Alexander Novak

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Novak to Sefcovic: Europe interested in Nord Stream 2

Novak to Sefcovic: Europe interested in Nord Stream 2

The issue of Denmark giving a permit to build the Nord Stream 2 pipeline through its territorial waters was discussed only in the framework of bilateral talks between Russia and the European Commission, Russian Energy Minister Alexander …

Novak and Sefcovic discuss gas transit via Ukraine

Novak and Sefcovic discuss gas transit via Ukraine

Russian Energy Minister Alexander Novak has discussed gas transit through Ukraine, as well as the relationship between Russia and the European Union within the framework of the BRELL project (single energy system of Belarus, …

Novak: no talks underway to change oil output deal

Novak: no talks underway to change oil output deal

Russian Energy Minister Alexander Novak said there were no talks underway to change the global oil output deal between OPEC and its allies. Moscow is fully committed to the deal, Novak told reporters while on a …

Oil slumps again… Will OPEC act?

Oil slumps again… Will OPEC act?

Saudi Aramco has fully restored the damaged production from the Abqaiq and Khurais facilities from just a few weeks ago, an impressive turnaround in such a short period of time. But now, Riyadh faces another challenge that could prove more …

"One can forget about oil at $100 per barrel"

"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 …

Gas pipeline may connect Crimea and Europe, Novak says

Gas pipeline may connect Crimea and Europe, Novak says

It is possible that in the future Crimea and Europe will be connected by a gas pipeline, although this idea has not yet been considered by the government, Russian Energy Minister Alexander Novak said at the Russian Energy Week …

Novak: OPEC+ sees no crisis events in oil market

Novak: OPEC+ sees no crisis events in oil market

Russian Energy Minister Alexander Novak said OPEC+ ministers see no crisis events that call for an emergency meeting now to regulate oil output. “Of course, demand is affected by the status of the global …

Novak: 'black swans’ increasingly affect oil market

Novak: 'black swans’ increasingly affect oil market

The situation on the oil market is almost stable, though the pressure of geopolitical factors is becoming increasingly strong, which makes forecasting more difficult, Russia’s Energy Minister Alexander Novak told a session …

Novak: OPEC+ ministers to discuss oil market in Moscow

Novak: OPEC+ ministers to discuss oil market in Moscow

Ministers of OPEC+ nations will discuss the issue of demand-supply on the oil market at the Russian Energy Week, Russia’s Energy Minister Alexander Novak told reporters on the sidelines of the Forum today. …

Nord Stream 2 route to go round Denmark?

Nord Stream 2 route to go round Denmark?

Russia’s Energy Minister Alexander Novak expects the Nord Stream 2 project to be implemented in the applied variant despite the delay with Denmark’s issue of permit. "The project is being …

Russian Energy Week kicks off in Moscow

Russian Energy Week kicks off in Moscow

The 3rd Russian Energy Week International Forum has opened in Moscow. The event will be attended by Russian President Vladimir Putin, energy ministers from a number of countries, representatives of major international …

Russia's Novak - Opal ruling will affect three-way gas talks

Russia's Novak - Opal ruling will affect three-way gas talks

Russian Energy Minister Alexander Novak said on Thursday the decision by Europe’s top court to curtail Gazprom’s access to Nord Stream pipeline link Opal would affect next week’s gas talks with the European Union and Ukraine, …

Russia, Saudi agree everyone should implement OPEC+ deal

Russia, Saudi agree everyone should implement OPEC+ deal

Russian Energy Minister Alexander Novak said that he and Saudi Arabia’s new energy minister agreed that all parties should implement the global oil output deal between OPEC and its allies, Reuters reported citing Interfax news agency. …