Angela Merkel said she’s willing to discuss energy ties with Moscow with the incoming U.S. administration, but the German chancellor reiterated her support for a controversial gas pipeline to Russia. “We need to also discuss which economic relations in the gas sector are possible with Russia, and which aren’t,” Merkel …
Read More »Russia Says Gas Pipeline to Germany at Risk after US Sanctions
Russian state gas company Gazprom acknowledged there is a risk that its undersea pipeline to Germany could be suspended or cancelled after the United States imposed sanctions on Tuesday on a Russian ship involved in its construction. Germany’s Economy Ministry said it had been informed in advance of the new …
Read More »Saudi Arabia Beats Russia in Tight Race for China Oil Supply, U.S. Imports Soar
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 …
Read More »Russia Prepares Earliest-Ever Arctic LNG Transit to Asia
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 …
Read More »US Plans to Sanction Russian Vessel Involved in Nord Stream 2
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 …
Read More »Russia’s Flagship Crude Gets a Boost from Saudi Production Cuts
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 …
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 »Russia’s Gazprom Postpones Construction of Nord Stream-2 Pipeline
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 …
Read More »Gazpromneft Provides Excess Gas to Operations Powering Bitcoin Mining Devices
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 …
Read More »Russia more than Doubles Natural Gas Exports via TurkStream Pipeline
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 …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel