Tag Archives: Russia

The EU market remains open for Russian liquefied natural gas (LNG), and Russia is ready to resume supplies via the Yamal-Europe pipeline, Russian Deputy Prime Minister Alexander Novak said in an interview with TASS news agency. “Even now this market is not closed. For example, we were able to significantly …

Russia’s state nuclear energy company Rosatom expects its exports to have increased by 15% this year, chief executive Alexey Likhachev was quoted as saying by Russian newspaper Izvestia on Monday. Rosatom’s portfolio of foreign orders is set to remain stable at $200 billion, “even in the current geopolitical situation,” Likhachev …

Russia may reduce its oil output by 500,000-700,000 bpd in early 2023 in response to the G-7 price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak. “We are ready to partially cut our production early next year,” he said in an interview with Rossiya-24 TV …

Gazprom is actively working with Turkiye and other market participants on the gas hub in the republic, Russian Deputy Prime Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday, adding that the decisions on the hub would be taken in 2023, TASS reports. …

Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan’s energy imports such as liquefied natural gas (LNG), the Nikkei newspaper said on Saturday (Dec 24). Tokio Marine & Nichido Fire Insurance Co, Sompo Japan Insurance Inc …

Deputy Prime Minister Alexander Novak has said that Russia is willing to cut its crude oil production, if necessary, as part of its response to the G7 price cap of $60 per barrel on the country’s crude exports. Novak told the Rossiya 24 television channel that output could fall by …

Oil rallied to a three-week high and clinched a second straight weekly gain after Russia warned it may cut output by as much as 700,000 barrels a day in response to sanctions on the nation’s crude. With trading volumes dwindling heading into the Christmas holiday, Russia’s threat outweighed the impacts …

Russian President Vladimir Putin on Wednesday has inaugurated the Kovykta natural gas field in eastern Siberia, located strategically to allow Russia to increase gas exports to China amid growing tensions between Moscow and the West. The inauguration is the culmination of efforts that began about a decade ago to develop …

Europe’s biggest economy, Germany, has seen the share of Russian gas in its gas mix drop to some 20% this year from 55% last year, per data from energy lobby group BDEW cited by Bloomberg on Tuesday. Russia started gradually cutting gas supply via the Nord Stream pipeline to Germany …

Russia’s Transneft has received requests for oil for 2023 from Poland and Germany, the state oil pipeline monopoly’s head told Rossiya-24 TV station, according to TASS news agency. The EU has pledged to stop buying Russian oil via maritime routes from December 5, with Western nations also imposing price caps …