Russia: Oil Markets Have Rebalanced
The global oil market is balanced and the current price of oil fully reflects this market situation, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian television Continue Reading
Russia’s Gazprom sees 2020 gas sales slide 8.1% after tumultuous year
Russia’s Gazprom saw its total gas sales dip by 8.1% in 2020 as the coronavirus pandemic hit demand — particularly in the second quarter — but strong growth in Q4 Continue Reading
Russian Oil Giant Rosneft Sees Profits Slide 79% In 2020
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss in the third quarter. Continue Reading
Gazprom Plans To Start Nord Stream 2 Gas Pipeline This Year
Russia’s gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Stream 2 this year, Russian news agency TASS reported on Thursday, quoting a presentation of a Gazprom Continue Reading
Russia says it is ready to cut EU ties if hit with painful sanctions
Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of Continue Reading
Rosneft Stake Becomes Headache For Oil Major BP
While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in Continue Reading
Germany urged to clarify stance over US Nord Stream 2 sanctions offer
A German environmentalist group said Feb. 9 the government should say whether its reported offer to the previous US administration to increase state support for LNG import infrastructure in return Continue Reading
US Signals Readiness To Discuss Lifting Of Nord Stream 2 Sanctions
The new U.S. Administration has signaled for the first time that it could be willing to discuss with Germany the lifting of the American sanctions on the Nord Stream 2 Continue Reading
Russia Says It May Go To Court Over Nord Stream 2 Sanctions
Russia could turn to a national or contract jurisdiction court to protect its interests against interference against the completion of the Russia-led Nord Stream 2 gas pipeline project, Dmitry Medvedev, Continue Reading
Russia’s Gazprom posts highest ever January gas sales in Europe, Turkey
Russia’s Gazprom said Feb. 1 its gas sales in Europe and Turkey rose to their highest ever level for the month of January, reaching 19.4 Bcm. Receive daily email alerts, Continue Reading