Friday, 14.12.2018
French oil and gas group Total, which partners with Russia’s Novatek in the Yamal LNG project, believes there is enough demand on the spot market for liquefied natural gas from the Russian Arctic plant, Total’s chief executive said on Tuesday, according to Reuters. This week, Yamal LNG has expanded...
The United States has stepped up its efforts to block Russia’s Nord Stream 2 project, adding legal action to diplomacy against the controversial gas pipeline, Bloomberg reports. On Tuesday, the U.S. House of Representatives has condemned the Russian-backed Nord Stream 2, saying the undersea project will increase Russian control over Europe’s...
Russia’s government has given state-owned gas company Gazprom permission to sell liquefied natural gas (LNG) produced in the country without any pricing restrictions, Upstream Online reports. The Federal Antimonopoly Service of Russia (FAS) notes that government regulation did not take into account Gazprom’s expenses for the gas liquefaction technology itself, as...
Russia hopes its state nuclear corporation Rosatom will be invited to participate in the construction of a new unit in a power plant in the Czech Republic, Industry and Trade Minister Denis Manturov has said, according to TASS news agency. "We did not discuss this topic today, although it is always...
The head of Serbia’s national gas monopoly Srbijagas said he hopes the construction of the country’s section of the TurkStream pipeline for transit of Russian natural gas to Europe will begin in March next year, Danas reports. "Srbijagas is already in contacts with companies which build 1,000 km of pipelines annually and the...
Russia’s energy minister Alexander Novak said on Tuesday that his country plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bpd) in January, Reuters reports. The figure is much below Russia’s 228,000 bpd target under a global production deal Russia reached with OPEC and other...
Russian Prime Minister Dmitry Medvedev has signed a decree on submitting a bill to the State Duma (lower house of Russia’s Parliament), expanding the powers of state nuclear power corporation Rosatom, RIA news agency reported. The document was published on the government website on Saturday. "At the moment, agreements have...
Oil prices slipped on Monday after OPEC and Russia agreed in Vienna on Friday to curb output by 1.2 million barrels per day compared to October levels, Investing.com reports. The decision to curb output starting in January quickly boosted prices, but last week’s strong gains were erased on Monday on...
Russian Mining Company Kuzbassbelavto (KBA) has signed a cooperation deal with China’s leading construction machinery manufacturer XCMG, the two companies said in a statement on Monday. The deal will result in $100 million worth of agreements in mining equipment and solutions, the statement read. "With the support of global dealers, suppliers and...
The construction of the Nord Stream-2 gas pipeline is proceeding according to an agreed schedule, Russian energy giant Gazprom’s chairman of the board of directors said Friday, according to News.ru. "It's going fine ... everything is going according to the schedule that has been agreed upon," Viktor Zubkov was quoted...