Around three-quarters of the gigantic gas pipeline connecting Russia to China have been completed, Russia’s state-run gas exporter Gazprom announced this week, only days after the reelection of both Vladimir Putin and Xi Jinping.
"The construction of the Power of Siberia gas pipeline is going on at a high tempo....
Italy’s oil and gas giant, Eni, and its national gas transport operator Snam are ready to consider investing in the extension of the Turkish Stream project and natural gas delivery through Bulgaria to Austria, Eni CEO Claudio Descalzi and Snam CEO Marco Alvera have said.
According to Interfax, the two...
Russian state oil company Rosneft and Italy's Eni failed to find oil suitable for commercial exploitation in the Black Sea as the well they were drilling proved to be dry, a source close to operations told Reuters on Wednesday.
Rosneft and Eni started to drill the well, known as "Maria-1", in December. The...
The European Parliament passed draft rules on Wednesday to extend EU’s internal energy market laws to offshore gas pipelines such as Russia’s planned Nord Stream 2 link to Germany, Reuters reported.
The Parliament’s industry committee voted 41 votes to 13 in favor of the European Commission’s proposal, with 9 abstentions.
In...
The United States, which plans to become Russia’s major competitor in the European gas market, has become a net gas exporter for the first time in 60 years, Moscow business newspaper Kommersant reports.
In recent years, the U.S. has systematically increased production, expanding pipe gas supplies to Mexico and Canada,...
The mysterious rise and apparent fall of China's largest private oil company have raised a host of questions for the government and relations with Russia, analysts say.
Questions have been swirling around the investment empire of CEFC China Energy Company Ltd. since March 1 when Chinese media reported that its...
Russia is committed to seeing its pact with OPEC (Organization of Petroleum Exporting Countries) through to completion, whether that means starting discussions about a phase-out at the next meeting in June or prolonging output cuts into 2019, said Energy Minister Alexander Novak.
"As soon as the ultimate goal of our deal...
On the same day as Theresa May delivered a key speech threatening sanctions against Russia over the poisoning of a former spy and his daughter, Russian state-owned gas giant Gazprom raised nearly a billion dollars using the City of London money markets, according to British media reports.
In a separate deal,...
The new German government headed by Angela Merkel, who has been elected to her fourth term as Chancellor plans to review its energy policy. The proposed move includes a drastic drop in gas purchases abroad, which is sure to affect Russia’s interests, Rossiyskaya Gazeta reports.
European experts estimate that within...
The diplomatic row between the UK and Russia now threatens to spill into energy issues, after UK Prime Minister Theresa May said that Britain was looking “to other countries” for its gas supplies, Platts reports.
The UK-Russian relations have quickly deteriorated over the past week after London said that a former...
