Friday, July 30, 2021
Rolf Mutzenich, the head of the Social Democratic Party of Germany's (SPD) group in the Bundestag, told the Redaktionsnetzwerk Deutschland editorial board that the Nord Stream 2 gas pipeline should be built and put into use as quickly as possible. The US and Germany achieved a deal on the Nord...
To preserve the operability of the gas transmission system, Ukraine needs to become a "gas hub" of Europe, the deputy of the Verkhovna Rada from the Servant of the People party, Yuri Kamelchuk, said. After the start of operation of the Nord Stream-2 pipeline, a shortage of fuel may begin...
Nobody offered Ukraine to buy Russian gas, Gazprom said, commenting a statement by Yuriy Vitrenko, chairman of the board of Naftogaz Ukrainy, on this issue, Russian media informed. "Alexei Miller's (Chairman of the Board of Gazprom) comments are addressed to our partners from the EU countries, primarily German ones," Gazprom...
The Russian oil company Lukoil has discussed a partial sale of its investment in West Qurna 2 with Iraqi officials, but the Oil Ministry of Iraq has urged that Lukoil continue to participate in the project, according to Vagit Alekperov, President of the Russian oil major. "We informed of...
Moscow has never used energy as a "weapon" or a tool of pressure, and the manner of the Nord Stream 2 deal between Germany and the US is unacceptable, Russian Ambassador to Germany Sergey Nechaev said on Thursday. "We are quite shocked by the substance and tone of the Joint...
Global oil prices are falling - September Brent futures fell in price on the London ICE Futures by $0.44 (-0.63%) to $68.91 per barrel. The Brent fell in price by $0.73 (-1.1%) to $ 69.35 per barrel, Russian media reported. September futures for WTI fell in price on the New...
The constriction of the oil market as a result of global climate policy tightening would raise the proportion of OPEC nations in the global market from the present around 30 percent to 70-80 percent, Lukoil Vice-President for Strategic Development Leonid Fedun told reporters on Monday. "In general, we do not...
Beginning in August 2021, OPEC+ members will raise oil output by 400,000 barrels per day each month, according to Vedomosti. Beginning in May 2022, production quotas for five OPEC+ nations (Russia, Saudi Arabia, the United Arab Emirates, Kuwait, and Iraq) will be raised. According to these agreements, OPEC+ countries will...
Negotiation process on the Nord Stream 2 gas pipeline project between Germany and the United States have progressed, according to German Foreign Minister Heiko Maas, Sputnik News reports. The minister did not say if a compromise on the issue might be expected during the talks between United States President Joe Biden...
Russia must prepare itself for significant income losses as a result of a worldwide drive toward renewable energy and a corresponding drop in demand for fossil fuels, said Finance Minister Anton Siluanov in an interview with Bloomberg.  The growing proportion of renewables in the global energy market, along with carbon...

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