A decision by the U.S. Treasury Department to change its Russian sanctions program may greatly reduce the restrictions on aluminum giant Rusal, Rio Tinto Chief Executive Jean Sebastien Jacques said on Wednesday, according to Reuters.
On April 6, Washington imposed sanctions against Russian billionaire Oleg Deripaska and several companies in...
Gazprom plans to lay a new pipeline to Europe, the Deputy Chairman of the company’s Managerial Committee, Alexander Medvedev, said in an interview with Rossiya-24 TV.
“We have confirmed reserves, we have transport and we are building new transport routes. If Europe tells us what it needs and is ready to sign the pertinent contracts,...
Russian company Konkov's Petro-hydraulic Drives expressed readiness to provide the Fuel and energy complex of Turkmenistan with innovative solutions for improving oil production, said a report by the Central Asian country’s oil and gas administration.
The news comes after the Turkmen government officially invited Russian companies to form the oil...
Russia has launched the world's first floating nuclear power plant, the 70-megawatt Academik Lomonosov, on the Baltic Sea, state nuclear agency Rosatom has said.
Starting from St. Petersburg, the whole plant will be towed around Norway to Murmansk in Russia’s Far North to take on nuclear fuel. From there, it...
The world's largest pipelaying vessel, the Pioneering Spirit, reached the Turkish shore off Kiyikoy in northwest Turkey on Monday, finalizing the deep-water offshore construction of the first line of the TurkStream natural gas pipeline, Russian gas giant Gazprom said Monday, according to Platts.
The 31.5 billion cubic meters (Bcm) per...
The Russian Ministry of Industry and Trade has developed and approved a plan for localizing the production of critical LNG equipment for the country, with a price tag of around $10 billion, an official from the ministry has told the Izvestya newspaper.
The plan includes creating new scientific developments for gas...
Russian gas giant Gazprom said on Thursday its earnings fell 25 percent year-on-year in 2017, partly due to higher debt and costs of a legal dispute with Ukraine.
Net profit for the year totaled 714.3 billion roubles ($11.41 billion), the company said, down from 951.6 billion roubles a year earlier....
Russian independent gas producer Novatek sees the latest U.S. sanctions against Russia introduced in early April as "a mistake," but does not expect any new measures to be levied against Novatek itself, CFO Mark Gyetvay said Thursday, according to Reuters.
"It has become increasingly frustrating for all involved to deal with...
Two German government officials speaking to Reuters said that Germany, which gets 37 percent of its gas from Russia, was not making itself more dependent on Moscow by supporting the Nord Stream 2 gas pipeline. The country was trying to get foreign investors to help Ukraine by investing in its pipeline, the...
The world’s biggest gas producer, Russia’s Gazprom, expects to increase output by about 1 percent this year, Deputy Chief Executive Officer Vitaly Markelov has said, according to Reuters.
Gazprom expects output of 475.8 billion cubic meters (bcm) versus 471 bcm in 2017 as it rebounds from a low of 418.5...
