Monday, September 28, 2020
Lukoil is designing a polypropylene plant with the capacity up to 500,000 tonnes of processed feedstock per year at its refinery in Kstovo, the Nizhniy Novgorod Region, the Russian oil producer told TASS on Tuesday. "The plant construction can be initiated after design completion and the final investment decision taking...
Moscow is hoping that the German government will remain committed to implementation of Nord Stream 2, a major gas pipeline project, Russian Ambassador to Germany Sergei Nechayev said in an interview with Germany’s Berliner Zeitung late on Tuesday, TASS reported. "It adheres to all European regulations and obtained all...
Pumping gas through the Power of Siberia pipeline, which supplies gas to Russian consumers in the Far East and China, resumed on Tuesday after scheduled maintenance work, Gazprom said. "Scheduled maintenance work on the Power of Siberia gas pipeline has been completed. Gas transportation, as planned, has been resumed today...
Gas contributes only a fraction of Germany’s energy consumption, and Russian gas only a fraction of that, so it is wrong to say that the Nord Stream 2 pipeline will make Germany dependent on Russian energy, Finance Minister Olaf Scholz said, as reported by Reuters. Asked about the flagship Kremlin...
Belarus will channel about $330 million of its new loan from Russia to cover its outstanding debt to Russian gas giant Gazprom, Russian Finance Minister Anton Siluanov said, Reuters reported citing TASS. Russia will send Belarus the first $1 billion tranche of a $1.5 billion loan by the end of...
Russia’s Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial support, The Daily Times reported. The long list of lenders includes Chinese and Japanese banks as well as European credit...
The prime ministers of eastern German regions unanimously spoke in favor of completing the Nord Stream 2 project in a document appointed in the wake of their meeting in Berlin, TASS reports. The meeting brought together heads of six German states - Berlin, Brandenburg, Mecklenburg-Vorpommern, Saxony, Saxony-Anhalt and Thuringia. "The project...
Russian Energy Minister Alexander Novak in his opening remarks to an OPEC+ panel online meeting on Thursday urged participants in the group’s oil reduction pact to fully comply with their promised cuts, Reuters reported. He also said that the monitoring panel should discuss the impact of the coronavirus crisis as...
The OPEC+ coalition saw its overall compliance rate with the production cuts at around 101 percent in August, three sources in the group told Reuters. On Wednesday, OPEC+ panels start their monthly two-day meeting to take stock of the most recent oil market developments, RT reported. The technical panel will meet...
The German government offered a billion-euro deal to the US in exchange for Washington’s rejection of sanctions against the Nord Stream 2 pipeline project, Die Zeit newspaper reported Wednesday, TASS informed. According to the newspaper’s sources, Berlin expressed readiness to invest one billion euro in construction of two LNG terminals...