The U.S. is maintaining the pressure on Germany over a new gas link to Russia, with Secretary of State Antony Blinken insisting the Nord Stream 2 pipeline runs counter to the interests of the European Union. “It’s in contradiction to the EU’s own energy security goals,” Blinken told reporters in …
Read More »Russia Says LNG Production Capacity could Jump Threefold by 2035
Russia’s government approved on Monday the country’s long-term development program for liquefied natural gas (LNG), expecting production capacity to rise threefold from current levels to 140 million tons per year by 2035. “The program is based on a comprehensive approach, aimed at diversification of gas supply sources and first of …
Read More »Kremlin: There were No Contacts between Putin, Saudi Arabia Ahead of OPEC+ Decision
Dmitry Peskov recalled that Russia’s Deputy Prime Minister Alexander Novak was praised by Putin for his work MOSCOW, March 12. /TASS/. Russian President Vladimir Putin did not have any talks with the Saudi Arabian leadership ahead of the OPEC+ decisions on oil production cap, Kremlin spokesman Dmitry Peskov told TASS. …
Read More »OPEC+ Seeks ‘Fair’ Oil Price
Saudi Arabia and Russia pledged to continue cooperation on the OPEC+ production cut agreement, as Saudi foreign minister Prince Faisal bin Farhan said March 10 the group is aiming for a “fair” price for crude oil. “I would like to assure that we and Russia would like a oil price …
Read More »Gazprom Makes First Delivery of Carbon-Neutral LNG to Europe
Russian energy giant Gazprom said on Monday it had delivered its first carbon-neutral shipment of liquefied natural gas (LNG) to Europe. Gazprom said its shipment of Russian LNG, which it said was made carbon neutral by offsetting emissions resulting from its production and transport, had been delivered to Royal Dutch …
Read More »Russia’s Annual Oil Production at Lowest Level since 2011
Russia’s oil production declined last year for the 1st time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus. According to an article by Reuters, Russian oil and gas condensate output declined to 10.27 million barrels …
Read More »OPEC and Russia will Discuss Raising Oil Production
The Organization of the Petroleum Exporting Countries and its allies, including Russia, are expected to meet by videoconference on Thursday to consider a potential but by no means certain production increase of as much as 1.5 million barrels a day. Analysts say the combined group, called OPEC Plus, could increase …
Read More »Russia’s Gazprom Aims to Double Liquefied Natural Gas Exports by 2025
Russian energy giant Gazprom said it exported 7 million tons of liquefied natural gas (LNG) in 2020, and is planning to double annual sales by 2025, Pavel Sedov, the head of LNG exports at Gazprom Export, said. Sedov added that Gazprom is still a rather small LNG enterprise, but the …
Read More »Russia Working on Easing Tensions over Iran’s Nuclear Program
Russia’s Permanent Representative to the International Organizations in Vienna said that Moscow is working to ease tensions over Iran’s nuclear program. In a tweet on Tuesday, Mikhail Ulyanov wrote, “The key point at the current meeting of the International Atomic Energy Agency’s Board of Governors is that whether the discussions …
Read More »Russia February Oil Output Falls despite Increase in OPEC+ Quota
Russia’s oil output has dipped below its OPEC+ target in February amid abnormally cold weather, meaning the country failed to take full advantage of a more generous quota. The nation pumped an average of 1.377 million tons a day of crude and condensate on average from Feb. 1 to 25, …
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