Russian gas giant Gazprom does not fear competition from the U.S. liquefied natural gas (LNG), Deputy CEO Alexander Medvedev said. “We are very well prepared for competition. When they ask me if we fear competition with the U.S. LNG, I openly say that I am not afraid of that”, he said. Gazprom’s confidence comes from…
Yuzgas B.V. (the Netherlands) and its parent company, Emerstone Energy investment fund (Luxembourg), will consider the disclosure of their ultimate beneficiaries after they agree on the main provisions of the agreement on Yuzivska deposit with the government of Ukraine, reads a letter to Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk, promulgated by MP Viktoria…
Public joint-stock company Turboatom (Kharkiv) buys welded pipes to make condensers of turbines for National Nuclear Generating Company Energoatom from a foreign manufacturer at a price that is almost twice higher than their market price: some $12 per kg with the market price of around $6.8 per kg. Director of Osada Institute of Tube Industry…
Russian gas giant Gazprom has established a company to develop systems for underwater production of oil and natural gas on the shelf, including the Yuzhno-Kirinskoye field off the island of Sakhalin in the Far East of the country, Deputy CEO Vitaly Markelov said. “The U.S. account for 81% of the market for systems of underwater…
International energy prices will start growing very soon, Russian gas giant Gazprom CEO Alexei Miller said at an International Gas Forum. “The current level of international prices does not allow the world’s economy to solve tasks that may be solved only with the help of gas. And this means that we will definitely see a…
DTEK Energy Operating Company in the framework of restructuring its loan portfolio will transfer Obukhovskaya mine directorate (the Russian Federation) together with borrowings of $436 million to DTEK strategic holding for direct control. According to the press service of the holding, this will allow to reduce the loan portfolio of DTEK Energy that will improve…
Russia has set a new record in oil production by increasing output by 4% MoM to 11.11 million barrels per day (bpd) in September, Reuters reported on October 2, citing the latest data of the Energy Ministry. Bloomberg also reported citing the data that Russia’s daily production of natural gas increased by 5.15% YoY and…