Tag Archives: Alexander Novak

Nord Stream 2 project envisages two pipelines that will be routed via the Baltic Sea.

The Yamal LNG project operated by JSC Yamal LNG is a joint-venture with Russia'.s largest independent natural gas producer NOVATEK.

The Ukrainian gas transportation system will be loaded in the next 5-10 years.

Kiev fears the loss of revenue from transit taxes. on top of being bypassed politically as well as physically by new gas pipes.

Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.

The United States holds a reserve of about 660 million barrels.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

Russia is ready to invest in crude exploration and production. as well as refining.

A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.