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Russian oil behemoth Rosneft PJSC promised record dividends on the back of soaring prices, but some foreign investors may struggle to access the payout. The board recommended 23.63 rubles a share for the second half of 2021, bringing full-year dividends to an all-time high of 41.66 rubles. That follows an …

Denmark could be the next country cut off from Russian natural gas as its biggest utility is refusing to cave in and make payments in rubles. Orsted A/S is preparing for Gazprom PJSC to cut off one of Denmark’s biggest sources of the fuel, the firm said in a statement …

European diplomats were pushing for a deal on stopping Russian oil imports on Monday, with leaders poised to back down to Hungary in a stand-off over sanctions when they assemble for a two-day summit on the fallout of the war in Ukraine. A proposal circulated among European Union diplomats would …

Russia’s Gazprom has resumed shipping natural gas to Turkey after completing planned maintenance on the undersea Blue Stream gas pipeline, the Interfax news agency reported on Monday.

Russia is constructing a way to pay its Eurobond debt that would sidestep the western financial infrastructure, now mostly off-limits because of the Ukraine war, Finance Minister Anton Siluanov was cited as saying in an interview with Vedomosti. Foreign investors can open accounts in Russian banks in rubles and hard …

French Foreign Ministry has called on authorities of the Islamic Republic to release the two seized Greek tankers in the waters of the Persian Gulf. Iran’s seizure of two Greek-flagged oil tankers in Gulf waters is a “violation of international law”, France’s foreign ministry claimed in a statement on Sunday, …

Prime Minister Pedro Sánchez will call for more ambition to implement the reform of the European electricity markets and reduce energy bills on Monday and Tuesday at the EU summit in Brussels, Spanish official sources told EURACTIV’s partner EFE. Sánchez, together with other EU leaders, will participate in the extraordinary …

The world’s first liquefied natural gas (LNG)-powered support vessels equipped with four sets of intelligent systems were delivered in Nantong City, Jiangsu Province on Saturday. The shipbuilder told China Media Group (CMG) that the vessels were solely designed and built in China, marking a milestone the country’s green and digital …

Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres (mcm), up from 43.96 mcm on Saturday. An application to supply gas via another major entry point, Sokhranovka, was rejected by Ukraine, Gazprom said.

The coming 18 months will see the next two UN climate change conferences take place in the Middle East, with Cop 27 in Sharm el-Sheikh, Egypt, in November 2022 and Cop 28 in Abu Dhabi in November 2023. The events highlight the region’s commitment to decarbonisation and sustainable development, and …