Boiler houses in St. Petersburg will completely switch to natural gas by 2025, said the Governor of St. Petersburg Alexander Beglov at a meeting with Deputy Prime Minister Alexander Novak, Russian media reported.
"The level of gasification in St. Petersburg is one of the highest in Russia - over 95%....
The Russian oil company Lukoil has discussed a partial sale of its investment in West Qurna 2 with Iraqi officials, but the Oil Ministry of Iraq has urged that Lukoil continue to participate in the project, according to Vagit Alekperov, President of the Russian oil major.
"We informed of...
Nord Stream 2 AG must decide for itself what to do next - this is a corporate matter, the press secretary of the President of the Russian Federation Dmitry Peskov said, commenting on the decision of the German court.
The Supreme Land Court of Dusseldorf earlier rejected the complaint of...
Another record was set by the price of natural gas on the European market, as quotas for October gas futures on the index of the most liquid European hub, the Dutch TTF, exceeded $740 per thousand cubic meters, Russian media informed.
At the beginning of the trading session on Monday,...
According to Kommersant, on Tuesday morning the spike in oil prices has resulted in an increase in Russian gasoline costs. The price increase may benefit petroleum producers. According to analysts, the profitability of fuel oil production has increased by approximately 200 rubles ($2.8) per ton of refined oil since September of the...
According to Western analysts, the closure of Chinese businesses owing to an energy shortage may impede China's quarterly development, which would have worldwide ramifications.
The officials of Liaoning Province, one of China's main industrial hubs, reported a power outage in the area on Monday. The energy crisis will increase demand...
The Moldovan state-owned company Energocom and the Polish state-owned PGNiG signed a contract for a trial purchase of 1 million cubic meters of gas. This is the first purchase of gas from alternative sources, the press service of the country's government said, Russian media reported.
The tender was announced on...
Russia’s Gazprom Neft said on Thursday that cooperation with OPEC producers on curbing oil output could last until the first half of 2019, Reuters reported.
Sergey Vakulenko, head of strategic planning, said that the company was basing its planning on that assumption.
Russia and OPEC struck a deal late last year to...
Bulgaria is interested in buying natural gas from two Israeli gas fields, Tamar and Leviathan, the Bulgarian Minister of Energy Temenuzhka Petkova reiterated this week, noting that the final decision is dependent on finishing the Greece-Bulgaria Interconnector (IGB). It is a $280 million, 112-mile-long project set to link up...
The issue of approval of Russia’s Nord Stream 2 pipeline is still sitting stalled in the European Council – the body representing the 28 national governments of the EU, with little chance of approval coming anytime soon, Forbes reports.
The pipeline is meant to bring Russian natural gas directly to Germany...
