Russia rejects US attempts to oppose the Nord Stream 2 gas pipeline project by forging a coalition of project opponents, Spokeswoman of the Foreign Ministry, Maria Zakharova noted on Wednesday. “We condemn calls for forging a certain coalition against the pipeline, wherein German and other companies have already made multi-billion …
Read More »Oil Demand Returning to Pre-Crisis Levels in Second-Half 2021
The chief executive of Russian oil producer Gazprom Neft said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry’s forecast for the second quarter. Speaking at a conference – first large-scale industry event since Russia scrapped public …
Read More »Iran to Build New Power Plant with Russian Cooperation
Iranian Energy Minister Reza Ardakanian said on Tuesday that the new contractor selected by Russia for the Sirik 1400-MW power plant has also been endorsed by Iran, noting that the construction operation is expected to start within weeks. Speaking to IRNA, Ardakanian said that Russian side finally decided to change …
Read More »Gazprom Resumes Pumping Gas Through Power of Siberia after Preventive Maintenance
Pumping gas through the Power of Siberia pipeline, which supplies gas to Russian consumers in the Far East and China, resumed on Tuesday after scheduled maintenance work, Gazprom said. “Scheduled maintenance work on the Power of Siberia gas pipeline has been completed. Gas transportation, as planned, has been resumed today …
Read More »Global Oil Inventories are in Decline
Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview, Oilprice reported. “Reserves accumulated in the 2nd quarter are gradually shrinking, and we see that July and August were the first two …
Read More »Hope for Completing Nord Stream 2 Is Fading
The EU’s relations with Russia in connection with the construction of the Nord Stream-2 gas pipeline are unlikely to improve in the future. Therefore, the approach to this project should be changed, said the head of the European Commission (EC) Ursula von der Leyen, reports the newspaper Les Echos. “Russia’s …
Read More »Novak: Global Oil Inventories are in Decline
Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. “Reserves accumulated in the second quarter are gradually shrinking, and we see that July and August were the first two months when …
Read More »OPEC+ Panel to Meet Amid Oil Price Decline, Worry of Virus Impact
OPEC and allies, led by Russia, are scheduled to hold an online meeting on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook. The key OPEC+ panel will be reviewing an internal document which warned that a …
Read More »Putin to Instruct Government to Appoint Gazprom as Single Gas Program Operator
Russian President Vladimir Putin announced that he would instruct the government to deliver on the idea of appointing Gazprom as the single operator of gas supply and gasification programs, he said on Wednesday at a meeting with the head of Gazprom, Alexei Miller. Miller said that the government is currently …
Read More »Germany Considers Imposing Sanctions against Nord Stream 2 in Response to Navalny’s Poisoning
German authorities are considering the suspension of the construction of Nord Stream-2 gas pipeline in response to the poisoning of Russian opposition leader Alexei Navalny. The final decision depends on Russia’s actions, said the German Foreign Minister Heiko Maas on air of the TV channel ZDF. “We will put all …
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