Russian gas and oil

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Germany to discuss creation of  foundation for Nord Stream-2

The German state of Mecklenburg-Vorpommern plans to set up a foundation to facilitate the completion of the Nord Stream 2 (NS2) pipeline to bring Russian gas to Germany and to fend off the threat of increased U.S. sanctions that halted work last …

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Germany still rejects US sanctions against Nord Stream 2

Berlin is still considering Nord Stream 2 as an economic project, deputy official representative of the German Cabinet of Ministers Ulrike Demmer said at a briefing in the German capital. She stressed that neither the attitude of the …

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Akademik Chersky returns to Nord Stream-2 area

According to the data of the international positioning system of sea vessels, the Russian pipe-laying vessel Akademik Chersky, after staying off the coast of Kaliningrad for a month, returned to the Nord Stream-2 gas pipeline area in the …

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Oil production in Russia falls to ten-year low

According to the data of the Central Dispatching Department of the Fuel Energy Complex,  oil and gas condensate production in Russia decreased by 8.6% - to 512.68 million tons in 2020. Thus, the largest reduction was documented in …

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Gazprom extends contract for gas supplies to Armenia

Russian natural gas holding Gazprom has extended the contract for the supply of gas to Armenia in the first quarter of 2021, according to Gazprom Export. The contract was extended on December 30 by Gazprom Export LLC and Gazprom …

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Berlin not backing off Russia's Nord Stream 2

Berlin does not plan to back down in the dispute with the United States over the Nord Stream 2 pipeline, Germany's Foreign Minister Heiko Maas said. "We do not need to talk about European sovereignty if that is understood as us …

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U.S. senator believes Nord Stream 2 to be stopped

U.S. Senator Ted Cruz has expressed confidence that new U.S. sanctions will prevent the completion of a controversial Russian natural gas pipeline to Europe. "This project, I believe, will never deliver gas," Cruz told an …

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Gas prices soar in Europe amid Nord Stream 2 completion

The day-ahead gas price at the Dutch TTF hub rose to $199.7 per 1,000 cubic meters, a maximum of 21 months, since March 8 last year. The reached price values ​​are significantly higher than the prices of Gazprom's contracts, which …

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Gazprom reports massive profit slump in first half

Russia's energy giant Gazprom announced that net profit fell 25-fold in the first half of 2020 due to the economic crisis triggered by the coronavirus pandemic and low oil and gas prices. The state-controlled group posted a net …

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Wang Yi charms Europe

The Foreign Minister is keen to keep Europe from mirroring Washington’s hardened China stance

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