OPEC+ countries reached an agreement to continue executing the deal in full scope, with the next meeting of the ministerial monitoring committee to be held this November, Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 TV Channel, TASS reported.
"An agreement was reached on the outcomes...
The Middle East remains in the zone of strategic interests of Gazprom Neft as it is still interested in development on the market of the Iraqi Kurdistan, the Russian oil company said in a statement on Wednesday, TASS reported.
"Despite the COVID-19-related restrictions, we continued implementation of our projects in...
The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV.
The interview was published on Monday as ministers from OPEC+ countries...
Republican senators in the US have fired a barrage of criticism over a new State Department report that failed to include new entities as targets for sanctions over their participation in the Nord Stream 2 gas pipeline project, RT informed.
“The Biden administration is signaling it is willing to let...
Saudi Arabia and Russia, key parties of the OPEC+ deal, are reportedly willing to support a rollover of the alliance's oil production cuts for at least a month, as crude demand has not fully recovered from the coronavirus crisis, RT informed.
The Organization of the Petroleum Exporting Countries (OPEC) and...
The Russian government approved the draft general scheme for the development of the country's oil industry until 2035. The draft general scheme for the development of the gas industry in the Russian Federation for the same period was also approved.
The purpose of developing general schemes is to determine economically...
On the European markets, the cost of natural gas reached $ 360 per thousand cubic meters and continues to grow against the background of low reserves in underground gas storage facilities (UGS), Russian media reported.
During the summer, gas prices exceeded the February high by almost $100.
The cost of gas...
To preserve the operability of the gas transmission system, Ukraine needs to become a "gas hub" of Europe, the deputy of the Verkhovna Rada from the Servant of the People party, Yuri Kamelchuk, said.
After the start of operation of the Nord Stream-2 pipeline, a shortage of fuel may begin...
Ukraine needs the transit of Russian gas at least until 2024 when the agreement with Gazprom expires, said Sergei Makogon, General Director of the Ukrainian GTS Operator.
"We have no guarantees that the contract will be renewed. Therefore, we are negotiating with the US and Germany. We believe that the...
The Nord Stream 2 project will comply with all permits and technical standards, the press service of Nord Stream 2 AG stated.
The German Federal Network Agency (Bundesnetzagentur) on September 13 began considering an application for certification of Nord Stream 2 AG as an independent transport operator.
The company declined to comment...