Russian gas and oil

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Russia to supply 87 mln tons of oil in 2023 to West

Russia to supply 87 mln tons of oil in 2023 to West

The West will receive 87 million tons of Russian oil this year, Russia's Deputy Prime Minister Alexander Novak said. "Only 87 million tonnes or 40% will be left of the 223 million tonnes of oil and oil …

Gazprom to halt gas via Turkish stream for maintenance

Gazprom to halt gas via Turkish stream for maintenance

 Russian gas producer Gazprom said on Friday that it would turn off gas flows in the Turkish Stream pipeline from June 5-12 to carry out annual maintenance work. "Scheduled annual maintenance of the TurkStream …

Russia-China trade may exceed $200 bln

Russia-China trade may exceed $200 bln

The bilateral trade turnover between Russia and China may exceed the benchmark of $200 billion this year, Russian Prime Minister Mikhail Mishustin said on Wednesday during talks with premier of the State Council of China Li Qiang. …

Europe does not want to wean itself off Russian gas

Europe does not want to wean itself off Russian gas

The European Union is reportedly unlikely to introduce a ban on imports of pipeline gas from Russia in the 11th package of sanctions as this idea has no support in Brussels, Politico …

EU to ban restart of Russian gas supply on routes to Europe

EU to ban restart of Russian gas supply on routes to Europe

The Group of Seven (G7) countries and the European Union are planning to ban Russian gas imports via routes where Moscow has previously cut supplies, acording to Financial Times referring to officials taking part in negotiations. …

Russia's Jan-Apr budget deficit hits 3.4 trln rubles

Russia's Jan-Apr budget deficit hits 3.4 trln rubles

Russia's federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the year, the Russian finance ministry said. Oil and gas revenues of the Russian budget plummeted by 46% year-on-year in …

Turkey's deferment on Russian gas payments negotiated

Turkey's deferment on Russian gas payments negotiated

Turkey has agreed with Russian gas giant Gazprom for a deferral of a portion of payments due on natural gas supplied to the country, Turkish Energy Minister Fatih Donmez said on a broadcast by the Haber Global TV channel. …

Armenia left without Russian gas for four days

Armenia left without Russian gas for four days

Russia temporarily halted gas supplies to Armenia on Monday for four days to conduct planned maintenance on a major gas pipeline, Gazprom Armenia said. In a statement, Gazprom Armenia - a subsidiary of Russia's gas giant Gazprom - …

Gazprom reveals it has gas reserves for 100 more years

Gazprom reveals it has gas reserves for 100 more years

Gazprom has enough gas reserves to last 100 years - the company's recoverable gas reserves will reach 35 trillion cubic meters by the end of 2022, Chairman of the holding's Board of Directors Viktor Zubkov said. …

Türkiye acknowledges Europe's unpreparedness for gas crisis

Türkiye acknowledges Europe's unpreparedness for gas crisis

Europe was caught unprepared for the energy crisis, Turkish Energy Minister Fatih Dönmez said, stressing many European countries had to prefer liquefied natural gas to meet the demands. But that increased the energy …

Russian LNG imports to Georgia up almost 50%

Russian LNG imports to Georgia up almost 50%

Liquefied gas supplies from Russia to Georgia soared by 47.9% in January-February 2023 year-on-year, the Union of Georgian Importers of Petroleum Products reported. "In January-February 2023 imports of liquified gas amounted to …