Alexey Belogoriev

Russia gives Bulgaria 40% price cut for gas

Bulgarian Prime Minister Boyko Borissov said that Bulgaria has agreed with Russia's Gazprom on a 40% price cut for natural gas in a new contract. "Our new contract with Gazprom on the price for natural …

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Oil prices dive as coronavirus spreads

Brent crude, the international benchmark, fell $1.79 a barrel, or 2.95%, to $58.90 per barrel by 0903 GMT, having earlier fallen more than 3% to its lowest level in almost three months.  West Texas Intermediate also fell, down by …

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Kozak: Russia and EU to solve Nord Stream 2 problem

Russia will find a solution to the situation that has emerged around the Nord Stream 2 pipeline through close cooperation with Europe, Russia's Deputy Prime Minister Dmitry Kozak said. "We are sure that we will …

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U.S. concedes defeat on Nord Stream 2

Washington has conceded its defeat on the Nord Stream 2 gas pipeline project. According to senior administration officials, the U.S. has little leverage to prevent the pipeline project between Russia and Germany from being completed, …

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Gazprom's appeal in dispute with Naftogaz defeated?

Sweden's Svea Court of Appeal has refused to uphold an appeal of Gazprom against an arbitration's decision in its transit dispute with Ukraine's Naftogaz. "Today's decision means that the court has rejected …

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Gas packing of Turkish Stream's first line starts

Gas packing of the first line of the Turkish Stream pipeline has started, the last testing stage before the launch, South Stream Transport, the operator of the project said in a statement. "Natural gas packing of the first out …

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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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Turkey starts construction of 2nd Akkuyu block

The construction of the Akkuyu nuclear power plant continues as planned, Turkish Energy Minister Fatih Donmez said. The project is being implemented as planned, he said in an interview with Bloomberg. …

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Hungary joins Turkish Stream pipeline

Hungary intends to complete the expansion of its pipeline capacity for the Turkish Stream gas pipeline by the end of the year, Russian Minister of Energy Alexander Novak said on the sidelines of the St. Petersburg International …

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U.S. to slap sanctions on Nord Stream 2

The Nord Stream 2 pipeline will be put under sanctions by Washington, U.S. Secretary of Energy Rick Perry said. The politician noted that the U.S. administration could prepare a bill providing for restrictions on …

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 All Russian oil to be subject to excess-profits tax?

After monitoring and analyzing the impact of a pilot project of introducing the excess-profits tax in the oil industry, the Russian Ministry of Energy may propose the final transition to the excess-profits tax in the oil industry, the Russian …

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"U.S. resorts to gas assets grabbing"

Kremlin spokesman Dmitry Peskov commented on publications in various media outlets that the U.S. was putting together more sanctions against the Nord Stream 2 gas pipeline project. Washington's "hostile and …

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Hungary ready to join Turkish Stream

Budapest is interested in joining the Turkish Stream gas pipeline, Hungarian ambassador to Russia Norbert Konkoi said. According to him, Hungary is interested in diversification of gas routes. "We now receive gas …

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Nord Stream 2 to come into service in November

The first string of the Nord Stream 2 pipeline is expected to be finished in November, Chief Financial Officer at Nord Stream 2 AG Paul Corcoran said during the European Gas Conference. The construction of the …

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Brent exceeds $60 per barrel after New Year panic

International Brent crude futures climbed back to $60 per barrel today, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks …

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