Alexander Novak

Russia and Ukraine hold ministerial gas talks

Russian-Ukrainian gas consultations with the participation of Russian Energy Minister Alexander Novak, the Minister of Energy and Environmental Protection of Ukraine Alexey Orzhel, Gazprom CEO Alexey …

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Russia cannot disclose plans on OPEC+ deal yet

Russia’s position on the future of the OPEC+ agreement cannot be disclosed yet, Russian Energy Minister Alexander Novak said. He said there was no decision yet on whether to exclude Russian gas condensate …

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Novak to Sefcovic: Europe interested in Nord Stream 2

The issue of Denmark giving a permit to build the Nord Stream 2 pipeline through its territorial waters was discussed only in the framework of bilateral talks between Russia and the European Commission, Russian Energy Minister Alexander …

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Novak and Sefcovic discuss gas transit via Ukraine

Russian Energy Minister Alexander Novak has discussed gas transit through Ukraine, as well as the relationship between Russia and the European Union within the framework of the BRELL project (single energy system of Belarus, …

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Novak: no talks underway to change oil output deal

Russian Energy Minister Alexander Novak said there were no talks underway to change the global oil output deal between OPEC and its allies. Moscow is fully committed to the deal, Novak told reporters while on a …

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Oil slumps again… Will OPEC act?

Saudi Aramco has fully restored the damaged production from the Abqaiq and Khurais facilities from just a few weeks ago, an impressive turnaround in such a short period of time. But now, Riyadh faces another challenge that could prove more …

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"One can forget about oil at $100 per barrel"

Russia’s Energy Minister Alexander Novak expressed an opinion that everyone has forgotten about oil at $100 per barrel. "We live based on mid-term oil price assumptions of $50 ... Our budget is based in …

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Novak: OPEC+ sees no crisis events in oil market

Russian Energy Minister Alexander Novak said OPEC+ ministers see no crisis events that call for an emergency meeting now to regulate oil output. “Of course, demand is affected by the status of the global …

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