Sunday, August 25, 2019
Russian energy giant Gazprom will be allowed to sell up to 25 billion cubic meters of gas per year at unregulated prices, after the Russian government approved a 40% increase in the company’s quota for natural gas sales through exchange trading, Vedomosti reports.  The government decree also canceled the parity...
The state-run oil firm of Venezuela, PDVSA, has paid off nearly $700 million of its debt to Russia’s largest oil producer Rosneft, which is now down to $1.1 billion, the Russian company said on Wednesday, according to Interfax.  According to Rosneft’s Q2 results presentation published on Thursday, as of March...
Russia's Rosatom and China's CNNC are among seven companies which filed applications for investing in Bulgaria’s twin-reactor, $11 billion Belene nuclear power plant project, the country’s energy minister has said, according to RFE/RL. Plans to build the Belene power plant were scrapped in 2012, but Sofia was forced to reconsider...
Moldova is wary of possible gas supply disruptions if Russia’s Gazprom doesn’t reach an agreement with Ukraine until December 31 and is looking for a solution, Kommersant wrote on Tuesday.  One answer for Chisinau may be pumping gas through Gazprom new TurkStream pipeline, but then it would be necessary to...
Bulgaria’s prime minister Boyko Borissov has said that the Trans-Caspian gas route was not an option due to environmental issues, aligning with Russia and Iran in opposition to the EU-proposed pipeline, DW in Bulgarian reported. Plans for construction of a pipeline across the Caspian Sea have been on the drawing...
Four months after oil contamination on Russia’s Druzhba pipeline caused a serious disruption of flows to Europe, the country is continuing to address the consequences of the long-reaching crisis, Reuters wrote last week. The CEO of Russia’s oil pipeline operator Transneft said on Monday at a meeting with Prime Minister Dmitry Medvedev...
As Moscow aims to turn natural gas into a commodity that can be sold anywhere, like oil, Russia’s production of liquefied natural gas (LNG) has soared in the past year, bne Intellinews reports. Russia has been investing heavily into LNG production through the vehicle of privately owned LNG producer Novatek....
The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year, Oil and Gas Middle East reports. According to Rystad Energy, the Middle Eastern region will produce over 730bn cubic metres of gas...
Russian diamond mining giant Alrosa has named the largest pink diamond ever discovered and produced in Russia, “Spirit of the Rose,” after a legendary short ballet of the same name, Vesti.ru reports. The gem was created from a 27.85-carat clear pink rough diamond unearthed two years ago from the Alrosa-owned...
The trilateral Ukraine-EU-Russia talks on gas transit, scheduled for September 16, will take place after the formation of a new government and the composition of a delegation, the president's representative in the Ukrainian Cabinet of Ministers, Andriy Gerus, has said, according to Ukrinform. “We are in favor of extending this...