Tag Archives: Russia

Potential contract cancellations for the construction of ice-class LNG carriers and U.S. sanctions on the latest Russian LNG export project could hamper Russia’s plans to boost LNG sales now that its pipeline route to Europe is largely cut off. There aren’t enough ice-class LNG tankers built to carry LNG from …

Nearly five million barrels of Sokol grade crude oil from Russia is languishing en route to Indian refiners, caught in a sanctions trap for a month, Bloomberg News reported on Wednesday. According to Bloomberg, citing tanker tracker data, one tanker, the NS Century, remains stuck near Sri Lanka due to …

Russia is working on the possibility of increasing exports of oil and petroleum products to Uzbekistan, Deputy Prime Minister Denis Manturov said, Trend reports. The remark was made during the meeting of the intergovernmental commission on economic cooperation between Russia and Uzbekistan. The official noted that, the Russia supports Uzbekistan’s …

Gazprom PJSC and China National Petroleum Corp. (CNPC) have agreed to increase the volume of Russian gas export to China through the Power of Siberia Pipeline next year, Russia’s state-owned Gazprom said. At a meeting between representatives of the oil and gas majors, “[i]t was noted that Russian gas supplies …

India’s purchases of Russian crude oil averaged $84.20 per barrel in October—the highest price the world’s third-largest crude importer has paid since the $60 price cap came into force at the end of last year, according to preliminary data from the Indian government cited by Reuters. The price India paid …

As the price of Russia’s flagship crude fell below the $60 per barrel price cap and international benchmarks slumped, India expects to increase its purchases of Russian oil, an anonymous senior government official in India told Reuters on Friday. The price of Russia’s flagship crude, Urals, has dropped below the …

G7 leaders are expected to announce on Wednesday a ban on Russian diamonds and measures to manage some 300 billion euros ($323.58 billion) in immobilised Russian central bank assets and the G7 oil price cap, sources familiar with the matter said. G7 leaders are having a virtual meeting later on …

India is still considering whether to allow a now-sanctioned tanker carrying Russian oil to approach and dock at one of its ports—a sign that the U.S. clampdown on Russian crude trade could limit India’s ability to buy and import cheaper oil. The NS Century tanker is owned by Russia’s state-owned …

Europe banned most oil shipments from Russia almost a year ago, but it’s binging on diesel that may well have been made from Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, …

Russia’s Gazprom PJSC plans to invest $17.6 billion (RUB 1,573.627 billion) in projects next year. The company’s management committee reviewed the preliminary operating results for 2023 and the projected investment program and budget for 2025-2026, the company said in a media release. The committee endorsed the drafts of the investment …