Tag Archives: Russia

Turkey expects that the supplies of natural gas via the TurkStream pipeline will be increased, President Recep Tayyip Erdogan told Russian President Vladimir Putin during their talks by phone on Saturday. “President Erdogan pointed out that Turkey and Russia believe the cooperation in the economic sector to be crucial. He …

Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday. The project was 99% complete as of July, with the pipe-laying barge Fortuna working at the final section. Gas flows via Nord …

Russian President Vladimir Putin has stated that Russia is ready to continue transporting gas through Ukraine after 2024. However, the Russian authorities need to understand how long the transit will be extended and in what volumes. Putin said this during a press conference. “We are ready to transit gas through …

Russia is on course to smash its current monthly oil and condensate production record of 11.5M barrels per day (b/d), set in December 2018. The underlying factors are the OPEC+ coalition’s recent agreement to steadily raise oil production and new sources of Russian crude oil, reported oil analyst and consultancy …

Russian oil company Lukoil on Monday announced that it has started drilling the first exploration well at Block 12, in Mexico, at a depth of 207 meters. ‘After drilling, the geological and geophysical data will be analyzed to make a decision on further exploration at Block 12,’ the company stated …

The construction of Russia’s first bunkering barge named “Dmitry Mendeleyev” after the great Russian chemist has been completed, Gazprom neft has announced. The vessel is to embark on its maiden voyage to the Baltic shortly. The company intends to start deploying the barge to supply LNG to cargo and passenger …

Russia may reach a record-high level of crude and condensate production in summer 2022, with output expected to reach its peak in 2023, Norway’s Rystad Energy consulting company said in a statement on Friday. “The OPEC+ coalition’s recent agreement to steadily raise oil production is paving the way for Russia …

Export proceeds of Russian state-run energy giant Gazprom saw an enormous increase of 73% from January to June 2021 compared to the same period a year ago, according to Russia’s Federal Customs Service. In monetary terms, the growth amounted to $20.01 billion, while the physical volume of exports totaled 108.4 …

Construction of the Nord Stream 2 gas pipeline is at its final stage, it will be completed in a matter of weeks, Russian ambassador to Germany Sergei Nechaev said in an interview published by the Izvestia newspaper on Monday. “We proceed from the fact that the German-American agreement will not …

Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week. In the first seven months of this year, Gazprom’s gas sales to Turkey and Europe reached 115.3 billion cubic meters, up by 23.2 percent annually, …