The United States welcomes competition from Russia on the global energy markets, but the country must no longer use energy as an economic weapon, U.S. Secretary of Energy Rick Perry said on Thursday during his meeting with Russia’s Energy Minister Alexander Novak in Moscow.
According to Platts, at the meeting...
India's state-run energy companies are looking to participate in more oil and gas projects in Russia, India's oil minister said on Thursday, Reuters reports.
The minister said India wants to bolster ties with the traditional ally rich in resources.
"Our engagement in the hydrocarbon sector, including some major investments,...
Russia's Gazprom and Japan's Mitsui and Co. signed a memorandum of understanding on the Baltic LNG project, which will include building an LNG plant on the Baltic Sea coast, the Russian company said Wednesday according to LNG World News.
Baltic LNG involves the construction of a 10 metric tons per...
Russian Energy Minister Alexander Novak said on Wednesday the ongoing trade war between the U.S. and China, along with Washington’s sanctions regime against Russia, are contributing to instability in the global oil market and putting pressure on prices.
"We can see that the pricing situation today depends not just on the...
Russia’s Gazprom Neft and the Mitsubishi Corporation are assessing opportunities for cooperating in developing the Sakhalin offshore fields, TASS news agency reported.
The two companies have agreed to investigate potentially combining their competencies and know-how in implementing high-tech upstream projects in the Sea of Okhotsk.
“Several of the company's offshore projects are...
Russian Energy Minister Alexander Novak said on Wednesday he will discuss cooperation in the energy sphere with his U.S. counterpart Rick Perry, describing the move as important for “people’s well-being,” RIA news agency reported.
Novak and Perry are due to meet in Moscow on Thursday amid tense relations between...
Russia has capabilities to boost oil production from the current level within the framework of OPEC+ decision taken in June, Energy Minister Alexander Novak told reporters at the Eastern Economic Forum on Tuesday, according to TASS.
"I think we, our companies, potentially have such capabilities," Novak said.
Russia will determine the...
Russian gas producer Novatek has moved a step forward with its plans to build a $1 billion liquefied natural gas (LNG) trans-shipment terminal in the Russian Far East, Natural Gas World reports.
On Monday, the company signed an agreement of intent with the Russian ministry for the development of the...
Russian Energy Minister Alexander Novak and U.S. Energy Secretary Rick Perry will meet in Moscow on September 13 to discuss the introduction of new U.S. sanctions against Iran, the construction of the Nord Stream 2 pipeline and development of oil and gas markets, the Russian minister said on Monday.
"The...
International sanctions against Russia have complicated plans by Russia’s power company Rushydro to join a new aluminum smelter project that Rusal wants to build in Siberia, Rushydro’s head Nikolai Shulginov said on Monday, according to Reuters.
Rusal, the world’s No.2 aluminum producer after China’s Hongqiao, started work on the Taishet...
