Russian gas and oil

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Ukraine does not cope with Russian gas transit

According to the data of the Ukrainian GTS Operator company, the transit of Russian gas through Ukraine fell 5.3 times on the first day of 2020 compared with the December average. In December, the transit volume amounted to 261 million …

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Ukraine settles for Russian gas but can’t accept it

Dmytro Kuleba, the Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration of Ukraine, said that the country didn’t grow into resuming direct gas supplies from Russia. He pointed out that the Ukrainian gas market …

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Russia sets new oil production record

Russia's 2019 oil output was seen at a record-high 560.2 million tonnes (11.25 million barrels per day), which is 0.8% higher than in 2018, the Central Dispatching Department of Fuel Energy Complex reported. Russia’s …

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Kremlin: Nord Stream 2 launch to be delayed

The decision to withdraw from the Nord Stream 2 gas pipeline project taken by Switzerland-based Allseas pipelay company will not prevent its implementation, but there will be a delay, press secretary of the Russian President …

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Gazprom and Ukraine sign package deal on gas transit

Russia's Gazprom and its Ukrainian partners have signed a package of agreements, which restored a balance of interests of both sides, Gazprom CEO Alexei Miller said. Miller noted that final decisions and agreements …

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Bulgaria ready to get Russian gas via Turkish Stream

Bulgaria will start receiving natural gas supplies from Russia’s Gazprom via Turkey as of January 1 next year and would no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said. …

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Russia and Ukraine drop reciprocal claims on gas

Starting from January 1, Russia and Ukraine will cancel mutual claims while asset seizures will be lifted, Russian Energy Minister Alexander Novak said. "We have agreed to start from scratch on January 1, …

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Lavrov on future of Nord Stream-2

Russian Foreign Minister Sergey Lavrov expressed confidence that the Nord Stream-2 gas pipeline will be built despite the U.S. sanctions. According to him, the European side sees its commercial advantages from the …

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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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Serbia completes its Turkish Stream segment

Serbia completed the pipelay on its segment of the Turkish Stream gas pipeline, chief executive of Srbijagas Company Dusan Bajatovic said. "Yes, we can state with pleasure that Serbia completed its portion of work, …

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Gazprom approves new  dividend policy

The board of directors of Russian gas giant Gazprom has approved a dividend policy, under which the company will pay no less than 50% of the adjusted net profit under International Financial Reporting Standards (IFRS) in dividends, the company …

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