Latest news
Gazprom choses Linde as associate for LPG exports terminal
Russian natural gas exporter Gazprom has chosen Germany's Linde as a partner to construct a liquefied petroleum gas (LPG) export terminal in the Russian Far East, as stated by a Linde representative.
read more... 26/10/2015
Russia approves energy sector tax increases in 2016
Russia's government has approved plans to raise its mineral extraction tax (MET) on energy giant Gazprom and keep unchanged an oil export duty calculation mechanism next year, as declared by First Deputy Prime Minister Igor Shuvalov on Thursday.
read more... 09/10/2015
Daily: Crude oil prices soar at three-month high on market oracle PIRA bullish forecast
Crude oil prices hiked to their highest level in three month on Thursday after PIRA Energy Group forecasted that oil prices would increase to $75 in 2017, adding to previous gains curbed after a rise in Chinese stockpiles and worries about Russia's military involvement in Syria. PIRA Energy Group, the oil market oracle, said it sees crude prices at $70 per barrel by the end of 2016 and $75 a barrel in 2017. Brent crude oil futures rose by $1.72 to close at $53.05 a barrel, while U.S. crude futures edged $1.62 higher to settle at $49.43 a barrel.
read more... 09/10/2015
Ukraine reduces gas imports from Europe in October
Ukraine, which still has no final accord with Russia on gas supplies for the winter, has suddenly cut its imports from Europe this month, as stated by Ukrainian gas transport monopoly Ukrtransgaz on Wednesday.
read more... 08/10/2015
Russia: Gazprom will halve the pipeline capacity of the TurkStream
Gazprom has nearly halved the intended capacity of its TurkStream gas pipeline project to 32 billion cubic metres (bcm) per year from an initial capacity of 63 bcm, as stated by Gazprom Chief Executive Officer Alexei Miller on Tuesday.
read more... 07/10/2015