Tag Archives: Russia

Russia has three oil export terminals on its Arctic coast.

Cold weather in Europe in late November and so far in December has seen demand for Russian gas surge again.

The Yamal project is an important step in Moscow’s efforts to build ties to China.

Despite challenging operating conditions. Yamal LNG was delivered on time and on budget.

The oilfield is now producing 85.000 barrels per day. according to the Iraqi oil minister.

In September. Reuters and The Washington Post both reported that Russia was helping North Korea avoid U.S. sanctions and providing the country with fuel.

Russian pipe companies are also introducing pipes. associated equipment and structural materials for natural gas liquefaction and offshore development projects.

Novatek owns a 50.1% stake in Yamal LNG. France’s Total and China National Petroleum Corp each control 20%. while China’s Silk Road Fund owns 9.9%.

The US earlier this year threatened to impose fines on EU firms that invested in the pipeline.

Rising U.S. production helped fuel a slump in prices.