Tag Archives: Russia

Poland will transport 6 to 8 billion cubic meters of American liquefied natural gas (LNG) per year to Ukraine in a deal that will help reduce Ukraine’s dependence on Russian gas. The deal should begin delivering the required natural gas in two to three years but much depends on the …

The global economy will begin to recover after the current situation with the novel coronavirus (COVID-19) stabilizes, Russian Prime Minister Mikhail Mishustin said during the government session on economic issues on Saturday. He added that Russia’s oil industry is ready for volatility on world markets. “Today, the global economy is …

The Aide to the Russian President Yuri Ushakov in a phone conversation with Iran's Ambassador to Russia Kazem Jalali emphasized Moscow's strong opposition to US sanctions against Iran, especially amid coronavirus outbreak.

Oil prices should reach about $35-40 per barrel, Russian First Deputy Prime Minister Andrei Belousov said in an interview with the ‘Vesti v Subbotu’ (News on Saturday) program on the Rossiya-1 TV channel. “My estimation is that [the prices] will adjust at the level of about $35-40. There are other …

With oil plummeting near an 18-year low amid unprecedented supply and demand shocks, Russia finally admitted: crude is too cheap. “Of course it’s a low price, we would like to see it higher,” Kremlin spokesman Dmitry Peskov said on a conference call, signaling for the first time that the country’s …

The Trump administration made an exhaustive effort to try to wean Europe off of inexpensive, dependable Russian gas exports in recent years, pushing Brussels into a commitment to build new terminals for US liquefied natural gas (LNG) and, recently, trying to sabotage the construction of Nord Stream 2. Unfortunately, now …

Russia introduced fresh tax relief on Wednesday for new liquefied natural gas (LNG) projects in the Arctic, focused on those intended to come on stream from 2022, the text of a law signed by President Vladimir Putin showed. The zero-rate extraction tax on natural gas will primarily benefit independent gas …

With oil plummeting near an 18-year low amid unprecedented supply and demand shocks, Russia finally admitted: crude is too cheap. “Of course it’s a low price, we would like to see it higher,” Kremlin spokesman Dmitry Peskov said on a conference call, signaling for the first time that the country’s …

The Kremlin believes that the current oil prices level is low, presidential press secretary, Dmitry Peskov told reporters on Wednesday. “Certainly, this is a low price; we would like to have it higher,” Peskov said, responding to a question whether the oil price of about $27 a barrel is suitable …

Russian oil and gas workers in the Arctic Yamal peninsula could see their shifts extended by months to shield the energy industry and its employees from the spread of coronavirus. The region’s governor recommended in an order published on Tuesday that the shifts of those currently working in the region …