The Russian subsidiary of Italian energy major Enel was awarded new wind power project of over 71 MW on Tuesday, in the 2019 Russian government renewable energy tender, Prime news agency reported.
The Rodnikovsky wind farm will be located in the Stavropol region, with Enel Green Power, the company’s global...
Russia’s biggest oil company, Rosneft, is urging the government to force state pipeline monopoly Transneft to compensate for consumer losses due to the recent oil contamination scandal on the Druzhba pipeline, Kommersant reported citing sources.
According to the report, Rosneft received claims from Belarus state-run company Belneftekhim for $155 million...
Russian state gas company Gazprom and Serbia’s Ministry of Mining and Energy have signed an agreement on the construction of natural gas (LNG) stations in the Balkan country, SEE News reports.
“Serbia and Gazprom will aim to provide LNG that will be produced in the country to ensure the...
Russian oil producer Lukoil, which is limited in its ability to expand its resource base in Russia, continues to expand its presence in Africa, Kommersant reports.
The company, which has stakes in projects in Nigeria and Cameroon, shelled out $800 million to participate in a project on the Congo...
Russia’s private gas producer Novatek will set up a joint venture with China’s Sinopec and Russian lender Gazprombank to sell natural gas and LNG in the Chinese market, Kommersant reported.
On Wednesday, the parties signed framework conditions for an agreement in the joint venture as part of Chinese President Xi...
One of Russia’s top oil executives, Rosneft CEO Igor Sechin, said on Thursday that “Russian and U.S. energy molecules are identical but Russian energy is 30% cheaper,” Reuters reported.
His statement came in response to the Trump administration rebranding fossil fuels as “molecules of U.S. freedom” and specifically gas as...
The Moscow Commercial Court has ordered recovery of nearly 100,000 euros ($112,000) from Russia’s Antipinsky oil refinery in favor of chemical feedstock importer Trust Chem Group, the Russian legal information agency RAPSI reported citing court records.
Therefore, the court granted the lawsuit filed by Trust Chem Group. It was found...
The price of Gazprom’s shares rose by 10% on Monday, making the energy giant the most valuable company in Russia, Intellinews reported.
The news comes at a time when rumors of the imminent departure of Gazprom’s CEO Alexey Miller are swirling in Moscow.
The shares rose as much as...
Estonia’s state-run energy company Eesti Energia will temporarily lay-off up to 1,300 employees over the summer, citing cheaper Russian electricity flooding the market, according to local media.
The decision was also driven by a growth in cheaper electricity from Russia and Belarus on the Nord Pool multinational electric power market,...
