Tag Archives: Russia

Japan will seek to maintain its stake in the Sakhalin-2 natural gas project in Russia’s far east, the Nikkei newspaper said, after President Vladimir Putin signed a decree transferring rights to a new Russian company just over two weeks ago. The decree gave stakeholders a month to say whether they’ll …

Russia is capable of manufacturing by itself all the equipment necessary for expanding its domestic gasification network, Russian Trade and Industry Minister Denis Manturov said on Friday. “We will be able to provide ourselves all the technological equipment and piping for the gasification of the whole country,” the minister said …

Canadian Prime Minister Justin Trudeau said that the sanctions exception it made to return Russia’s repaired gas turbine was a “very difficult” decision to make, Reuters reported on Wednesday. Canada said over the weekend that it had provided a “time-limited and revocable permit” to return the turbine to Gazprom for …

European Union member states have so far frozen Russian assets worth $13.8 billion since Russia began its invasion of Ukraine, EU Justice Commissioner Didier Reynders has said. “For the moment, we have frozen — coming from oligarchs and other entities — 13.8 billion euros [$13.8 billion], so it’s quite huge,” …

Maintenance on the Nord Stream 1 pipeline may well persist beyond its scheduled end-date next week but will likely resume operations by the end of next month, analysts said on Wednesday. The key gas conduit – between Russia and Germany – began 10 days of annual maintenance on Monday, but …

Germany will stop buying Russian coal on 1 August and Russian oil on 31 December, Deputy Finance Minister Jörg Kukies said at a conference in Sydney, Reuters reported. Kukies said the key challenge going forward will be filling the huge gap that will remain when the European Union gives up …

The European oil market just received another supply shock ahead of the looming EU embargo on seaborne Russian oil imports. A Russian court has ordered the closure of a key Russian Black Sea export route, through which most of Kazakhstan’s crude oil passes to Europe. The Russian court ruling further …

The supply of Russian natural gas to Greece remains normal, Greek government spokesman Ioannis Oikonomou told a briefing on Monday, adding that the suspension of deliveries via the Nord Stream gas pipeline due to scheduled maintenance had no effect whatsoever. Asked whether natural gas supply to Greece is sufficient in …

India’s oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by the world’s third largest oil consumer, data provided by trade sources showed. Indian refiners have been snapping up Russian oil sold at hefty …

Russian gaz giant Gazprom begins 10 days of routine maintenance on its Nord Stream 1 pipeline on Monday — with Germany and other European countries watching anxiously to see if the gas comes back on. The annual work on the two pipelines was scheduled long in advance. The fear is …