The decision by energy giant Royal Dutch Shell to withdraw from its joint Baltic LNG project with Russia’s Gazprom could delay the venture, sources told business newspaper Kommersant.
The Russian state-run gas giant will now have to find over $10.8 billion for the construction of both the Baltic LNG...
Russian retailer Magnit has dropped plans to bid for smaller rival Lenta, paving the way for Severgroup, a company owned by Russian steel magnate Alexey Mordashov, to take over Lenta at about $1.75 billion, Kommersant reports.
Magnit this month will buy Lenta, Russia’s third-largest grocery retailer, seeking to thwart Mordashov’s...
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...
Gazprom Neft, the oil arm of Russia’s gas giant Gazprom, is exploring the possibility of monetizing its natural gas resources in the Yamal Peninsula in Western Siberia with a total volume of up to 1.5 trillion cubic meters by building a gas liquefaction plant, Kommersant reported citing sources in...
Poland’s gas transport operator Gaz-System and Denmark’s Energinet will have to make an additional agreement with Russia’s Gazprom on their joint project, Baltic Pipe gas conduit to reduce Poland’s dependence on Russian gas, Rossiyskaya Gazeta writes.
The project is aimed at reducing the two countries’ reliance on Russian energy. But...
Russia should stick with output cuts even at the cost of losing market share in the medium term, and should avoid an oil price war against the United States, the head of Russia’s sovereign investment fund, RDIF has said according to Kommersant.
Kiril Dmitriev, who is one of the main Russian...
For years, Russia has worked to gain influence in Southeast Europe, using Serbia as a foothold to establish a friendly pocket on a hostile continent.
The European Union finally is pushing back. European Commission President Jean-Claude Juncker is embarking on a seven-nation Balkans tour Sunday to promote the EU's new...
Ukraine and Moldova have stepped up their criticism of the Nord Stream 2 gas pipeline project – a Russian venture intended to bring Russian gas directly to Germany.
Andriy Parubiy, the Ukrainian parliament speaker has said the real nature of the Nord Stream 2 pipeline project is far from being...
The largest manufacturer of steel pipes for the oil and gas industry in Russia, TMK, has agreed on selling its U.S. branch IPSCO Tubulars Inc. for $1.2 billion to Italy’s Tenaris, RBC reported citing the companies’ press service.
The sum does not include IPSCO’s funds and the debt, the size...
United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting tough sanctions on companies involved in Russia’s Nord Stream 2 project would come in the “not too distant future,” the Financial Times reports.
The gas pipeline project is criticized by the United States and several eastern...
