Friday, 17.08.2018
Ukraine’s state gas company Naftogaz does not rule out that after 2019, it will lose revenue from the transit of Russian gas to Europe. However, the company’s top management is not discouraged by the situation, and plans to replace the lost revenue by the money from court claims against...
The start of several greenfield projects will help Russian oil producers boost crude production next year, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Monday, according to TASS. "In 2019, Russian oil companies have the potential to increase production through greenfield development. Incremental production of oil,...
In a major step toward declaring energy independence from Moscow, officials in Ukraine have announced that they have loaded a unit at one of their nuclear power plants entirely with fuel produced by Westinghouse Electric, Businesswire recently reported. While Ukraine’s nuclear industry is still scrambling under the yoke of the...
After the devastating Fukushima disaster in 2011, the global nuclear power industry suffered a devastating blow. The amount of electricity generated by nuclear power worldwide plunged 11% in two years and has not recovered since. Russia, one of the global leaders in nuclear technology, has succeeded in overcoming the...
The World Trade Organization(WTO) ruled largely against Russia in the country’s bid to overturn the European Union’s gas market rules, Reuters reports. The dispute was launched by Russia in 2014. The country claimed that the EU’s “Third Energy Package” and the EU’s energy policy overall unfairly restricted and discriminated against...
А Russia-led consortium created to build the controversial Nord Stream 2 pipeline said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state’s territorial waters, Lenta.ru reports. Denmark is facing a dilemma on whether the project can be...
The Russian economy is well prepared for new U.S. sanctions, and this will limit the influence of a new U.S. bill calling for the most drastic measures so far, such as a potential ban on dollar transactions involving state banks, analysts say. According to Platts, the new sanctions may accelerate...
The proposed U.S. bill to tighten sanctions against Russia could hit the country’s state nuclear company Rosatom, as it proposes extending restrictions on imports of low-enriched uranium (LEU) from Russia until 2031, Kommersant reported on Thursday. The move could affect a key market for the state nuclear corporation, as Rosatom’s...
A mine and production facility in a major copper-gold deposit, Peschanka, in Russia’s Chukotka, is scheduled to begin work 2022, the region’s Governor Roman Kopin told a news conference on Tuesday. "We shall see first investment in 2018, and the project to produce metal is due from 2022," he...
A deepening legal dispute between Gazprom and Ukraine’s Naftogaz forced the Russian gas giant to suspend its external borrowing program earlier this year over gas supplies, three banking sources told Reuters. In June, a London court froze Gazprom’s assets in Britain at the request of Naftogaz. The Ukrainian company was...