Energy

The gasification of municipalities in the Volgograd Region is progressing well, and will be finished by 2025, five years ahead of schedule for the nation as a whole, according to Vitaly Markelov, Deputy Chairman of Gazprom's Board of Directors. Markelov met with regional governor Andrei Bocharov on Thursday, according to...

Russia's government will shortly issue rules as part of the roadmap's execution, which calls for the free delivery of gas to residents' homes, with work on connecting gas at the site itself to be done at regulated costs, Deputy Prime Minister Alexander Novak, who is in charge of the...

The price of Russian Urals oil in Europe has increased by 1.5 times since the beginning of the year, to more than $74 a barrel, RIA reports. In absolute terms, the cost of this type of gasoline hit its highest level since October 2018 at the end of last week,...

The operator of the Nord Stream 2 gas pipeline has applied for accreditation as an independent operator of the gas transmission system (GTS) at the request of the German regulator, but the firm has stated that it would not modify or soften its position on modifications to the EU...

Russia is hoping for talks with the US about the construction of Nord Stream 2, and will proceed towards completing the venture with the EU partners, according to Dmitry Peskov, Russia Presidential Spokesperson, TASS informed. Peskov acknowledged that Russia has heard certain statements from US leaders that the opposing policy...

The second largest oil manufacturer in Russia, Lukoil has stated that the company's plans are petrochemical investments of $3 billion, TASS reports. Lukoil's head Vagit Alekperov announced the new investments as part of his speech at the launch of an isomerization unit at the NORSI oil refinery, which is part...

The Nord Stream 2 project is fully funded, and Gazprom is not going to raise additional funds for the project, said Famil Sadigov, deputy chairman of the Gazprom board, Russian media reported. At the same time, in the future, Gazprom will be able to place bonds for this project. "The project...

The European Union has no plans to restrict oil and gas supplies from Russia, said Josep Borrell, the Union's High Representative for Foreign Affairs and Security Policy. The EU could buy fuel from other countries, but it won't. Oil and gas supplies from Russia will decrease on their own due...

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...

Gazprom intends to finance the gasification program in 2021 by placing perpetual bonds for 150 billion rubles, said Famil Sadigov, deputy chairman of the Gazprom board. "This year, we will issue an additional 150 billion rubles to finance the gasification. That is, we will finance gasification, not at the expense...