DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord Stream 2 to avoid sanctions under the Continue Reading
Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the Continue Reading
The makers of Russia’s flagship Covid-19 vaccine said on Tuesday that interim results from phase 3 trials showed efficacy rates of “above 95 percent”, overperforming some of the most effective Continue Reading
The daily toll of Covid-19 deaths in Russia exceeded 500 for the first time as the rise in infections across the country puts increasing strain on hospitals and medical staff Continue Reading
Oftentimes the most interesting and challenging moments in life come when you least need them. Nowhere is it truer than with Russia’s eternal uphill battle to tap into its vast Continue Reading
Perspectives from Eastern Europe and particularly Russia are so far underrepresented in degrowth debates. Translated from its original Russian, the piece below showcases an interview with a prominent British-Russian academic, Continue Reading
Russia is planning a major foray into LNG that needs to be completed by 2030, while LNG projects are still profitable. This is not a rumor circulating the Kremlin corridors Continue Reading
Siberia has experienced unusually high temperatures during the six-month period from May to October this year – more than 3C above average – to make 2020 one of the warmest Continue Reading
Moscow, Russia has launched its 500 th electric bus—a KAMAZ 6282 electric bus. The KAMAZ 6282 uses lithium-titanate batteries, and has a range of 70 km on one charge. The Continue Reading
With the announcement last week that the president of Russian state oil proxy Lukoil, Vagit Alekperov, met one-to-one with Iraq’s Prime Minister, Mustafa al-Kadhimi, and its Oil Minister, Ihsan Abdul Continue Reading
Russia is not ready to discuss changes to the ongoing OPEC+ oil production cuts before the Joint Ministerial Monitoring Committee (JMMC) next week, Russia’s top oil diplomat Alexander Novak told Continue Reading
Russia’s Sputnik V vaccine is 92% effective at protecting people from COVID-19 according to interim trial results, the country’s sovereign wealth fund said on Wednesday, as Moscow rushes to keep Continue Reading
Alexander Novak is being promoted to deputy prime minister and will no longer be Russia’s energy minister, but he is expected to continue being Russia’s key contact in talks with Continue Reading
Russian refineries are coming out of their autumn maintenance programs but are expected to continue running at reduced throughput on poor economics. Receive daily email alerts, subscriber notes & personalize Continue Reading
Russia’s ruble headed for its biggest gain in a month as traders returned after a public holiday, catching up with a spike in oil above $40 per barrel and an Continue Reading
One video shows bodies in plastic bags stacked in the basement of a hospital in the Siberian city of Barnaul after a morgue overflowed. “Well, this is how it is,” Continue Reading
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews. Continue Reading
Russian president Vladimir Putin Oct. 26 approved the strategy for developing Russia’s Arctic zone and ensuring national security up to 2035. Not registered? Receive daily email alerts, subscriber notes & Continue Reading
Analysts expect sanctions to continue to dominate US-Russia energy links after the November election, with some forecasting that a Joe Biden administration could be more likely to drive an improvement Continue Reading
Higher taxes imposed on Russia’s energy sector could make prolonged output curbs by OPEC and allied producers easier to stomach for Moscow’s energy majors. FILE PHOTO: Full moon rises over Continue Reading
Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing Director of Lukoil Mid-East, told Continue Reading
It’s Friday night in Moscow, and popular bars and restaurants in the city center are packed. No one except the staff is wearing a mask or bothers to keep their Continue Reading
Vasily Maximov/Agence France-Presse — Getty Images The European Union is preparing to impose financial sanctions on six high-ranking Russian officials from the Defense Ministry, domestic spy service and the Kremlin Continue Reading
European Union foreign ministers backed a Franco-German plan on Monday to impose sanctions on Russians suspected of poisoning Kremlin critic Alexei Navalny with a nerve agent, diplomats said. FILE PHOTO: Continue Reading
Russian gas giant Gazprom doesn’t see the glut in Europe’s natural gas market going away soon, with oversupply extending well into 2021. “The majority of challenges and threats are still Continue Reading
Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut Continue Reading
The Chinese economic growth miracle is disrupting the global balance of power. President Trump’s trade war with China was the latest manifestation of Washington’s effort to pivot to the east, Continue Reading
Russian gas supplies to Europe dipped in September, with exports dropping back to total 10.52 Bcm, an analysis of data from S&P Global Platts Analytics showed Oct. 5. Receive daily Continue Reading
Constrained by the OPEC+ production cuts and the necessity to balance its 2020 federal budget, Russia has started to play with one of the most dangerous policy instruments it has Continue Reading
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, Interfax Continue Reading
Moscow may reinstate tough measures if its 13 million population ignores COVID-19 protection rules, its mayor Sergei Sobyanin said on Thursday after the Russian capital started to record increases in Continue Reading
Russia produced 40.65 million mt of crude and condensate in September, equivalent to around 9.93 million b/d, according to preliminary data released by the central dispatching unit of the Russian Continue Reading
Russia’s Kremlin-controlled oil company has warned that BP and Royal Dutch Shell are creating an “existential crisis” for oil supplies that will lead to higher prices, attacking their shift towards Continue Reading
Russia expects a long and gradual revival of the oil market after the pandemic this year crushed energy demand across the world. “The recovery won’t be fast, it will take quite Continue Reading
Russia has the world’s fourth-highest number of Covid-19 infections but government data had shown a steady decrease in new cases since they peaked in mid-May. That decline had encouraged the Kremlin Continue Reading
In recent years, Russia and China have been facing off to spread their nuclear power dominion to a new, huge, and vastly untapped market: Africa. The two nuclear power giants Continue Reading
FILE PHOTO: Alexander Dyukov, the head of Gazprom Neft, talks to the media as he leaves after a meeting of Russian Energy Minister Alexander Novak with country’s oil companies in Continue Reading
Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. “Reserves accumulated Continue Reading
Gazprom chairman Alexey Miller told Russian president Vladimir Putin in a working meeting that design and survey work on the 50 billion cu m/year Power of Siberia 2 natural gas Continue Reading
Wildfires in Siberia have been releasing record amounts of greenhouse gases, scientists say, contributing to global warming. The fires, fuelled by abnormally high temperatures, have been burning as far north Continue Reading
Russia’s finance ministry is hoping to pass a law amending the excess profit tax for oil fields as early as this fall, despite open opposition from oil companies warning of Continue Reading
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports . That scenario, Continue Reading
Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom Continue Reading
Russian gas producer and LNG exporter Novatek is looking into the viability of commercial hydrogen production from methane, its CFO Mark Gyetvay said Sept. 8. Receive daily email alerts, subscriber Continue Reading
The OPEC+ deal, concluded in April amid falling global demand, may lead to a double-digit decline in Russian crude oil production for the first time in more than 25 years. Continue Reading
Russia complied nearly 100 percent with its share of oil production cuts in August as per the OPEC+ deal, Russian Energy Minister Alexander Novak said on Monday. Independent assessments about Continue Reading
London — Receive daily email alerts, subscriber notes & personalize your experience. Register Now Domestic deliveries of crude oil to Russian refineries are set at 19.155 million mt in September, Continue Reading
Chancellor Angela Merkel does not rule out the possibility of sanctioning a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic Continue Reading
Germany has raised the stakes further regarding its position on the almost complete Nord Stream 2 gas pipeline from Russia following the poisoning of Russian politician Alexei Navalny. Not registered? Continue Reading
Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster Alexander Novak. That would be an Continue Reading
