Browsing Tag

Russia

Oil jittery as Saudi Arabia-Russia talks delayed

Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are…

Russia to OPEC – deeper oil cuts won’t work

This week’s oil price rout had become inevitable and cutting output has ceased to make sense because it is unclear how deep the impact of the coronavirus on demand will be, Russia’s deputy energy minister said in an interview with Reuters…

Before OPEC meeting, Russia is cagey about more oil cuts

With a critical meeting of the Organization of Petroleum Exporting Countries (OPEC) just days away, the cartel's most crucial ally, Russia, remains cagey about its willingness to cut oil production to buoy prices hit by the coronavirus…

Power of Siberia: Massive Russian gas pipeline

Russia switched on an enormous gas pipeline to China worth billions of dollars, affirming increasingly close economic and political ties between the two countries. Named the “Power of Siberia,” the pipeline runs more than 8,100 kilometers…

31 December 2019: Will gas stop flowing?

The clock is ticking. The long-term gas transit contract between Russia and Ukraine expires on 31 December. Chances that the two sides could reach a comprehensive agreement before this date are slim. EURACTIV looks behind the scenes of the…

Denmark approves route for Nord Stream 2

A major Russian natural gas pipeline that bypasses Ukraine and Poland can finish construction. Denmark gave permission for a natural gas pipeline from Russia to Germany to pass through waters in its exclusive economic zone, meaning that…

EU-mediated Russia-Ukraine gas talks in deadlock

Russia and Ukraine need a sense of urgency in their talks on gas transit for Europe, the European Union’s energy chief said after the latest round in Brussels on Monday (28 October) failed to yield progress. The talks took place only…

Black Sea LNG: dreams vs reality

To date, the Black Sea has no LNG terminal. Romania and Ukraine each harbored plans to build the first LNG terminal in the Black Sea: Romania at Constanta (land based) and Ukraine at Odessa (FSRU). However, there has been little progress in…

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