Wednesday, December 11, 2019
Russia expects to export a total of 2.4 million metric tons (mt) of the medium sweet ESPO Blend crude in September, down 11.11% from August, the latest monthly loading program shows, according to Platts. ESPO Blend’s September program runs from August 30 to October 1 and will comprise 24 cargoes...
Authorities in Uzbekistan have chosen a site for the construction of Uzbekistan’s first nuclear power plant, Russia’s Foreign Minister Sergey Lavrov said during a visit to the Central Asian nation last week. The plant may become the first of its kind in Central Asia. “Uzbek President Shavkat Mirziyoyev today expressed...
Poland’s gas transport operator Gaz-System and Denmark’s Energinet will have to make an additional agreement with Russia’s Gazprom on their joint project, Baltic Pipe gas conduit to reduce Poland’s dependence on Russian gas, Rossiyskaya Gazeta writes. The project is aimed at reducing the two countries’ reliance on Russian energy. But...
For years, Russia has worked to gain influence in Southeast Europe, using Serbia as a foothold to establish a friendly pocket on a hostile continent. The European Union finally is pushing back. European Commission President Jean-Claude Juncker is embarking on a seven-nation Balkans tour Sunday to promote the EU's new...
Ukraine and Moldova have stepped up their criticism of the Nord Stream 2 gas pipeline project – a Russian venture intended to bring Russian gas directly to Germany. Andriy Parubiy, the Ukrainian parliament speaker has said the real nature of the Nord Stream 2 pipeline project is far from being...
Russia should stick with output cuts even at the cost of losing market share in the medium term, and should avoid an oil price war against the United States, the head of Russia’s sovereign investment fund, RDIF has said according to Kommersant. Kiril Dmitriev, who is one of the main Russian...
United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting tough sanctions on companies involved in Russia’s Nord Stream 2 project would come in the “not too distant future,” the Financial Times reports. The gas pipeline project is criticized by the United States and several eastern...
Rosatom, Russia’s state-owned atomic energy corporation, has concluded a number of agreements on cooperation with China in the field of nuclear energy, Kommersant business daily reported. “Within the signed package of intergovernmental agreements in the nuclear area, framework contracts have also been concluded... for the construction of Tianwan NPP power...
One of the companies financing the controversial Russian Nord Stream 2 pipeline, Austria’s energy group OMV, is optimistic Denmark will approve the project next year and the new gas transport route will start operations in late 2019, RIA news agency reports. OMV’s chief executive Rainer Seele said in a telephone call...
The largest manufacturer of steel pipes for the oil and gas industry in Russia, TMK, has agreed on selling its U.S. branch IPSCO Tubulars Inc. for $1.2 billion to Italy’s Tenaris, RBC reported citing the companies’ press service. The sum does not include IPSCO’s funds and the debt, the size...