Russia’s Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial support, The Daily Times reported.
The long list of lenders includes Chinese and Japanese banks as well as European credit...
The prime ministers of eastern German regions unanimously spoke in favor of completing the Nord Stream 2 project in a document appointed in the wake of their meeting in Berlin, TASS reports.
The meeting brought together heads of six German states - Berlin, Brandenburg, Mecklenburg-Vorpommern, Saxony, Saxony-Anhalt and Thuringia.
"The project...
Russian Energy Minister Alexander Novak in his opening remarks to an OPEC+ panel online meeting on Thursday urged participants in the group’s oil reduction pact to fully comply with their promised cuts, Reuters reported.
He also said that the monitoring panel should discuss the impact of the coronavirus crisis as...
The OPEC+ coalition saw its overall compliance rate with the production cuts at around 101 percent in August, three sources in the group told Reuters.
On Wednesday, OPEC+ panels start their monthly two-day meeting to take stock of the most recent oil market developments, RT reported.
The technical panel will meet...
The German government offered a billion-euro deal to the US in exchange for Washington’s rejection of sanctions against the Nord Stream 2 pipeline project, Die Zeit newspaper reported Wednesday, TASS informed.
According to the newspaper’s sources, Berlin expressed readiness to invest one billion euro in construction of two LNG terminals...
President Vladimir Putin announced that he would instruct the government to deliver on the idea of appointing Gazprom as the single operator of gas supply and gasification programs, he said on Wednesday at a meeting with the head of Gazprom, Alexei Miller, TASS writes.
"Okay, let me instruct the government...
By the end of 2020, Russia’s state space corporation Roscosmos will sign a contract to design the Nuklon space complex, which includes a space tug fitted with a nuclear reactor, said Alexander Bloshenko, the director of advanced programs and science at Roscosmos, TASS reported.
"The contract for preliminary design of...
The decline in oil prices, which occurs amid weakened demand and fears of a second wave of the coronavirus, will affect Russia’s oil and gas revenues, TASS writes.
According to the Finance Ministry, from October 1, the export duty on oil will decrease by $2.1 to $45.4 per tonne. However,...
Russia's Gazprom has reduced its natural gas exports to the region of Southeast Europe (SEE) by 23.5% year-on-year to 4.727 billion cubic meters in the first half of 2020, company data shows, SEE News reported.
Moldova was the largest importer of natural gas from Gazprom among SEE countries in the...
The peninsula is located in a seismically active zone of the Pacific, known as the Ring of Fire and regularly suffers from powerful earthquakes, Sputnik News reported.
An earthquake of 6.2 magnitude struck Russia's Kamchatka peninsula, according to the German Research Centre for Geosciences. The epicentre of the quake was...
