Wednesday, October 4, 2023
The world's largest pipelaying vessel, the Pioneering Spirit, reached the Turkish shore off Kiyikoy in northwest Turkey on Monday, finalizing the deep-water offshore construction of the first line of the TurkStream natural gas pipeline, Russian gas giant Gazprom said Monday, according to Platts. The 31.5 billion cubic meters (Bcm) per...
Russia is taking a leaf out of the U.S. shale playbook so it can ramp up oil production quickly and hang on to its share of the global market when demand finally recovers after the coronavirus pandemic. At least two state-owned banks, Sberbank and VEB plan to lend oil firms...
The energy ministers of Russia and Belarus are scheduled to hold talks next week focusing on energy supplies, including price of gas, Russian Energy Minister Alexander Novak told reporters on Wednesday, according to TASS. "As for cooperation with our Belarussian partners, as you know, the energy ministries of Russia and...
The vice-chairman of Indian state Andra Pradesh’s Planning Board C Kutumba Rao on Wednesday alleged a ‘huge scam’ in the deal struck between India’s Essar Oil and Russian state-owned oil company Rosneft, the Economic Times reported. Claiming that apart from India, Russia and China were also involved in the scam, Kutumba...
The Russian government and oil pipeline operator Transneft are in disagreement over who should pay to clean up the contamination of the Druzhba pipeline that halted oil exports to Europe, RBC reports. Moscow admitted in late April that its Druzhba (“Friendship”) pipeline had been polluted with organic chloride, leading European...
Russia's Gazprom saw its international gas sales in the second quarter slide by 17% year on year to 44.9 Bcm, according to an analysis of data published late Aug. 13 in the company's Q2 report. According to S&P Global, the drop was of the same magnitude as in Q1 when...
Russia’s state-owned oil giant Rosneft wants its Western buyers to accept new terms and pay penalties from 2019 if they do not pay for supplies in the event that new U.S. sanctions disrupt the Russian major’s oil sales, trading sources and Rosneft’s draft contracts reveal, according to Reuters. A Rosneft...
Russia’s state-owned gas giant Gazprom will continue the construction of the Nord Stream 2 pipeline despite the EU Council approving a European gas directive this week that is expected to delay the project’s commissioning – and potentially leave it half empty, RBC Ukraine reports. Gazprom is the sole shareholder...
The US will continue to oppose the Nord Stream 2 (SP-2) project, US State Department spokesman Ned Price said. On the eve, Gazprom began to fill the first line of SP-2 with gas, said the pipeline operator Nord Stream 2 AG (owned by Gazprom). "We do not have a concrete answer...
Long-simmering questions about the leadership of Russia’s space agency, Roscosmos, are in the public focus as a series of corruption scandals, cost overruns and mishaps at the new Vostochny Cosmodrome are being questioned by officials, Vedomosti reports. In an interview with the business newspaper published on Monday, Deputy Prime Minister Yury Borisov...