As Moscow aims to turn natural gas into a commodity that can be sold anywhere, like oil, Russia’s production of liquefied natural gas (LNG) has soared in the past year, bne Intellinews reports.
Russia has been investing heavily into LNG production through the vehicle of privately owned LNG producer Novatek....
The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year, Oil and Gas Middle East reports.
According to Rystad Energy, the Middle Eastern region will produce over 730bn cubic metres of gas...
Russian diamond mining giant Alrosa has named the largest pink diamond ever discovered and produced in Russia, “Spirit of the Rose,” after a legendary short ballet of the same name, Vesti.ru reports.
The gem was created from a 27.85-carat clear pink rough diamond unearthed two years ago from the Alrosa-owned...
The trilateral Ukraine-EU-Russia talks on gas transit, scheduled for September 16, will take place after the formation of a new government and the composition of a delegation, the president's representative in the Ukrainian Cabinet of Ministers, Andriy Gerus, has said, according to Ukrinform.
“We are in favor of extending this...
Russia has profited considerably in the past 9-10 months as Washington imposed draconian oil sanctions on Venezuela, Bloomberg writes.
According to the news outlet, the demand for Russian oil that is sourced from the country’s Ural Mountains region is at a historic peak, with Russia making additional profits between November...
Russian state-run energy giant Gazprom was ranked among the fastest-growing oil and gas producers during the last five years, among with PetroChina and U.S.-based EQT Corp., a new analysis from Rystad Energy reveals, according to Kallanish Energy.
The companies that grew their oil and gas volumes the most in recent years include a...
The biggest oil company in Russia, Rosneft, has asked buyers to use the euro as the default currency in a spot tender for the first time, Reuters reported.
In an official document, the state-run energy giant demanded the euro payment for the sale of naphtha loading from the Far East ports...
Ukrainian pipeline operator Ukrtransnafta said on Tuesday that Russian oil pipeline monopoly Transneft has paid it 2.9 million euros ($3.25 million) so far as compensation for contaminated oil that entered the Ukrainian pipeline network.
This is an increase from 2.3 million euros previously paid.
On July 31, UkrTransNafta said that it...
Russian state-owned energy giant Gazprom is determined to finish construction on the remaining one-third of its Nord Stream 2 gas pipeline by the end of 2019—but the project’s opponents, from Washington to Copenhagen, are gearing up for a fresh fight against the undertaking, RFE/RL writes.
However, despite U.S. President Donald Trump’s efforts to...
Serbian media reported on Tuesday that the first part of the 403-kilometer section of Gazprom’s TurkStream gas pipeline in the country territory has been completed. The section stretches from the Bulgarian border to the city of Cuprija, according to Serbian newspaper Blic.
Currently, construction works are underway at the second...
