Tag Archives: Russia Today

A severe winter in Europe would likely mean natural gas prices will continue to rise higher, adding to the continent’s energy woes, according to Dea Mario Mehren, chief executive of natural gas and crude oil company Wintershall. “Prices might go up if the winter is very tough,” Mehren said during …

Beijing has called for an immediate expansion of coal production in Inner Mongolia by nearly 100 million tons, Reuters reports. This comes amid a global energy crunch and coal shortages in the country. The proposed increase would reportedly make up nearly 3% of China’s total thermal coal consumption. The 72 …

Russia has been gradually increasing gas deliveries to Europe over the past nine months, boosting exports by 15% compared to last year and edging toward record gas deliveries via all routes, including Ukraine, Gazprom Export says. According to company CEO Elena Burmistrova, from January to September this year Russia’s state …

The start of operations by the Nord Stream 2 gas pipeline in the fourth quarter of this year could drive natural gas prices in Europe down to their lowest levels, Saxo Bank forecasts. On Monday, Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, announced the …

Russia’s reserves of natural gas could run low in 70 years at the current production level, while oil reserves should last about 30 years, geological firm Rosgeo estimates show. “Over the past 25 years there have been ten times fewer new reserves discovered than in the previous 25 years, with …

Poland’s energy company PGNiG will not have the right to veto the certification of Russia’s Nord Stream 2 gas pipeline, says German energy regulator Bundesnetzagentur (BNetzA). The Warsaw-based firm, however, will get an opportunity to muster the arguments during certification proceedings of the widely-debated pipeline, the watchdog said as quoted …

Ankara is discussing new contracts for gas supplies with a number of countries, including Russia, Turkish Deputy Energy Minister revealed on Tuesday. “This year will be very difficult for all of us. But we are on good terms with our current suppliers, such as Azerbaijan and Russia. We are discussing …

The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. From January to August, China imported 346.36 million tons of oil, which is 5.7% less …

Rising gas prices will force European countries to restrain their ambitions to phase out coal and fossil fuels, according to an expert on EU energy markets, Simonas Vileikis. “Underfilled storage facilities continue to push the price of gas higher. If the facilities are not refilled now, and the winter turns …

Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline. “The Federal Network Agency of Germany announced today that Nord Stream 2 AG has submitted all …