Germany’s Economy Minister Peter Altmaier accused Washington of seeking to block the planned Nord Stream 2 gas pipeline between Russia and Germany to shore up its own exports, Reuters reported.
The statement comes after the U.S. warned that the project may be subject to sanctions by Washington. On Thursday, U.S. Deputy...
The global LNG industry is going through changes that can soon see an end to long-term contracts, Russian gas major Novatek’s CFO Mark Gyetvay, said on Tuesday. Novatek was looking at a combination of different contract lengths to offer prospective buyers from its planned Arctic LNG-2 project, Gyetvay added.
According...
Rosneft, Russia's largest oil producer is looking to its operations in Vietnam for the experience needed to expand its global reach, while its offshore extraction with Western companies is barred by Western sanctions, Reuters reports.
Vietnam is a traditional ally of Russia, and Kremlin-controlled Rosneft is part of a consortium...
EU regulators will settle their antitrust case with Gazprom by next week, people close to the matter said on Monday, after the Russian energy giant pledged to change its pricing structure and allow rivals a foothold in eastern Europe, Politico reports.
The European Commission is due to announce the deal...
Rosatom, Russia’s state nuclear energy company, has offered to put up floating nuclear power plants in the Philippines as the country explores the possibility of generating nuclear power, GMA News Online reported.
“Our breakthrough solution here is a floating nuclear power plant (FNPP), which is a mobile low-capacity reactor operable...
Despite high global oil prices aiding Russia’s budget, the rally also has another side which affects the economy: the country’s authorities are forced to borrow more in domestic currency, Bloomberg reports.
Last week, it was reported that the country’s budget is now on track for its first surplus since 2011,...
Unexpectedly high oil prices have filled up Russia’s state coffers and opened a possibility of the country running a budget surplus in 2018, for the first time in seven years, Investing.com reported citing a draft budget law.
The finance ministry's draft shows Russia could post a budget surplus of 0.45...
Qatar wanted higher returns on its existing stake in Russia’s state-owned oil company Rosneft before it bought more, sources familiar with the negotiations held in the past few months told Reuters.
The request from the Qatari delegation was one of the triggers which prompted Igor Sechin, the head of Rosneft...
Economy Minister of Germany Peter Altmaier will visit Ukraine and Russia next week to discuss the Nord Stream 2 project, Handelsblatt reports.
"Federal Economy Minister Peter Altmaier intends to visit Ukraine and Russia in the near future," a statement from the ministry said, according to the newspaper.
In particular, on Sunday...
Russian independent gas producer Novatek wants to secure the Arctic LNG project for the production of liquefied natural gas from possible sanctions risks, Leonid Mikhelson, the company's CEO, told reporters.
"Our next project, we are working at and where we are going to decide on investments next year and are...
