The United States warned Germany Monday that it is not willing to compromise on the dispute over the Nord Stream 2 gas pipeline project, which will carry Russian gas to Europe, German media reported. Washington’s new administration is “determined to use all available levers to prevent the completion of Nord …
Read More »Russia Eyes Boosting Its Global Market Share of Hydrogen by 20% in a Decade
Russia is planning to increase its share in the global hydrogen market by 20% by 2030, and to increase annual exports of the fuel up to 33.4 million tons by 2050, Deputy Energy Minister Pavel Sorokin said on Monday. “It is still difficult to provide exact numbers, but we believe …
Read More »Norway’s Equinor is Buying a Shipload of LNG from the Russian Arctic
The liquefied natural gas tanker Vladimir Rusanov on April 6 left the Russian Arctic port of Sabetta and set course for Equinor’s Melkøya plant in Norway. It is the first time that natural gas from the Yamal Peninsula is sold to Norway and that a Yamalmax tanker sails with a …
Read More »Russia Ready to Supply LNG to Fuel-Hungry Pakistan
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 »Biden Looks to Appoint Special Envoy to Kill Russia-Germany Energy Pipeline
The White House is in talks to appoint a special envoy to lead negotiations on halting the construction of Russia-to-Germany gas pipeline Nord Stream 2, current and former U.S. officials said, as the Biden administration grapples with how to stymie a nearly completed energy project that would serve as a …
Read More »Russia Slashes 2021-2022 Oil Production Forecasts
Russia is slashing its estimates for domestic crude oil, gas, and coal production for 2021 and 2022, according to the latest amendments in the government’s program for energy development. As per the latest forecasts from the Russian government, oil production this year is set to stand at 517 million tons, …
Read More »Russian Oil Output up Amid Generous OPEC+ Quota
Russia last month increased its oil production amid a more generous OPEC+ quota, even as increasing COVID-19 cases threaten oil demand in the short term. The nation pumped 43.34 million tons (39.3 million metric tonnes) of crude and condensate last month, according to preliminary data from the Russian Energy Ministry’s …
Read More »Russian Pipelayer Headed for Danish Waters to Join Nord Stream 2 Operation
A second Russian pipelaying vessel is now headed for Danish waters to join the operation to lay the almost-complete Nord Stream 2 gas pipeline from Russia to Germany, the pipeline development company said March 31. The Adakemik Cherskiy — which has dynamic positioning capabilities allowing for accelerated pipelaying — will …
Read More »Russia Aims to Raise Production, Backs OPEC+ Cut Rollover
Russia, the leader of the non-OPEC group in OPEC+, favors a rollover of the alliance’s oil production cuts while seeking a slight increase for itself to meet higher seasonal demand, a source with knowledge of Moscow’s plans told Reuters on Monday. Russia has sought and obtained small increases for its …
Read More »Nord Stream 2 Becoming Divisive Issue ‘Unfortunate’
The United States just wants its allies to understand its position on Nord Stream 2 pipeline, which is set to carry gas from Russia to Europe, and it’s “unfortunate” that the project became a contentious point, US Secretary of State Antony Blinken told CNN. Washington has repeatedly shown its displeasure …
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