Tag Archives: Russia

Russia has blamed Western sanctions for its decision to curb gas supplies to Europe in a move Germany said was politically motivated. Gazprom, Moscow’s state-backed energy giant, announced yesterday it would slash gas deliveries through a key European pipeline by 20pc, a day after announcing a 40pc cut to the …

Russia has earned $98bn from fossil fuel exports during the first 100 days of its war in Ukraine, with the European Union being the top importer, according to new research. The report was published on Monday the independent, Finland-based Centre for Research on Energy and Clean Air (CREA) came as …

Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed. In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any …

A research team comprised of Chinese and Russian scientists have recently developed a cost-effective and environmentally friendly way to lift efficiency to convert sunlight into hydrogen energy, a method that could help Russia and China enter a new era of clean energy and help both countries take a leading position …

Rising costs and sanctions on Russia have lowered the profitability of oil exports for Kazakhstan’s state oil and gas firm KazMunayGas, which has been forced to accept discounts on its crude being carried via the Russian pipeline network. The CPC pipeline carries oil from Kazakhstan’s Tengiz oilfield to export infrastructure …

European natural gas prices have been on the slide for several days now as an early start of summer combines with ample LNG supplies to quench supply worries. According to a Bloomberg report, natural gas prices in Europe have been on the decline for five days now as demand eases …

Saying that issuing an anti-Iran resolution at IAEA BoG is very counterproductive for the JCPOA, the Russian envoy to International Organizations stressed that Russia will not associate itself with such a resolution in anyway. The International Atomic Energy Agency (IAEA) Board of Governors meeting in Vienna began on Monday, with …

Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country’s oil exports and predicted a big jump in profits from energy shipments this year. “Considering the price level that has been established as a result of the West’s policies, we have suffered no …

Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra $5.4 billion (5 billion euros) a year to pay for replacement gas. The estimated cost was reported by German Welt am Sonntag weekly on Sunday, citing industry representatives. In May, Russia decided to …

France is talking to the United Arab Emirates about the supply of oil and diesel as it seeks alternatives to Russian energy sources, Finance Minister Bruno Le Maire said on Sunday. The minister said France also planned to accelerate investment in the transition to cleaner energy, such as speeding up …