The head of Russia’s state nuclear energy corporation Rosatom, Aleksey Likhachev, has said that total investments in the development of Russia’s Northern Sea Route (NSR) will exceed $11.3 billion, TASS reports.
“A federal project to develop an Arctic sea passage has been approved with potential financing expected to top 735...
Gazprom is considering using technology by industrial gases group Linde or Royal Dutch Shell at its Baltic LNG project, Gazprom board member Vitaly Markelov said on Tuesday, according to Finmarket.
The Russian gas giant is forced to use the services of western companies, since Russia does not have its own...
The price of Gazprom’s shares rose by 10% on Monday, making the energy giant the most valuable company in Russia, Intellinews reported.
The news comes at a time when rumors of the imminent departure of Gazprom’s CEO Alexey Miller are swirling in Moscow.
The shares rose as much as...
Anglo-Dutch energy giant Shell decided to withdraw from the Baltic LNG project because it does not agree with the change in its concept, the company’s chairman Cederic Cremers, Shell Russia Chairman, told TASS news agency.
"The reason is that we don’t believe in an integrated concept. We were discussing the...
Russian oil companies would need up to 2.6 trillion rubles ($41 billion) in tax breaks to develop the Arctic region, Vedomosti reported on Monday citing a letter from the head of Rosneft Igor Sechin addressed to President Vladimir Putin and backed by KPMG calculations.
According to the business newspaper, discussions...
The operator of Russia’s Nord Stream 2 project, Nord Stream 2 AG, said on Monday that the process of laying pipelines in Swedish waters is almost finished and will be completed in October, Oil Capital reported.
"Pipelay in the 510-kilometre long Swedish section of the Nord Stream 2 pipeline is almost...
The decision by Europe’s top court to ban Gazprom from fully accessing the OPAL pipeline will affect next week’s gas talks with the European Union and Ukraine, Russian Energy Minister Alexander Novak said on Thursday.
OPAL, along the border of Germany and Poland, is a link to the Russian gas...
The pressure of geopolitical factors in the global oil market is becoming increasingly strong, which makes forecasting more difficult, Russia’s Energy Minister Alexander Novak told a session of the Russian Energy Week on Wednesday, according to TASS.
The minister said the situation on the market is “almost stable”.
"Despite the fact...
Nuclear energy will be the focus of the first Russia-Africa Summit, with Moscow looking to sell the energy as a solution for the continent's power supply woes, DW writes.
Nearly 600 million Africans do not have access to electricity. With growing populations and rising demand for power, African governments are...
