Tag Archives: Gazprom

Gazprom to Pay 50 Million Euros Fine to Poland

The Polish antitrust regulator announced that they are fining Gazprom for refusing to cooperate in a case related to the construction of Nord Stream 2. The fine amounts to 50 million euros and is the largest possible, explained the Polish side. The investigation is related to the financing of the …

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Turkey is Looking 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 giant Gazprom for at least two weeks. According to Turkish state-owned Botas, cited by Interfax, the Turkish Stream pipeline will …

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Russia Aims for 15% of Global LNG Market by 2025

Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy. Since Russia began LNG exports in 2009 with the Sakhalin-2 project, …

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Russia Supplies First Shipment of Arctic Oil to China

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting to 144,000 tons of crude was delivered to Yantai port, the company announced. The tanker route from Murmansk to Yantai crosses the Arctic seas and three oceans, and …

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Arctic LNG Project Progresses despite COVID-19 Impact

Despite the impact of COVID-19, the implementation of the Arctic LNG 2 project has been progressing, Russia’s largest independent gas producer Novatek has said. “Currently, the overall progress for the Project is estimated at 19%, with concrete casting of the first GBS platform estimated to be completed by 37%,” Novatek …

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