The world’s biggest gas producer, Russia’s Gazprom, expects to increase output by about 1 percent this year, Deputy Chief Executive Officer Vitaly Markelov has said, according to Reuters.
Gazprom expects output of 475.8 billion cubic meters (bcm) versus 471 bcm in 2017 as it rebounds from a low of 418.5...
Polish Foreign Minister Jacek Czaputowicz has said he believes the United States will back his country’s efforts to block the controversial Nord Stream 2 pipeline opposed by Warsaw, TVN24 reports.
Czaputowicz spoke about Nord Stream 2 with U.S. Ambassador to the UN Nikki Haley in New York on Monday.
If built,...
Russian state-owned gas monopoly Gazprom and Saudi giant Aramco signed an Addendum to a Memorandum of Understanding, aiming to widen the possible areas of cooperation between the companies, Oil Price reported. The document was signed during a working meeting between Gazprom CEO Alexey Miller with Saudi Energy Minister Khalid...
The dollar held its gains on upbeat U.S. economic data and equities edged up, whetting investors’ appetite for risk and ending a three-day gold rally on Wednesday, Investing.com reported.
"The announcement by China of new import tariffs on US sorghum raised concern that a trade war was still a risk,"...
The Organisation of Petroleum Exporting Countries (OPEC) and Russia will meet in Saudi Arabia this week after successfully curbing an oil glut that threatened their economies. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place, Platts reports.
Almost 16 months of...
China and Russia have already begun their battle for supremacy in the Arctic, where new lucrative trade routes and oil and gas drilling opportunities have opened due to global warming, Nikkei Asian Review reports.
Arctic sea ice has been steadily shrinking due to our planet's rising average temperatures. The maximum...
Russia will start negotiations on extending its gas transit contract with Ukraine this week, Kommersant reported. According to the business daily, Russian energy giant Gazprom and Ukraine’s Naftogaz will formally discuss this issue in the next days. Substantive consultations between Moscow and Brussels may begin in late May,...
Ukraine’s Naftogaz is preparing a formal enforcement procedure in Europe and a new lawsuit against Gazprom to recover damages caused by its non-compliance with arbitration awards, the company’s CEO has said.
Naftogaz Chief Commercial Officer Yuriy Vitrenko said this at a meeting with EU Commissioner for Competition Margrethe Vestager in...
The Nord Stream 2 gas pipeline from Russia to Germany cannot go ahead without clarity on Ukraine’s role as a gas transit route, German Chancellor Angela Merkel said on Tuesday, in an apparent hardening of her stance towards the project.
“I made very clear that a Nord Stream 2 project...
Russia’s push for influence in Southeast Asia is based on oil, while seemingly being more driven by business than politics, Thai newspaper The Nation writes.
More specifically, the Asia-Pacific region is without question becoming an increasingly important market for Russia’s oil and gas in the face of tightening Western...
