The developer of the Nord Stream 2 gas pipeline said July 20 the investments needed to complete the 55 Bcm/year link could be blocked if the U.S. imposed sanctions against companies involved in the project, S&P Global informed.
In a hardening of its position against Russian energy export projects, the...
New megaprojects may allow Russia to grab up to 15 percent of the global liquefied natural gas (LNG) market by 2025, according to Russia’s Energy Minister Alexander Novak, Russia Today writes.
Russia has managed to more than quadruple its LNG exports since 2009, Novak said in an article for the...
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening of the OPEC+ production restrictions, Energy Minister Alexander Novak told reporters, TASS reported.
"No, we do not expect it, because the market is...
The Russian Fuel Union sent Prime Minister Mikhail Mishustin a letter about the difficult pricing situation in which independent gas stations found themselves, Interfax reports.
The union offered the head of government measures to normalize the situation and asked for help in resolving the issues raised, said the head of...
Russian Energy Minister Alexander Novak said on Thursday he expected global oil demand to recover significantly in August and improve to 10% below the levels seen prior to the coronavirus crisis, Reuters reported.
Novak said demand, which was at around 100 million barrels per day (bpd) before the pandemic, dropped...
Washington’s threat to impose sanctions against the Nord Stream 2 and the second line of the TurkStream gas pipeline projects within the framework of the Countering America's Adversaries Through Sanctions Act (CAATSA) is an undue pressure on the European business and unfair competition, Kremlin Spokesman Dmitry Peskov said on...
Gazprom stock plunged on Wednesday after the Russian energy giant reported its first quarterly loss in nearly five years as the coronavirus outbreak crippled gas demand and led to the devaluation of the ruble, Russia Today reported.
The supplier reported a net loss of 116 billion rubles (nearly $1.64 billion)...
The US sanctions Secretary of State Michael Pompeo warned about on Wednesday, are unlikely to seriously affect the TurkStream pipeline, Dmitry Marinchenko, head of the group for natural resources and commodities at Fitch, told TASS.
At the same time, these sanctions may create additional solvable difficulties for the implementation of...
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices, The Financial Times reported.
A 30 per cent fall in the value of the ruble during the first quarter of 2020 sparked by the oil price collapse compounded a...
