Friday, March 29, 2024
Russia is committed to seeing its pact with OPEC (Organization of Petroleum Exporting Countries) through to completion, whether that means starting discussions about a phase-out at the next meeting in June or prolonging output cuts into 2019, said Energy Minister Alexander Novak. "As soon as the ultimate goal of our deal...
On the same day as Theresa May delivered a key speech threatening sanctions against Russia over the poisoning of a former spy and his daughter, Russian state-owned gas giant Gazprom raised nearly a billion dollars using the City of London money markets, according to British media reports. In a separate deal,...
The new German government headed by Angela Merkel, who has been elected to her fourth term as Chancellor plans to review its energy policy. The proposed move includes a drastic drop in gas purchases abroad, which is sure to affect Russia’s interests, Rossiyskaya Gazeta reports. European experts estimate that within...
The diplomatic row between the UK and Russia now threatens to spill into energy issues, after UK Prime Minister Theresa May said that Britain was looking “to other countries” for its gas supplies, Platts reports. The UK-Russian relations have quickly deteriorated over the past week after London said that a former...
Ukraine’s national gas company Naftogaz has confirmed that an agreement has been achieved to hold a meeting with Russia’s Gazprom to try and reconcile an ongoing gas row, the Ukrainian company’s press service reported. “Naftogaz and Gazprom will meet to discuss the situation. Naftogaz sees no need to cancel contracts...
The United States is ready to compete with Russia in the liquefied natural gas market in Europe, U.S. Assistant Secretary of State Sandra Oudkirk told reporters after a conference at the Atlantic Council think tank. "We are ready to compete in the EU especially… in regard to LNG," Oudkirk said...
Moldova remains dependent on Russian energy, while its limited options for diversification of energy routes and supplies make the country reliant on political stability in Romania and Ukraine, a new report by global risk and strategic consulting firm Maplecroft says. According to New Eastern Europe, the report also states that...
An American company has agreed to pay $2 million to settle charges that it bribed a Russian official to win contracts to ship uranium to the United States, the U.S. Justice Department said on Tuesday. Maryland-based Transport Logistics International admitted to bribing the Russian official with more than $1.7 million...
Russia’s gas row with Ukraine poses no risks to gas supplies to Europe, Russian state news agency TASS quoted Gazprom’s CEO Alexei Miller as saying said on Tuesday. Miller, at a meeting with Prime Minister Dmitry Medvedev, also said it will take up to two years to terminate contracts with...
The China National Nuclear Corporation (CNNC) will invest into the construction of a uranium mine in the Transbaikal Region in East Siberia for a 49% stake in the joint venture and 600 tonnes of uranium per year, according to RBC. Russia’s state-owned nuclear energy corporation Rosatom has been unable to...