Monday, June 24, 2019
Russian oil company Lukoil and the country’s biggest private gas producer, Novatek, are among the 20 biggest large-cap value creators for shareholders, a new rating by the Boston Consulting Group (BCG) shows, according to Vedomosti. Lukoil came in 10th and Novatek took 20th place among 50 of the top companies,...
Russian energy firm Lukoil is looking at an opportunity to implement liquefied natural gas (LNG) projects in Cameroon, the company’s president Vagit Alekperov said at the annual meeting of shareholders on Thursday, according to Vedomosti. "Yes, we are planning new LNG projects but only outside Russia," Alekperov said. "Legislation allows only...
A senior Gazprom official said on Tuesday that the company will start talks on extending a deal to transit Russian gas across Ukraine to Europe after a new government is formed in Kiev, Reuters reported. The Russian state gas giant has been involved in difficult, EU-sponsored negotiations with Ukrainian...
Russia’s nuclear utility Rosenergoatom has said that the second unit of the Novovoronezh II nuclear power plant south of Moscow has gone into pilot commercial operation, Bellona reports. The reactor is a VVER-1200, the Russian nuclear industry’s flagship product as it seeks to expand its sales abroad. The new...
A criminal ring was uncovered last week by Russian police in the sales arm of diamond miner Alrosa, RIA Novosti reported. An Alrosa employee and two outside associates – one an intermediary and the other who sold the stolen goods – was uncovered by Russian police. The three ring...
The chairman of Russian oil company Gazprom Neft has said that Organization of Petroleum Exporting Countries (OPEC) and its partners should start increasing oil production to keep the market well supplied and prices reasonable, Reuters reported. Gazprom Neft’s Alexander Dyukov said a price range of between $55 and $65...
Russian and European firms are mulling investments in Lebanon's nascent oil and gas sector as it prepares to launch offshore drilling by the end of 2019, Energy Minister Nada Boustani told AFP in an interview. "Several big companies have visited Lebanon," she said. "We are talking about Gazprom (Russia), Lukoil...
Russian President Vladimir Putin has approved the government's proposal to support shale gas projects in Venezuela by Russia’s biggest oil company, Rosneft, Vesti Finance reports. The president signed a protocol on making amendments to the agreement with the country on cooperation in the sphere of implementing joint strategic projects. His...
Russia may resume gas supplies to Ukraine at a price which is 25% lower than the current one, Energy Minister Alexander Novak said at a briefing on the results of negotiations with the European Commission’s Vice President for Energy Union Maros Sefcovic, RIA reports. "We are ready to ensure...
Russia plans to capture about 20% of the global market by 2035, which would call for a fivefold increase in its liquefied natural gas (LNG) output, energy minister Alexander Novak told the Nikkei Asian Review. According to him, Russia envisions up to 70% of its LNG exports by then...