Russian gas major Gazprom said on Thursday that U.S. exports of liquefied natural gas (LNG) to Europe will be its main competition for this year, business newspaper Vedomosti reports. The statement marks an abrupt change of tone from Gazprom toward gas supplies from the United States.
“It is obvious that LNG will be the...
Russian liquified natural gas (LNG) is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin, Global commodities information provider S&P Global Platts quoted a Shell executive as saying.
LNG is a fuel that has been cooled to liquid form so it...
Russia’s lumber, wildlife and water resources have a combined worth of 6 trillion rubles ($94.2 billion), the Natural Resources and Environment Ministry has estimated, according to RBC.
The Russian economy is heavily reliant on exports of its resources. Last week, the ministry said that the combined worth of its oil,...
Russian energy giant Gazprom, which seeks to compensate for falling production in old regions and ensure future export, has started developing a major natural gas field in Siberia’s Yamal Peninsula - the Kharasavey gas field - which it had delayed several times, S&P Global Platts reported.
The Russian company will...
U.S.-based provider of technology, engineering and construction solutions to the energy industry McDermott International, Inc. has been awarded a technology contract by Russia’s Irkutsk Oil for basic engineering and licensing of a 650-kiloton per annum (kta) ethylene plant, Gas World reported Wednesday.
McDermott also stated that the contract calls for...
Serbian President Aleksandar Vucic and the CEO of Russian state-owned gas giant Gazprom, Alexey Miller, have held talks over the construction of a gas pipeline in the Balkan country, Gazprom said on Tuesday.
The gas pipeline would run from the border with Bulgaria to the border with Hungary, the statement...
Global palladium prices soared to a new record on Tuesday as supply concerns for the autocatalyst metal were driven by the risk of a ban on some Russian exports, Reuters reports.
As of 0642 GMT, spot palladium rose 0.4 percent to $1,589.83 an ounce, after marking an all-time high of...
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain divided on whether the curbs should remain in place through the end of the year, officials said Sunday, according to CNBC.
Saudi Arabia, the de facto leader of the Organization of the...
Russia’s Natural Resources and Environment Ministry estimates that the combined worth of the country’s oil, gas and other resources amounts to 60 percent of its gross domestic product, RBC reported on Thursday.
Russia’s economy is heavily reliant on exports of its resources, as the country is one of the world’s top...
The United States and India have agreed that a U.S. company, most likely Westinghouse, will construct six nuclear power plants in India, dealing a blow to Russian hopes for the lucrative nuclear deal, Nezavisimaya Gazeta reports.
Russia and India struck an agreement during President Vladimir Putin’s visit to New Delhi...
