Russia’s largest petrochemical company, Sibur, will triple its production output when two mega projects will be finished in 2024, the company’s Chairman of the Board Dmitry Konov has told The Financial Times.
The $16 billion bet on two new production plants will see the company’s production of polymers grow six-fold...
Russian President Vladimir Putin has personally guaranteed that Russia is ready to take over all the funding for the construction of the Nord Stream 2 gas pipeline if Western investors were threatened by U.S. sanctions, Kommersant wrote citing a report by German newspaper Süddeutsche Zeitung.
According to the report, Putin...
Russian state-owned shipping company Sovcomflot (SCF Group) has reinforced its move to embrace Liquefied Natural Gas (LNG) as a fuel for marine transportation by placing orders with Zvezda shipyard for two next-generation, large-capacity Aframax tankers, Ship Technology reported.
VEB-Leasing will finance the construction for the purchase of the tankers, whilst...
ENGIE, as one of the European partners of the Nord Stream 2 pipeline, has already invested half of its financial obligations in the pipeline and is ready to provide the rest in the coming months as the construction company needs it, ENGIE Executive Vice President Pierre Chareyre told Vestnik...
Hungarian Foreign Minister Peter Szijjarto told national news agency MTI that the country has agreed with Russia's Gazprom to start talks on gas shipments of about 4.1 billion cubic meters in 2020, according to Glavnovosti.
Szijjarto was talking in Moscow on Thursday ahead of a meeting of Russian President Vladimir...
China's rapidly growing appetite for LNG and the corresponding U.S. interest to sell the fuel could part ways after Beijing announced on Wednesday it will impose a 10% tariff on $60 billion-worth of American imports including LNG, CNN reports.
China is on the verge of overtaking Japan as the...
In an apparent attempt to protect itself from possible tougher U.S. sanctions, Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, traders who deal with the firm told Reuters.
According to the agency, the company asks customers...
The International Atomic Energy Agency (IAEA) and Russia have signed an agreement on the transport of low-enriched uranium and equipment necessary for the functioning of IAEA’s Low Enriched Uranium Bank (LEU) in Kazakhstan, Forbes Kazakhstan reports.
The contract was signed yesterday during the 62nd IAEA General Conference being held...
Polish President Andrzej Duda told TVP on Tuesday that U.S. President Donald Trump can make a decision that would bring the contentious Russian Nord Stream 2 gas pipeline project to a halt.
"The decision is in the U.S. President’s hands," Duda said when asked whether an opportunity existed to stop...
