Liquefied natural gas, the share of which in the world market is on the rise, is becoming a key rival for Russia’s pipeline gas, Nezavisimaya Gazeta writes.
As the price of LNG is falling, foreign analysts warn that in the near future LNG would overtake the share of pipeline gas,...
Hungary’s minister without portfolio in charge of the Paks nuclear power plant project, Janos Suli, said on Wednesday that the plant’s two new blocks could be up and running around 2030, Hungary Today reports.
The minister said the cabinet is to submit the modified financing contract to lawmakers soon as...
The biggest shareholder in Russian mining and smelting giant Norilsk Nickel (Nornickel), Vladimir Potanin, said on Wednesday he may raise his stake in the Russian mining giant if the opportunity arises, Reuters reports.
The businessman currently owns 34.6% of the company, which is the world's largest palladium producer with a market...
The direction that the Russian economy will take will continue to depend on global oil prices, the chief executive of the Russian Direct Investment Fund (RDIF) has said, according to CNBC.
Kirill Dmitriev added however that the country’s alliance with major oil producer group OPEC (known as OPEC+) is “ready to act”...
Gazprom Neft reported mixed financials for the first nine months of this year, posting a marginal 2% increase in revenues to 1.87 trillion rubles ($29.2 billion) but also a third-quarter net profit decrease of 2.1% to 104.9 billion rubles ($1.64 billion) due to a decline in global oil prices,...
The second and final part of the first stage of the Trans-Anatolian Natural Gas Pipeline (TANAP) will be commissioned on November 30, Vedomosti writes citing Turkish media reports.
TANAP is the Turkish section of the Southern Gas Corridor, which is supposed to ensure gas supplies from Azerbaijan's Shah Deniz field...
Russia’s Norilsk Nickel (Nornickel) has laid out a plan to raise investment in projects boosting output which would result in reducing dividend payments after 2022, the mining giant’s Vice President has said, according to Reuters.
Sergey Dubovitsky was speaking to reporters at a briefing ahead of the Russian company’s capital...
Belarus expects to reduce gas prices from Russia next year, Sputnik Belarus quotes the words of Deputy Prime Minister Igor Lyashenko.
Earlier, Belarus noted that they consider a fair price for gas in the Smolensk region, Radio Sputnik reported.
"There are multi-level negotiations, the heads of state indicated what the strategy...
The Polish state gas company PGNiG said Friday it has notified Russia’s Gazprom that it will not extend a long-term deal on gas imports when it expires in three years, Finam.ru reported.
The announcement comes as Poland has been working to reduce its dependence on Russian energy sources, which Moscow...
One of the most influential industry groups in Russia, the Russian Union of Industrialists and Entrepreneurs (RSPP) is defying global warnings over climate change, saying that the country should boost its oil & gas sales instead of curbing fossil fuels production, The Moscow Times reports.
“We have to maximize our...
