Russia’s Main Department of State Expertise (MSE), the federal autonomous institution under the Russian Ministry of Construction responsible for state expert review of design documentation of major infrastructure projects, has issued a positive conclusion on the project documentation and engineering survey results for the Nord Stream 2 pipeline in...
Russian gas producer Gazprom’s board agreed to management’s proposal for a dividend for 2017 set at 8.04 rubles ($0.1285) per share, the Interfax news agency reported on Wednesday citing an unnamed source close to the board.
The company would pay a total of 190 billion roubles in dividends for 2017, the...
The global LNG industry is going through changes that can soon see an end to long-term contracts, Russian gas major Novatek’s CFO Mark Gyetvay, said on Tuesday. Novatek was looking at a combination of different contract lengths to offer prospective buyers from its planned Arctic LNG-2 project, Gyetvay added.
According...
Rosneft, Russia's largest oil producer is looking to its operations in Vietnam for the experience needed to expand its global reach, while its offshore extraction with Western companies is barred by Western sanctions, Reuters reports.
Vietnam is a traditional ally of Russia, and Kremlin-controlled Rosneft is part of a consortium...
The planned Nord Stream 2 gas pipeline from Russia to Germany will harm the European Union and Ukraine which is why it should not be built, Poland’s Deputy Foreign Minister Konrad Szymański has said, according to TheNews.pl.
Szymański said that the planned gas link “is a bad deal for the...
EU regulators will settle their antitrust case with Gazprom by next week, people close to the matter said on Monday, after the Russian energy giant pledged to change its pricing structure and allow rivals a foothold in eastern Europe, Politico reports.
The European Commission is due to announce the deal...
Russian President Vladimir Putin has told the director general of the International Atomic Energy Agency (IAEA), Yukiya Amano, that Russia if fulfilling its obligations and develops its nuclear power industry in strict accordance with restrictions on non-proliferation of weapons of mass destruction, TASS agency reported.
"You know that Russia is one...
Russia’s state-owned oil company Rosneft’s first-quarter profit jumped seven-fold to 81 billion roubles ($1.3 billion), driven by higher prices, the company said on Monday, according to Russian Gazeta.
Rosneft has been pursuing an aggressive acquisition policy, expanding its global reach, but also amassing huge debt. In the past year, together...
Rosatom, Russia’s state nuclear energy company, has offered to put up floating nuclear power plants in the Philippines as the country explores the possibility of generating nuclear power, GMA News Online reported.
“Our breakthrough solution here is a floating nuclear power plant (FNPP), which is a mobile low-capacity reactor operable...
Despite high global oil prices aiding Russia’s budget, the rally also has another side which affects the economy: the country’s authorities are forced to borrow more in domestic currency, Bloomberg reports.
Last week, it was reported that the country’s budget is now on track for its first surplus since 2011,...
