Russian gas giant Gazprom and its five European energy partners are committed to fully financing the Nord Stream 2 pipeline’s natural gas link to Germany if no external financing is raised, the project company's Chief Financial Officer Paul Corcoran said Friday, according to S&P Global Platts.
"As of September 2018,...
SOCAR, the State Oil Company of Azerbaijan, has plans to build a methanol plant in Russia, the company’s polymer arm chief Farid Jafarov said on the sidelines of the 9th Azerbaijan-Russian Interregional Forum, News.ru reports.
“Negotiations are underway with a Russian company on the construction of a methanol plant in...
Former Russian Finance Minister and current head of Russia’s Accounts Chamber Alexei Kudrin has said he expects global oil prices to rise in the coming 2-3 years, TASS news agency reported.
"So far we project a certain rise in the oil price. I think it may happen for 2-3 years," he...
A synthetic fuel plant is planned by Poland’s JSW, the European Union’s biggest coking coal producer, in an effort to lower the country’s dependence on gas imports from Russia, Reuters reported.
On Thursday JSW said it will cooperate with South African petrochemicals group Sasol on the project.
“Poland is an...
Anglo-Dutch oil conglomerate Royal Dutch Shell is in talks to buy a stake in an oil and gas project from Russia’s state-owned Gazprom Neft, according to three sources familiar with the discussions speaking to Reuters.
Reuters’ sources said Shell is negotiating with Gazprom Neft, Russia’s third-largest oil producer, about acquiring...
Russia can quadruple its production of liquefied natural gas (LNG) by 2035, the head of the Department of Oil and Gas Production and Transportation at the Russian Energy Ministry Alexander Gladkov has said, according to Kommersant.
"If all LNG projects are implemented, Russia will have a capacity to produce...
The Federation of German Industry (BDI) on Monday defended the controversial Nord Stream 2 project that will expand Russia's natural gas supplies to Germany while bypassing Poland and Ukraine, Deutsche Welle reports.
In July, U.S. President Donald Trump accused Germany of being a "captive" of Russia due to its energy reliance and...
Novatek and the Russian energy giant’s subsidiary Power Asia Pte. Ltd have shipped its first liquefied natural gas (LNG) cargo to the Brazilian market with gas produced at the Yamal LNG project, the company said in a statement on Monday, according to RT.
The cargo was delivered to the Bahia Regasification...
Saudi Arabia and Russia said on Sunday that they would not be raising crude output immediately, a move seen as a tough response to U.S. President Donald Trump’s recent tweet demanding that OPEC should immediately cut prices, Business Insider reported.
After an OPEC+ summit in Algeria, the Saudi oil minister...
