Russia’s Central Bank Against Copying Mexican Oil Hedge
Russia’s central bank doesn’t think that copying the Mexican oil hedge is a good idea, the Governor of Bank of Russia, Elvira Nabiullina said at a news conference on Friday, Continue Reading
Russian Gas Giant Gazprom To Start Producing Clean Hydrogen
Russia’s gas giant Gazprom will start producing “clean”, that is, zero-emission, hydrogen beginning in 2024 under a new government plan to develop a hydrogen economy. The plan sees Gazprom building Continue Reading
Russia’s Novatek ships first LNG cargo to Japan eastbound via Northern Sea Route
Russian LNG producer Novatek said July 24 it had shipped its first cargo from the Yamal LNG project to Japan eastbound via the Northern Sea Route, giving the company scope Continue Reading
Russia’s Permafrost Is Melting and Its Farmers Are Cashing In
Just below the Arctic tundra, in the vast plains that blanket much of northern Russia, a once-unthinkable business is taking hold: soybean farming. It’s the result of years of rising global Continue Reading
Turkey Moves To Reduce Reliance On Russian Gas
Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas Continue Reading
Russia Considers Emulating The World’s Largest Oil Hedge
Russia is considering whether to adopt a kind of state oil hedging program, similar to Mexico’s oil hedge, to protect government revenues from oil price crashes in the future, Russian Continue Reading
Russia Mulls Military Spending Cuts As Low Oil Prices Weigh On Economy
Struggling with a recession amid low oil prices and measures to curb the pandemic, Russia is mulling over cutting its military budget by 5 percent between 2021 and 2023, recommendations Continue Reading
Russia reports almost 6,000 new coronavirus cases
Russia reported 5,940 new cases of the novel coronavirus on Monday, pushing its total infection tally to 777,486, the fourth largest in the world. In a daily readout, officials said Continue Reading
Russian Oligarchs At War Over LNG
While Shell’s ~$17-billion Australian LNG project, Prelude, hasn’t produced since February after shipping its first product in June 2019 and no one knows when it will be restored due to Continue Reading
Russia Incomes Plunged Most Since 1998 as Virus Rocked Economy
Russian incomes in the second quarter plunged by the most since the country’s 1998 default as the economy of the world’s biggest energy exporter took a double blow from the Continue Reading