Thursday, October 17, 2019
Russian state-owned oil company Rosneft is taking its partners from a consortium implementing the Sakhalin-1 offshore project to the court, seeking more than 89 billion rubles ($1.3 billion) for their alleged “unjust enrichment,” Interfax reported. The claim also contains an additional 7 billion rubles ($110.9 million) wanted from Rosneft for...
Russia's first floating nuclear power plant has reached the Arctic port town of Pevek, its final destination in the country's remote Far East after a three-week, 5,000-kilometer journey, AFP reported. On Saturday, Russia's state nuclear energy company Rosatom announced the arrival of the nuclear power plant, which raised concerns from environmental activists,...
Moscow is ready to have consultations with Kiev to preserve the gas transit from Russia to the European Union via Ukraine after the Nord Stream 2 gas pipeline is put into operation, Russia’s foreign minister Sergei Lavrov has said. Speaking at a news conference in Moscow after his meeting with...
The Russian stock market and the country’s economy, in general, are at highest risk from changes in global climate policy changes, according to investment management company Morningstar’s Carbon Metrics. Russia, with nearly 60% of its market cap in energy stocks, has the world's highest level of the so-called Carbon Risk,...
Earlier this year, American energy giant ExxonMobil was forced to withdraw from some joint projects with Russian oil giant Rosneft due to U.S. sanctions on Russia. But despite the setback, the U.S. supermajor is proceeding with a $15-billion liquefied natural gas (LNG) project that is unaffected by the sanctions,...
In a move seen as defiance of U.S. sanctions against North Korea, Russia has resumed coal supplies through the Far Eastern country’s port of Rajin, RBC reported on Wednesday, citing Interfax news agency. In the past, Rajin has been a transit point for Russian coal exports to South Korea. According...
Possible U.S. sanctions against Switzerland’s Allseas and Italy’s Saipem - the companies constructing Russian offshore gas pipelines - will not affect Russia’s Nord Stream 2 project, analysts speaking to daily newspaper Izvestia say. On Tuesday, U.S. senators have come up with a bill imposing restrictions on individuals and companies involved...
Russia’s Amur Minerals Corporation announced last week that it has appointed Thomas Bowens, a veteran Far East miner, to the board as a non-executive director, Mining Capital reported. Bowens is the President and CEO of IG Copper, a company he founded in 2009 and that sold the Malmyzh copper-gold project to...
Disputes over energy supply to Europe cannot be solved by sanctions, so the U.S. imposing measures against Russia’s Nord Stream 2 pipeline project would be the wrong way to handle the matter, Germany’s Foreign Minister Heiko Maas has said, according to Reuters. "Matters related to the European energy policy...
Moldova is not ready for the possible end of Russian gas transit via the territory of Ukraine, because it does not have funds to create an alternative pipeline, President Igor Dodon said in an interview with NTV-Moldova on Tuesday, according to NewsMaker. Commenting on the proposed Chisinau-Ungheni project, a...