Thursday, November 26, 2020
Rosatom plans updating the floating nuclear power plant (FNPP) design so that it will be capable to operate in Arctic or in tropical zones, First Deputy CEO of the Russian state-run corporation Kirill Komarov says at a press conference on Friday, TASS informs. "We are currently working on a new...
The German Eastern Business Association (OAOEV) has called on the US to abandon sanctions against the companies involved in the construction of the Nord Stream 2 gas pipeline, the Handelsblatt newspaper reported on Friday, TASS reports. The newspaper cites the letter OAOEV sent to Speaker of the US House of...
Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year, Reuters reported. Saudi Arabia, which was China’s top supplier last year,...
The OPEC+ ministerial monitoring committee that will meet on Tuesday, November 17, will consider four scenarios of developments on the oil market in 2021 with various options of crude production cuts, according to a report of the OPEC+ technical committee obtained by TASS. Two scenarios suggest that the oil production...
The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions, RT reported. From Thursday, overseas investors will be able to trade copper futures on the Shanghai...
Despite being technically bankrupt, Iran is nearing completion of South Pars Phase 11, one of the world’s largest new natural gas developments, RT reports. The net present value of Iran’s supergiant South Pars natural gas field has jumped from an estimated $116 billion at this point last year to $135...
Washington has reached an agreement to include additional sanctions against Russia’s natural gas pipeline to Germany in a must-pass defense bill, Bloomberg reported on Wednesday, citing sources familiar with the issue, RT writes. According to the report, the fresh sanctions against Gazprom’s Nord Stream 2 pipeline would target insurance and...
Shell, OMV, Uniper, Engie and Wintershall have filed appeals against the decision made in October 2020 by Poland’s anti-monopoly regulator UOKIK on termination of loan agreements on the Nord Stream 2 gas pipeline project and imposing fines on project participants, the European energy companies told TASS. "OMV has appealed against the...
Russia’s current portfolio of nuclear contracts totals around $100 bln, candidate for the post of Russian Deputy Prime Minister Alexander Novak said at a meeting of the State Duma’s energy committee on Monday, as reported by TASS. " is our competitive advantage in the global energy, and we support development...
President of Belarus Alexander Lukashenko proposed Rosatom CEO Alexey Likhachev to create a subsidiary of the Russian state corporation in Belarus, he said on Saturday visiting BelNPP, TASS informed. "Alexander Lukashenko discussed the prospects for cooperation with the Russian side in the field of nuclear energy with the Director General...