Parvin Faghfouri Azar

Nord Stream 2 Construction to Wrap up Next Week

The Nord Stream 2 gas pipeline project will likely be completed this month, Rainer Seele, the head of the Austrian oil giant OMV, told the Russian Vedomosti newspaper. Asked when construction will be finished, Seele said “next week,” adding that gas could start flowing before the end of 2021. Kremlin …

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OPEC+ Raises Forecast for Oil Demands Next Year

The Organisation of the Petroleum Exporting Countries and allies, including Russia, collectively known as OPEC+, has raised its forecast for oil demand next year, in a move that might help to build a case for raising output. Brent crude for November delivery gained 18 cents, or 0.3 per cent to …

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Russia Prepares for First LNG-Fueled Icebreaker

Metals miner Nornickel said it will participate in the design and building of Russia’s first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region. Russia, which has a fleet of nuclear-powered icebreakers, has long considered LNG-powered icebreaking ships to develop …

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