Russia is ready to cooperate with the International Atomic Energy Agency (IAEA) in the provision of the security of the Zaporizhzhya Nuclear Power Plant, and permanent work of the IAEA mission at that site is important, head of the Russian Rosatom state nuclear energy corporation Alexei Likhachev told Interfax on …
Read More »Russia Says United States Is behind Europe’s Gas Supply Crisis
Russia’s foreign ministry said on Tuesday that the United States had fomented Europe’s gas supply crisis by pushing European leaders towards the “suicidal” step of cutting economic and energy cooperation with Moscow. Europe is facing its worst gas supply crisis ever, with energy prices soaring and German importers even discussing …
Read More »Russia will Respond to Oil Price Caps by Shipping more to Asia
Russia will respond to price caps on Russian oil by shipping more supply to Asia, its energy minister Nikolai Shulginov told reporters at the Eastern Economic Forum in Vladivostok on Tuesday. “Any actions to impose a price cap will lead to deficit on (initiating countries’) own markets and will increase …
Read More »Gazprom Starts Producing LNG at Plant near Nord Stream Pipeline
Gazprom PJSC has produced its first liquefied natural gas at a small-scale facility on the Baltic Coast near the start of the shuttered Nord Stream pipeline to Germany. Two production lines at Portovaya LNG have produced some 30,000 tons of the super-chilled fuel, Gazprom Deputy Chief Executive Officer Vitaly Markelov …
Read More »Medvedev Warns West of a Nuclear Doomsday Chess Game with Death
A top Russian official has accused the United States and its allies of trying to provoke the country’s break-up and warned that such attempts could lead to doomsday. Dmitry Medvedev, the deputy secretary of Russia’s Security Council chaired by President Vladimir Putin, warned the West that any attempt to push …
Read More »Russia Shuts down Vital Gas Pipeline for Repairs and Sends a Chill through Europe
Europe’s looming winter fuel crisis has deepened after Russia shut down a key gas pipeline to Germany, claiming the indefinite stoppage was due to what experts say is a minor oil leak. Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating on Saturday after …
Read More »Russia Supports OPEC+ Deal Extension, Country’s Oil Output may Grow in 2022
Russian oil production may increase this year, Deputy Prime Minister Alexander Novak said on Thursday, despite Western sanctions over Ukraine, while the country supports OPEC+ deal extension beyond 2022. He said production of oil and gas condensate is expected at between 520 million tonnes and 525 million tonnes in 2022 …
Read More »Europe Braces for Rationing Risks in Russian Gas Showdown
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand. A three-day halt of the Nord Stream pipeline — a key source of natural gas for the European Union — starts on Wednesday, and concerns …
Read More »TotalEnergies to Divest 49% Stake Russia’s Termokarstovoye Gas Field
French energy giant TotalEnergies has agreed to divest its 49% stake in Termokarstovoye gas and condensates field in Serbia, Russia to its local joint venture partner Novatek. The transaction includes the sale of Terneftegas, which operates the Termokarstovoye oil and gas field. Upon the completion of the transaction, Novatek will …
Read More »TotalEnergies to Sell Stake in War-Linked Russian Gas Field
French energy firm TotalEnergies said Friday it was divesting its stake in a Russian gas field that was reported this week to be providing fuel that ends up in Russian fighter jets. The company said that it had signed a deal on Friday with its local Russian partner Novatek to …
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