Russia has offered Pakistan liquefied natural gas (LNG) supplies, Foreign Minister Sergey Lavov has revealed, as the South Asian nation is facing more gas shortages in the near future. The two countries discussed deepening bilateral ties, including in energy and trade, earlier this week when Lavrov met his Pakistani counterpart, …
Read More »Russia Joins Global Hydrogen Race with Planned Exports to Asia
Russian energy giant Gazprom is planning to start hydrogen exports to China, South Korea and Japan, the company’s First Deputy Oleg Aksyutin wrote in his column in the latest issue of business and science magazine Energy Policy. According to the senior manager, the shipments of hydrogen could be supplied to …
Read More »Russia’s Gazprom Aims to Double Liquefied Natural Gas Exports by 2025
Russian energy giant Gazprom said it exported 7 million tons of liquefied natural gas (LNG) in 2020, and is planning to double annual sales by 2025, Pavel Sedov, the head of LNG exports at Gazprom Export, said. Sedov added that Gazprom is still a rather small LNG enterprise, but the …
Read More »Russian LNG Production Sees Modest Jump in 2020
Russia’s liquefied natural gas production rose by 3.5 percent last year to a total 30.5 million tons, according to data from Rosstat, the country’s official statistics agency. In December alone, Russian producers turned out 2.85 million tons, which was up 1.4 percent on the year and 5.8 percent on November, …
Read More »Tehran Says ‘Technical Issue’ Cause of Vessel Detention after Indonesia Seizes Iranian Tanker over Alleged Illegal Oil Transfer
Tehran has dismissed allegations that an Iranian-flagged oil tanker has been seized for illegally transferring oil, despite Indonesian authorities claiming the ship was “caught red-handed.” Speaking on Monday, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said they were still waiting for more information from the Indonesian government but claimed a senior …
Read More »Russian Gas Supplies to Europe via Nord Stream Pipeline Hit Record Highs
Russia pumped 59.2 billion cubic meters of natural gas through the Nord Stream pipeline in 2020, bringing exports via the offshore gas link between Russia and Europe to the highest level ever. Last year’s supplies to European consumers were up 1.2 percent compared to a year earlier, according to data …
Read More »Nord Stream 2 will be Completed despite Difficulties
The Nord Stream 2 project will be completed, despite the difficulties it has encountered, Chairman of the State Duma (parliament’s lower house) Committee on Energy Pavel Zavalny said at a press conference on Friday. “Nord Stream 2 will definitely be built, all sensible people understand this. Ambitions of individual countries, …
Read More »Russia’s Nord Stream 2 Gas Pipeline Gets Closer to Finish Line, First Link Expected to be Completed by June
The operator of Russia’s natural gas pipeline to Europe, Nord Stream 2 AG, has secured permission to continue work in the Baltic Sea and may finish one of the two branches of the route in the first half of the year. Germany’s Federal Maritime and Hydrographic Agency (BSH) said on …
Read More »Covid-19 Sinks Indian Demand for Fuel for First Time in over Two Decades
Demand for petroleum products in India has tumbled to multi-year lows following its first contraction in consumption since 1999, as the coronavirus pandemic rattles the world’s third-largest oil importer and consumer. Total petroleum consumption was down for the whole year of the pandemic, falling by over 10 percent to 193.4 …
Read More »German Region Approves Creation of Fund to Bypass US Sanctions Designed to Stop Gazprom’s Vital Nord Stream 2 Gas Pipeline
The parliament of the German state of Mecklenburg-Vorpommern has voted to establish a fund to circumvent American sanctions preventing the construction of the Nord Stream 2, a gas pipeline that will connect Russia and Germany. When completed, it will run from Russia’s Leningrad Region, bypassing the Baltic States and Poland, …
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