The Nord Stream 2 gas pipeline project will be implemented because the EU needs it as much as Russia, Deputy Prime Minister Arkady Dvorkovich told reporters on the sidelines of the Krasnoyarsk Economic Forum on Friday.
"We expect this project will be implemented. It is a mutually beneficial indeed. The...
Russia’s planned modernization program for power generation facilities until 2035, which holds a price tag of 3.5 trillion rubles ($56 billion), could be delayed, industry sources told Kommersant.
The final version will have to be taken up by the next government, one of the sources said. In particular, the Ministry...
China and Russia have already begun their battle for supremacy in the Arctic, where new lucrative trade routes and oil and gas drilling opportunities have opened due to global warming, Nikkei Asian Review reports.
Arctic sea ice has been steadily shrinking due to our planet's rising average temperatures. The maximum...
Russia’s Energy Minister Alexander Novak said his country has confirmed to the European Union its readiness to partially use the Ukrainian gas transportation system after 2019.
"Yesterday we had a conversation with Vice-President of the European Commission and discussed gas supplies by European consumers in the context of the contracts...
Russia will start negotiations on extending its gas transit contract with Ukraine this week, Kommersant reported. According to the business daily, Russian energy giant Gazprom and Ukraine’s Naftogaz will formally discuss this issue in the next days. Substantive consultations between Moscow and Brussels may begin in late May,...
Ukraine’s Naftogaz is preparing a formal enforcement procedure in Europe and a new lawsuit against Gazprom to recover damages caused by its non-compliance with arbitration awards, the company’s CEO has said.
Naftogaz Chief Commercial Officer Yuriy Vitrenko said this at a meeting with EU Commissioner for Competition Margrethe Vestager in...
The Nord Stream 2 gas pipeline from Russia to Germany cannot go ahead without clarity on Ukraine’s role as a gas transit route, German Chancellor Angela Merkel said on Tuesday, in an apparent hardening of her stance towards the project.
“I made very clear that a Nord Stream 2 project...
Russia’s push for influence in Southeast Asia is based on oil, while seemingly being more driven by business than politics, Thai newspaper The Nation writes.
More specifically, the Asia-Pacific region is without question becoming an increasingly important market for Russia’s oil and gas in the face of tightening Western...
Former German foreign affairs minister Sigmar Gabriel has come under fire from tabloid Bild this week over his support for the Russian Nord Stream 2 pipeline. In a speech he made after leaving the post of Foreign Minister, Gabriel called for a "balanced German attitude" towards Russia.
Germany is likely to...
