Tag Archives: Russia

Low-carbon energy sources will account for 90% of all energy sources in Russia by 2035, Deputy Prime Minister Alexander Novak said speaking at a high-level dialogue meeting on energy held as part of the UN General Assembly. “Thanks to the state support, the share of renewable energy sources in the …

Additional investments in development of the Northern Sea Route in 2022 are planned at 4 billion rubles ($55 million). The money will be used for construction of the Utrenniy LNG terminal at the Arctic port Sabetta, reads a memorandum on Russia’s draft budget for 2022-2024. TASS has a copy of …

Russia fulfills all of its obligations towards gas consumers in the European Union and it is impossible to increase gas transit before gas is sold under a contract, Kremlin spokesman Dmitry Peskov said on Wednesday. Peskov commented on the statement Amos Hochstein, US State Department’s Senior Advisor for Energy Security …

Ankara is discussing new contracts for gas supplies with a number of countries, including Russia, Turkish Deputy Energy Minister revealed on Tuesday. “This year will be very difficult for all of us. But we are on good terms with our current suppliers, such as Azerbaijan and Russia. We are discussing …

Oil declined amid Russia’s plans to boost upcoming overseas oil sales and as the US dollar rallied. Futures in New York ended the session nearly 1 percent lower on Friday. Russia is to increase its oil exports 3 percent in the fourth quarter of this year, Interfax reported. Meanwhile, gains …

Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas reserves are the largest in the world. And we won’t have any problems with our reserves for the next 100 …

Russia’s crude oil and condensate output jumped in the first weeks of September as some of the nation’s key producers ramped up in line with the OPEC+ deal and Gazprom PJSC recovered from a fire at a facility in West Siberia. The nation pumped an average of 1,456.9 thousand tons …

Nord Stream 2, the controversial gas pipeline from Russia to Germany, has been completed according to Gazprom, the Russian gas company that built the route. Alexey Miller, chairman of the management committee, announced completion at 8:45 a.m. Moscow time on Friday. The 1,200km pipeline follows much the same route as …

As Arctic ice cover recedes with climate change, Russia is pinning its hopes for supremacy in the warming region on a fleet of giant nuclear-powered icebreakers. Moscow sees the development of the Arctic as a historic mission and already has huge projects to exploit its natural resources. Its next big …

The Nord Stream 2 gas pipeline will be finished soon as Interfax reported citing Russia’s Foreign Minister Sergey Lavrov. “It will be finished in a few days; it will start to work,” Lavrov said. The end of the construction of the Nord Stream 2 gas pipeline in the waters of …