Tag: Russia

Gazprom to deliver gas to China ahead of schedule

Gazprom to deliver gas to China ahead of schedule

Russia’s state-owned gas giant Gazprom will begin deliveries to China through the Power of Siberia pipeline as early as 1 December 2019, according to the chairman of the company’s management committee, Alexey Miller. The project was initially expected to begin transporting gas to China on 20 December 2019 and is […]

No plans to create new Russia-OPEC alliance

No plans to create new Russia-OPEC alliance

The Kremlin stated on Tuesday there are no substantial ongoing talks with regards to forming an alliance between Russia and OPEC. In December Russian Energy Minister Alexander Novak said it was un likely that OPEC and other oil producers would establish a joint structure as a result of the increased […]

France back EU stance on Nord Stream 2

France back EU stance on Nord Stream 2

Efforts from Brussels to regulate the Russian led Nord Stream 2 gas project have been bolstered by support from the French for proposed EU energy rules on the pipeline, despite German opposition. Although the proposal does not have the leverage to stop the pipeline, it could restructure the operation and […]

Russia looks to boost European market share

Russia looks to boost European market share

Russian energy giant Gazprom is looking to increase its 35% market share in Europe, as demand for natural gas increases and competitors expect lower production. Elena Burmistrova, Director General of Gazprom Export, said further opportunities come following a decline in North Sea production and the planned shutdown of the Groningen, […]

Russian output down, but misses January target

Russian output down, but misses January target

Russia’s oil production fell by 35,000 barrels per day from October 2018 levels to 11.38 million bpd, down from 11.45 million bpd in December, although missed its global deal commitments. Russian Energy Minister Alexander Novak said Russia’s total cuts would amount to 50,000 bpd between October 2018 and January of […]

Russia to defend its Venezuela assets

Russia to defend its Venezuela assets

Russia has stated that it will stand by Venezuela and will protect its assets in the country, which has received vast investment into its state-owned oil giant PDVSA in exchange for crude deliveries. Dmitry Peskov, spokesman for Russia’s President Vladimir Putin, said Russia will use “all mechanisms available to us” […]

Russia’s production cut must be gradual

Russia’s production cut must be gradual

Russian Energy Minister Alexander Novak has said weather and geological conditions mean the country cannot reduce its oil output too quickly, as he reiterated Moscow’s commitment to the new OPEC+ deal. Last week, Khalid al-Falih, the energy minister of Saudi Arabia and a key figure of OPEC, said Russia were […]

US warns German companies over Nord Stream 2 involvement

US warns German companies over Nord Stream 2 involvement

The US has warned German stakeholders in the Russian-led Nord Stream 2 pipeline that sanctions could be imposed on them if they continue their involvement in the project. US President Donald Trump has described Germany as being a “captive” of Russia as a result of its reliance on Moscow’s energy […]