Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline was at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the …
Read More »Merkel Faces Pressure to Drop Russian Pipeline to Punish Putin
Chancellor Angela Merkel is under pressure from within her own party to drop support for a controversial gas pipeline with Russia after links point to the Kremlin in the poisoning of Russian opposition leader Alexey Navalny. Norbert Roettgen, head of the German parliament’s foreign affairs committee and a candidate to …
Read More »Oil Demand has Recovered by 90% from Pre-Pandemic Levels
Russian Energy Minister Alexander Novak on Wednesday said that Moscow would propose to OPEC+ group to react to the recovery in global oil demand, as part of their agreement to cut production in order to support prices, Reuters reported. Global oil demand has recovered by as much as 90% of …
Read More »Calls Mount for Germany to Rethink Nord Stream 2 after Navalny Poisoning
A European response that involves the Nord Stream 2 gas pipeline is needed against Russia after the poisoning of Kremlin critic Alexei Navalny with a Soviet-style Novichok nerve agent, some politicians and diplomats in Germany said on Thursday. Chancellor Angela Merkel said she expected Moscow to join efforts to clear …
Read More »German-Russian Resources Forum Discusses Joint Hydrogen Economy
Business and government representatives and researchers from Russia and Germany want to establish a bilateral cooperation on hydrogen, the German-Russian Resources Forum (DRRF) announced after a meeting on 28 August. “Germany was, is and will remain dependent on energy imports, and hydrogen will play a central role in energy and …
Read More »Rosneft Awarded for Developing Unique Biological Product
Rosneft has been awarded by the Rospatent in the category “100 Best Inventions of Russia for 2019 and the H1 2020” for the development of a unique biological product for cleaning the northern seas of oil pollution. The project for the development of the innovative product is being implemented by …
Read More »Turkey: Gas Find could Bring Cooperation with Russia, Iran
Turkey’s largest-ever natural gas discovery in the Black Sea could lead to new cooperation with Russia and Iran even as it aims to be a producer and not just a buyer, Turkish Finance Minister Berat Albayrak said on Tuesday. “The countries we have been cooperating with for years are Iran …
Read More »Russia Becomes World’s Second-Largest Oil Producer
The United States retained its leadership in oil output worldwide, the Joint Oil Data Initiative (JODI) said in a new update. Russia won the second place whilst Saudi Arabia came third. As for both oil output and processing, in June, Russia saw a slight change month-on-month. The U.S. oil production …
Read More »Rising Temperatures most Likely to Hit Russian Energy Projects Furthest North
An S&P Global Trucost analysis has shown that projects furthest North in Russia, including Yamal LNG, the Bovanenkovo gas field, and the Prirazlomnoye oil field are likely to have the biggest increase in heatwave days up to 2050. “I think the key takeaway here is that the number of heatwave …
Read More »Saudi Arabia Keeps Pressure on for OPEC+ Members to Comply with Pledged Oil Cuts
Saudi Arabia redoubled its crusade for OPEC+ compliance Aug. 19, laying pressure on the alliance’s quota violators to make up for their excess crude production with deeper cuts in the coming weeks, in the name of fairness and market stability. Nigeria and Iraq, two of the biggest compliance laggards, received …
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