The Svea Court of Appeal in Sweden upheld Gazprom’s appeal on June 13, deciding to suspend enforcement of the Stockholm Arbitration dated February 28, 2018, on the dispute between Gazprom and Ukraine’s Naftogaz regarding the contract on gas transit via Ukraine, Russia’s gas producer said in a statement on...
Russia’s gas giant Gazprom has been obstructing third parties from accessing a key eastern European gas pipeline for cross-border trading since the expiry of a long-term legacy contract, several regional sources close to the matter told ICIS.
Two old transit contracts held by Gazprom along the first string of the...
A major tax overhaul in Russia’s oil industry is about to start pressuring the earnings of major oil companies, Platts reports. According to the report, refiners will be hit hardest as the overhaul will increase the tax burden on downstream operations while the upstream sector will see taxes shift...
Russian Foreign Minister Sergey Lavrov said on Wednesday his country hopes that the TurkStream natural gas pipeline project and the Southern Gas Corridor will “operate in the conditions of fair competition,” RIA news agency reported.
"Of course, we are always ready to compete with other producers, other routes, which are currently being...
Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed bin Salman when he visits Russia for the opening of the soccer World Cup, Kremlin spokesman Dmitry Peskov told reporters on Wednesday.
Peskov said the two would discuss the global oil production cut agreement which Saudi Arabia and Russia...
Rosneft’s contract with China’s CEFC on oil supplies to China is not in jeopardy after the private conglomerate plunged into a crisis, two sources close to the deal told Moscow newspaper Vedomosti.
Earlier this year, CEFC sought to buy a 14.16% stake in the Russian oil giant to the tune...
Nord Stream 2, the contested $9 billion Russian gas pipeline, has secured the permit to build and operate the Swedish portion of the project in the Swedish Exclusive Economic Zone (EEZ), Oil & Gas Journal reports.
The 1,230-kilometers-long pipeline system will transport natural gas from Russia to the European Union.
The...
Austrian energy group OMV will seek talks with Norway about its planned asset swap deal with Gazprom in order to address Oslo’s concerns, OMV’s chief executive officer has said, according to Reuters.
OMV agreed to swap 38.5 percent of its Norway assets for 24.98 percent of the Russian company’s Urengoy gas...
Russian wind power association RAWI is inviting turbine manufacturers to work with it to help set up production facilities in the local market, Wind Power Monthly reports.
RAWI said prospective partners must have experience in producing machines with an individual capacity of at least 2.5MW, provide evidence of successful projects...
Mozambique plans to sign an agreement with Russia’s Rosneft and U.S. company ExxonMobil on gas field exploration in the north of the country by the end of 2018, the African country’s Minister of Foreign Affairs and Cooperation Jose Pacheco has said, according to Southern Times Africa.
The plan is to...
