Tag Archives: Russia

Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, government data showed on Wednesday. China’s oil demand remained strong last year even as the COVID-19 pandemic hammered appetite for fuel elsewhere. The world’s top oil importer, brought in a …

Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the Arctic Ocean and paving the way for a record-long navigation season this year. The super-chilled cargo from Novatek PJSC’s Yamal LNG facility in early May will beat last year’s …

The United States has informed European allies about plans to sanction Russian vessel Fortuna, which is involved in the construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday. The U.S. administration told government officials in Berlin and other European capitals …

Russia’s flagship crude is rising in price in Europe in the wake of Saudi Arabia’s surprise oil production cuts. The nation’s Urals crude sold at a slight discount of 70 cents a barrel to benchmark Dated Brent in northwest Europe on Jan. 15, a increase of almost $1 from an …

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 …

Construction of the last section of the Nord Stream-2 gas pipeline in Danish territorial waters has been postponed. Switzerland’s Nord Stream 2 AG, Gazprom’s 100 percent subsidiary, has no plans to start work on January 15, the day when Denmark’s permit for the beginning of the construction takes effect, Handelsblatt …

The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin …

Supplies of gas to Turkey and Europe via offshore pipeline TurkStream have increased more than twofold in a year since the launch of the project, according to Russian energy giant Gazprom. The gas route marked its one-year anniversary on Friday. Since it came into operation on January 8, 2020, Gazprom …

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, …

Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus. According to an article by Reuters, Russian oil and gas condensate output declined to 10.27 million barrels …