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...
In an interview with the German media organization Redaktionsnetzwerk Deutschland (RND) published on Saturday, Russia's Ambassador to Germany Sergei Nechayev expressed optimism that the Nord Stream 2 gas pipeline would be completed by the September 26 Bundestag election, but weather conditions would be crucial, according to TASS.
"I'm hoping it'll...
Russia's Ministry of Finance reported on Wednesday that the average price for domestic Urals oil benchmark was $62.50 per barrel in April, a 340 percent surge year over year, according to RT.
The ministry says that the average price for Russian export oil brand was $60.47 per barrel in the...
Due to the impending termination of their existing deals, a couple of Turkish private companies have begun negotiating an extension or renewal of their gas buying contracts with Gazprom, according to the Haber Turk TV channel. According to TASS, the problem is the purchase of 8 billion cubic meters...
According to the latest estimates released by the Federal Customs Service, Germany, the largest importer of Russian natural gas, doubled its imports of the pipeline fuel year over year in March 2021, RT reports.
Russian gas purchases surpassed 4.5 billion cubic meters, a significant increase of 66.3 percent over the...
According to data from the Russian Federal Customs Service, Germany, a traditional pioneer in European purchases of Russian pipeline gas, continued to aggressively increase the rate of Russian gas purchases in March 2021, TASS reports.
Germany boosted Gazprom's gas supply to 4.44 billion cubic meters in March, up 66.3 percent...
Russia’s crude oil exports decreased by 17.2% in January-April 2021 year-on-year to 71.57 mln tonnes, TASS reports citing the Central Dispatching Department of Fuel Energy Complex.
In April, crude oil exports fell by 16.4% to 18.64 mln tonnes.
Russia participates in the OPEC+ crude production cuts agreement, due to which supplies...
Crude oil prices got a major boost this week thanks to optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States, RT reports.
Brent jumped to over $68 per barrel, and West Texas Intermediate neared $65 per barrel by the middle of the week and could...
The volume of gas pumped through the TurkStream gas pipeline, commissioned in 2020, amounted to 13.51 bln cubic meters (bcm), Gazprom said in a report published on Thursday, TASS informed.
TurkStream is an export gas pipeline from Russia to Turkey through the Black Sea. The design capacity is 31.5 bcm...
Russia’s energy giant Novatek said on Wednesday it has inked 20-year agreements with the shareholders of its Arctic LNG 2 project on the sale and purchase of the entire volume of liquified natural gas, RT informed.
The LNG sales from the plant’s first liquefaction train are planned to commence in...
