Tag Archives: Russia

For the second year in a row Russia loses to Saudi Arabia the competition for the world’s largest oil market. China, which buys more than 10% of world oil production daily, reduced imports of Russian oil in 2021, TASS reports, citing statistics from the General Administration of Customs of China. …

European Union climate chief Frans Timmermans called on member states to increase investment in renewable energy and eventually wean the continent off Russian gas. Tensions between the bloc and Russian President Vladimir Putin have been escalating amid accusations that Gazprom PJSC, Russia’s state-owned energy company, isn’t doing more to fill …

Expansion of energy exchanges between Russia and Iran as two countries possessing respectively 37 percent and 15 percent of gas and oil reservoirs in the world can pave the way for diminishing petrodollar dominance if Moscow and Tehran omit dollar in economic interactions. The increase of bilateral cooperation between Iran …

If there is a further escalation from Russia in Ukraine, Berlin together with its partners “will take joint suitable measures” against the Nord Stream II gas pipeline, Germany’s foreign minister warned on Monday. Speaking at a news conference in the capital Kyiv after meeting with her Ukrainian counterpart Dmytro Kuleba, …

The US government has held talks with several international energy companies on contingency plans for supplying natural gas to Europe if conflict between Russia and Ukraine disrupts Russian supplies, two US officials and two industry sources said. The United States is concerned Russia is preparing for the possibility of a …

The EU is to blame for its energy crisis, Russia’s Deputy Prime Minister Alexander Novak said Saturday. A global gas supply crunch has sent consumer bills soaring across Europe, fueling inflation and accusations, most recently by International Energy Agency boss Fatih Birol, that Moscow is exacerbating the problem by withholding …

Russia will become one of the world’s three largest producers of liquefied natural gas (LNG) in terms of output in five to eight years, a senior consultant with Russian independent energy advisor VYGON Consulting, Ekaterina Kolbikova, has told Sputnik. “In [a period from] 2027-2030, Russia will become one of the …

The Russian gas pipeline Nord Stream 2 may not pass the EU certification procedure, said Russian Deputy Foreign Minister Alexander Pankin, reports RIA Novosti. According to him, the certification process may last many months until the summer of 2022. At the same time, the U.S. may impose new sanctions which …

Under the pessimistic scenario Ukraine may face gas import problems during this heating season and will have to siphon off Russian gas from the transit pipeline, the former head of the Naftogaz company, Andrey Kobolev, has said. “Ukraine is unable to do without considerable amounts imported gas in the first …

Russian Deputy Prime Minister Alexander Novak said oil prices are expected not to change significantly in 2022, and demand would recover to pre-COVID-19 levels in late 2022, Reuters reported. Mosco plans to produce 540-550 million tons of oil in 2022, Novak said. He added that oil market has not yet …