From Monday, October 18, new rules for supplying gas to land come into force, approved by Russian Prime Minister Mikhail Mishustin.
Gasification is possible only in those settlements where there is already a gas distribution infrastructure, according to the website of the Russian government.
The connectivity will be available to those...
With the constant turbulence in the Russian oil market due to the war in Ukraine, the market is attempting to figure out which companies will fill the hole left by the world's major oil merchants cutting back on Russian crude supplies, according to Bloomberg.
Trafigura halted all the purchases of...
Russian government ministers and oil industry representatives failed to agree on new measures to prop up oil producers at a meeting headed by Deputy Prime Minister Arkady Dvorkovich on February 27, Kommersant reported, citing company sources.
According to the report, the Energy Ministry’s requirement to slash the oil export duty...
The U.S. should be flexible in negotiations with Saudi Arabia about providing nuclear reactors because two adversaries are also competing for the role, Energy Secretary Rick Perry told lawmakers Thursday.
Russia and China are interested in partnering with Saudi Arabia as it tries to develop civil nuclear energy to shift...
Germany’s Economy Minister Peter Altmaier said his country’s aim with respect to the planned new Nord Stream 2 gas pipeline from Russia is to enable private infrastructure projects while protecting the justified interests of Ukraine, Reuters reported.
Altmaier was speaking at a joint news conference with European Energy Commissioner Maros Sefcovic,...
Russian President Vladimir Putin told the head of French energy major Total on Friday that Moscow will consider the possibility of opening up Russia’s pipeline gas exports.
According to Reuters, Total’s CEO Patrick Pouyanne asked Putin during an economic forum in St Petersburg to allow a joint venture of Total...
OPEC members and other major oil producers including Russia announced a deal late on Friday that will increase oil supplies from the producer group, The Guardian reports.
OPEC has been capping output in order to balance the market and boost prices for the last 18 months.
The agreement came after a...
U.S. President Donald Trump has told NATO Secretary-General Jens Stoltenberg that Germany is "captive" to Russia because it is importing energy from there, Reuters reports.
In a heated exchange with the NATO chief ahead of a summit in Brussels on Wednesday, the U.S. president was fiercely critical of German oil and...
Russia’s state-owned energy giant Gazprom is opening an electronic trading platform to sell natural gas to European countries, Vedomosti reports.
According to Elena Burmistrova, Director General of Gazprom Export, this tool will help improve the company’s cooperation with its customers in Europe making the gas sales mechanism even more effective.
The...
Russian oil firm Lukoil plans to spend at least $1 billion buying back shares by the end of 2019, the Vedomosti newspaper cited the company’s first vice president for finance as saying on Friday.
Lukoil will begin the buyback this month and the process will be handled by Citibank, Alexander Matytsyn said.
Lukoil’s...
