Alexander Novak

Russia and Germany flag hydrogen cooperation

Russian Deputy Prime Minister Alexander Novak said at the webcast meeting that Russia and Germany had agreed that it was important to implement joint projects in hydrogen energy, in comments shared by the Russian government online. He …

Novak: OPEC+ deal saves energy market

The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV. …

Novak: Nord Stream 2 to be completed thanks to EU support

U.S. sanctions against the Nord Stream 2 gas pipeline are blatant protectionism aimed at advancing its liquefied natural gas on the European market, but the EU countries understand this and support the project, and thanks to this it will be …

Oil price range optimum for Russia named

Russia’s government considers the oil price range of $45-55 per barrel optimum in the current market situation, which allows preventing the market from overheating, on the one hand, and supporting producers, on the other hand, Russian …

Vladimir Putin dismisses three ministers

Russian President Vladimir Putin dismissed Construction Minister Vladimir Yakushev and appointed him as Presidential Plenipotentiary in the Urals Federal District. Russia's Transport Minister Yevgeny Dietrich and Environment …

Russian LNG gets a climate change boost

Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut that has depressed LNG prices globally and the damage to demand done by the pandemic.