Alexey Belogoriev

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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?

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.

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

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 …

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?

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

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 …