Russia, Vietnam aim for further promotion of partnership — statement
The statement confirms the “mutual intent for further promotion of relations of comprehensive strategic partnership” Russian President Vladimir Putin and President of Vietnam Nguyen Xuan…
Turkey discussing increase in gas supplies to republic with Gazprom, says ministry
Turkey expects over 20 bln cubic meters of gas to be delivered to the republic by the end of 2021 Turkey and Gazprom are negotiating…
Gas production in Russia increased by 11.1% in ten months
In January-October 2021, the volume of gas production in Russia increased by 11.1% compared to the same period in 2020 and amounted to 625.67 bcm,…
Moldova will receive gas from Russia in November at a price of $450
Moldova, within the framework of a contract with Gazprom, will receive Russian gas in November at a price twice lower than the market price, wrote…
Russia to provide extra gas supplies to Europe if necessary, vows upper house speaker
Europe’s gas crisis deteriorated this autumn after it’s spot prices soared past $1,000 per 1,000 cubic meters and approached $2,000 per 1,000 cubic meters amid…
Russia cannot be blamed for gas crisis in Europe, says ex-BP CEO Dudley
Russia cannot be blamed for gas crisis in Europe, Chairman of the Oil and Gas Climate Initiative (OGCI), ex-CEO of BP, Bob Dudley told TASS…
Russia may earn additional $50 bn from rising oil and gas prices
Oil and gas revenues of the Russian budget and extra-budgetary funds in 2021 may grow by almost 70% compared to the level of 2020 or…
Moldova interested in long-term contract with Gazprom, says Deputy PM
Andrei Spinu said that during his trip to Russia he was unable to discuss this issue with Gazprom CEO Alexei Miller, due to objective circumstances,…
Putin predicts growth in oil consumption until 2045
The rate of oil consumption until 2024 will grow by 0.7% per year, gas prices will also rise, said Russian President Vladimir Putin at a…
Putin Looks To Limit Wealth Fund Spending
Russian President Vladimir Putin has ordered the government to decide whether it is viable to limit the spending of the Russian sovereign wealth fund in view of…
BOTAŞ discusses 3-year extension of Turkish Stream contract
The Turkish gas transportation monopoly BOTAŞ is discussing with Gazprom the conclusion of a new medium-term (three-year) contract for the supply of gas via Turkish…
Mishustin instructed to prepare the economy for the global rejection of oil and gas
Russian Prime Minister Mikhail Mishustin on September 20 instructed to develop a plan for adapting the Russian economy to the global energy transition by the…
Price of AI-95 gasoline hits new record in Russia
The price of AI-95 gasoline at the Saint-Petersburg International Mercantile Exchange (SPIMEX) has once again hit a record, Report informs, citing foreign media. Today, the price for…
LUKoil President Reveals Plans for the North Caspian
LUKOIL has submitted for approval the reserves of the Severo-Rakushechnoye field in the amount of about 30 million tons, the president of the company, Vagit…
Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas
State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting…
Gazprom has raised its forecast for the price of gas exports by 30%
Gazprom has raised the forecast for the average price of gas exports to the European non-CIS countries this year to $ 269.6 per thousand cubic…
“Rosneft” increased its net profit five times
At the end of the first half of 2021, “Rosneft” received one of the highest net profit indicators in its history, increased EBITDA and free cash…
Oil exports from Russia to non-CIS countries decreased by 9% in 7 months
Export of Russian oil to non-CIS countries in January-July 2021 amounted to 122.01 million tons, which is 9.1% less than in 2020, according to the…
In June, Russia produced 9.57 million barrels per day of oil
Oil production in Russia, excluding gas condensate, in June amounted to 9.568 million barrels per day, the OPEC + deal was completed by about 93%,…
Nord Stream 2: US and Germany reach deal on controversial Russian gas pipeline
The US says it has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline as political leverage over…
“Rosstat” for the first time calculated the share of oil and gas in Russian GDP
“Rosstat” for the first time calculated the share of the oil and gas sector in Russia’s GDP – at the end of 2020, it amounted to 15.2% and…
Russia announced an increase in the volume of “green” generation
Russia will almost double the volume of “green” generation in three years, said Russian Prime Minister Mikhail Mishustin. “The energy sector is also developing, which…
The share of oil and gas revenues in the budget of the Russian Federation decreased to 30.5%
Receipt of income significantly exceeded the forecast. They rose to almost 5.3 trillion rubles, stated the head of the Cabinet of Ministers Mikhail Mishustin on…
Novak: construction of Nord Stream 2 will be completed by the end of the year
The construction of the Nord Stream 2 gas pipeline will be complete by the end of 2021, and it will be put into operation, said Russian…
LUKOIL wants to be the operator of the Dostlug project in the Caspian Sea
LUKOIL would like to be the operator of the Dostlug project in the Caspian Sea, the president of the company Vagit Alekperov told reporters on…
SOCAR, Gazprom discuss cooperation in gas sector
President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with the head of the Russian oil and gas company Gazprom, Alexei Miller. Report informs, citing…
Gazprom resumed supplies to Turkey via Blue Stream
The planned shutdown of the Blue Stream Black Sea gas pipeline from Russia to Turkey completed ahead of schedule, and gas supply resumed on May…
Russian government announced plans for the development of electric transport
The Ministry of Economic Development of the Russian Federation announced plans for the development of electric transport. Over the next nine years – until 2030,…
The Russian Federation has every opportunity to increase its share in the global petrochemical market up to 6-7%
Russia has every opportunity to increase its share in the global oil and gas chemistry market to 6-7%, Deputy Prime Minister Alexander Novak said. On…
Gazprom declined to discuss the timing of the completion of Nord Stream 2
Gazprom does not comment on the specific deadlines for completing the laying and commissioning of the Nord Stream 2 gas pipeline; they are influenced by many factors, including…