Alexey Belogoriev

Russia to start paying Georgia financial compensation for gas transit

Russia to start paying Georgia financial compensation for gas transit

Russia's Gazprom and the Georgian Energy Ministry reached an agreement, according to which Georgia will shift to a system of financial compensation for the transit of Russian gas into Armenia, the Georgian Deputy Prime Minister, Energy …

EU#039s gas dependence on Russia hits new record

EU's gas dependence on Russia hits new record

The share of Gazprom's gas in the balance of non-CIS countries receiving Russian gas in 2016 reached 33.5%, after 31% in 2015. Gazprom Export's December corporate bulletin Blue Fuel notes a steady increase in the company's …

First line of Turkish Stream to be build in year

First line of Turkish Stream to be build in year

South Stream Transport B.V. signed a contract with Swiss company Allseas Group S.A. in Amsterdam for construction of the first line of the offshore section of Turkish Stream with an option for construction of the second line, Gazprom said in …

Will fate of oil be decided in Moscow?

Will fate of oil be decided in Moscow?

OPEC meeting with non-members of the cartel on cutting oil production may be moved from December 9 to 10 from Doha to Moscow, this topic is now being actively discussed by OPEC and Russia, an informed source said. The representative of …

Oil prices rise sharply as OPEC reaches agreement

Oil prices rise sharply as OPEC reaches agreement

World oil prices have risen sharply after the OPEC decision to limit the level of oil production by 1.2 million barrels per day to 32.5 million.  The Agreement will be effective from January 1, 2017. As of 08.51 am (MSK), the …

What oil price OPEC and Russia need?

What oil price OPEC and Russia need?

In order to balance their budgets, largest oil-producing countries in the world require different price of "black gold". According to Bloomberg, this leads to disagreements over the need to reduce oil production level. …

Oil market sets records in anticipation of November 30

Oil market sets records in anticipation of November 30

Wagers on higher and lower prices held by speculators and hedgers reached 1.47 million contracts in the week ended Nov. 15, the most since 2007, US Commodity Futures Trading Commission data show.  “There’s tension in …

Russia and OPEC to establish information and analytical cooperation

Russia and OPEC to establish information and analytical cooperation

Russia and OPEC countries are studying various mechanisms to stabilize oil production volumes, Russian Energy Minister Alexander Novak said at a press conference in the framework of the "Energy Dialog Russia-OPEC" on …

Will EU abandon gas transit through Ukraine?

Will EU abandon gas transit through Ukraine?

The European Union (EU) is ready to abandon the natural gas transit through Ukraine, AFP reports. The reason is the fact that Ukraine does not ensure the unconditional implementation of the energy regulations of the EU including a ban …

Russia and Saudi Arabia sign joint statement to stabilize oil market

Russia and Saudi Arabia sign joint statement to stabilize oil market

Russia and Saudi Arabia have agreed on measures - joint or in cooperation with other oil producers - with the aim of maintaining stability on the crude market and providing a sustainable level of long-term investment. That's according to a …

Has Riyadh refused to be on oil ‘price war’ path?

Has Riyadh refused to be on oil ‘price war’ path?

Saudi Arabia has decided to abandon its strategy for growth in oil exports to Asian markets and it is is gradually giving opportunities to its competitors for further increase in prices. It follows from the data on the import of hydrocarbons and …

Ukraine requests resumption of Russia#039s gas supplies

Ukraine requests resumption of Russia's gas supplies

Gazprom has received a letter from Ukraine’s Naftogaz requesting resumption of natural gas supplies, the Chief Executive Officer of the Russian gas holding Alexey Miller said. “We have indeed received a formal letter from the Chief Executive of Naftogaz of Ukraine with a request to resume natural gas supplies. Nine months are meant: the second half of 2016 and the first quarter of 2017, that is, the forthcoming winter and the preparation period. The change in Ukrainian company’s mood is understandable. Daily reverse from Europe dropped 6.4 times in June as compared to May and 16.8 times vs. April,” TASS cited Miller as saying.

Will gas prices stop depending on oil prices?

Will gas prices stop depending on oil prices?

Deliveries of liquefied natural gas (LNG) from the US to Europe will be able to weaken the dependence of gas prices on oil, a press release of the international ratings agency Fitch says. According to analysts, the emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices.

 Doubts about effectiveness of meeting in Doha pull oil prices down

Doubts about effectiveness of meeting in Doha pull oil prices down

Doubts about the effectiveness of the meeting of oil-producing countries in Doha on April 17 caused the drop in oil prices on world markets. As of 08:27, the price of a barrel of Brent crude dropped 0.35%, reaching $42.68. …

Are bears beginning to emerge from oilmarkets?

Are "bears" beginning to emerge from oilmarkets?

The number of stakes on the fall in oil prices at the New York Mercantile Exchange fell by 131,617, i.e. by 67% in the period from February 2nd. According to the US Futures Trading Commission (CFTC), it was the maximum reduction during …

Russian oil companies prepare hybrid tax

Russian oil companies prepare hybrid tax

The Russian Ministry of Economic Development intends to hybridize the tax on financial results (NFR) with an additional income (TAI) in the oil industry, the head of department Alexey Ulyukayev said in an interview with …

Freezing of oil production is close, but will not help soon

Freezing of oil production is close, but will not help soon

Russian President Vladimir Putin, speaking at a meeting with members of the government today, stated about the generally reached agreement on freezing oil production in 2016 at the January level. "We met with the …

Moscow, Riyadh, Doha and Caracas decide to freeze oil output

Moscow, Riyadh, Doha and Caracas decide to freeze oil output

Russia and three OPEC member-states – Qatar, Venezuela and Saudi Arabia – agreed to freeze oil production at the level of January 11 at a meeting today in Doha. The Russian Federation was represented by the Minister of …

Will Germany#039s support help #039Nord Stream-2#039?

Will Germany's support help 'Nord Stream-2'?

The German Federal antimonopoly department has given the green light to the creation of a joint venture on 'Nord Stream-2'. The corresponding request was sent earlier to the Polish antimonopoly regulator Urzad Regulacji Energetyki …

Will US become oil exporter?

Will US become oil exporter?

Congressional leaders agreed on a fiscal plan that would avert a ban on crude oil exports from the US. The move "puts the United States in the driver’s seat of energy policy worldwide," Bloomberg cited the Republican …

Putin and Erdogan discuss Turkish Stream in Antalya

Putin and Erdogan discuss Turkish Stream in Antalya

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan have discussed the Turkish Stream project in Antalya on the sidelines of the G20 summit. The sides agreed to continue developing …

Turkish stream to be based on two ‘threads’

Turkish stream to be based on two ‘threads’

Today Head of Gazprom Alexey Miller has informed about shortening the gas pipeline project Turkish Stream twice. According to his, the power project won’t exceed 32 billion cubic meters of …