What Jolted Russia’s Investments Is About to Fizzle Out; From pipelines to cash registers, the factors that caused last quarter’s pickup in investment are only temporary

Gas Facility file photo

(Bloomberg – bloomberg.com – Anna Andrianova – August 30, 2017) [Text with charts bloomberg.com/news/articles/2017-08-30/what-jolted-russia-s-investments-is-about-to-fizzle-out] Russian investments have spiked to a five-year high as the economy exited recession, but the factors that drove the boom are already fading. Fixed-capital investment accelerated an annual 6.3 percent in the second quarter, according to Bank of Russia estimates, the most since 2012. The jump […]

» Read more

TRANSCRIPT: Vladimir Putin made a working trip to Chelyabinsk Region

File Photo of Russian MI-26 Helicopter in Afghanistan with MI-17 Helicopter In Background

(Kremlin.ru – December 5, 2016) The President toured the Makeyev State Rocket Centre in Miass, where he held a meeting on the centre’s activity. Vladimir Putin took part in the launch of a new production line at the Eterno Plant in Chelyabinsk, which produces advanced components for pipe systems using nanotechnology. The Eterno Plant is a joint project of the […]

» Read more

International Economic Forum opens in St. Petersburg

Diverse Paper Currency, Coins, Line Graph

Russian observers expect dialogue and possible progress on the softening of EU sanctions against Russia from the forum, as well as Gazprom and Shell’s joint launch of an enormous LNG plant in Russia’s northwest. (Russia Beyond the Headlines – rbth.ru – ALEXEI LOSSAN, RBTH – June 16, 2016) Leading world economists have gathered at the St. Petersburg International Economic Forum […]

» Read more

Why is Russia’s biggest gas pipeline being built on an uncompetitive basis?

Gas Flame file photo

Contracts for laying the Power of Siberia pipeline from Russia to China are being dished out mainly without tenders and are often handed to close friends of Russian President Vladimir Putin. However, Russian analysts deny that anything is amiss and insist this is related to Gazprom being afraid of not finishing them on time for its Chinese partner. (Russia Beyond […]

» Read more

Nord Stream 2: Is Russian gas politically incorrect?

Gas Flame file photo

A lobbying campaign against the extension of the Nord Stream 2 gas pipeline, spearheaded by Gazprom together with five European energy majors, has now engulfed the European Parliament. What are the arguments of the opponents and are they business-focused or politically motivated? (Russia Beyond the Headlines – rbth.ru – VLADIMIR MIKHEEV, SPECIAL TO RBTH – March 4, 2016) Twelve members […]

» Read more

Winter freeze looms as “transit-less” Ukraine scrabbles for Russian gas

Gas Flame file photo

(Business New Europe – bne.eu – Sergei Kuznetsov in Kyiv – September 14, 2015) With the approach of winter, the government in Kyiv is trying to muster funds to stockpile Russian natural gas ahead of the heating season and secure an affordable gas purchase price under a new “winter package”. Meanwhile, one of its chief bargaining chips and money-earners seems […]

» Read more

Russia-China pipeline to be largest infrastructure project in world – premier

Gas Flame file photo

(Interfax – June 29, 2015) Russian Prime Minister Dmitriy Medvedev has announced that the Power of Siberia gas pipeline, which is set to run from Russia to China, will be the world’s largest infrastructure project, privately-owned Russian news agency Interfax reported on 29 June. Speaking at a ceremony dedicated to the start of construction of the Chinese part of the […]

» Read more

NEWSLINK Reuters: Russia’s Gazprom presses on with Turkey pipeline despite questions

Turkey map

Russia’s Gazprom plans to start building a pipeline to Turkey this month to get gas to Europe without going through Ukraine, company sources said, although it has no firm agreement with Ankara and faces opposition from the European Union.

» Read more

Questions appear as Russia drops controversial South Stream pipeline

Map of Commonwealth of Independent States, European Portion

(Russia Beyond the Headlines – rbth.ru – Alexei Lossan, RBTH – December 2, 2014) Russian President Vladimir Putin has announced that Russia is calling off the South Stream project to construct a gas pipeline to Europe via the Black Sea. According to Russian experts, the recent dramatic increase in the project’s cost could have had a hand in the Kremlin’s […]

» Read more

Gazprom’s EU customers not at risk for now

Gas Flame file photo

(Business New Europe – bne.ru – Teneo Intelligence – June 17, 2014) Following the failure of negotiations on natural gas pricing and debt between Russia and Ukraine last weekend, Russian company Gazprom reduced supply volumes to Ukraine, the main transit country for gas delivered to Gazprom’s EU customers. However, Gazprom continues to deliver contracted amounts to the EU for now, […]

» Read more

RIA Novosti: Europe Ready to Consider Opal Pipeline For Future Gas Supplies – Gazprom

Gas Flame file photo

MOSCOW, June 16 (RIA Novosti) – If Ukraine disrupts Russian gas transit via its territory, the European Commission is ready to negotiate increased deliveries through the Opal pipeline, Gazprom CEO Alexei Miller said Monday. “We have discussed this issue with the European Commission. It is now as follows: if we record problems with transit via the territory of Ukraine, then […]

» Read more

Why The Russia-Ukraine Gas Dispute Is Making Europe Worried

Gas Flame file photo

(RFE/RL – rferl.org – Charles Recknagel – May 7, 2014) The European Union gets about one-third of its natural gas from Russia, and about half of that gas arrives in Europe via pipelines passing through Ukraine. Moscow is threatening to cut off natural-gas deliveries to Ukraine unless Kyiv promptly pays its outstanding bills. And that means the EU could potentially be caught in the […]

» Read more

New Sanctions May Freeze South Stream Pipeline

Gas Flame file photo

(Moscow Times – themoscowtimes.com – Alexander Panin – April 9, 2014) As the EU presses on with sanctions against Russia for seizing Crimea, the $50 billion South Stream pipeline, meant to bring Russian gas through the Black Sea to Europe, may be frozen in favor of other projects. The European Union is close to freezing the progress of South Stream […]

» Read more

German Companies Remain Supportive of South Stream Gas Pipe

Gas Flame file photo

(Moscow Times – themoscowtimes.com – Alexander Panin – April 7, 2014) While Russia’s standoff with the West over Ukraine may have caused Italian energy group Eni to distance itself from the huge South Stream gas pipeline project linking Russia to Central Europe, partners from Germany, which is highly dependent on Russian gas, have stayed faithful. On Friday, German engineering conglomerate […]

» Read more

Gazprom Completes First Solo Offshore Project

Map of Northern Japan, Kurill Islands, Sea of Okhotsk, Portions of Russian Far East

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – October 25, 2013) Gazprom has started to operate the first offshore field that it has developed on its own, in a test of its power to perform the challenging task without foreign partners. Sitting off the Pacific island of Sakhalin, the Kirinskoye field will feed natural gas to Asia, as demand from […]

» Read more

Russia mulling options for European gas strategy, Nord Stream pipeline

File Photo of Blue Flame from Natural Gas

(Interfax – April 9, 2013) Russia’s strategy on the European gas market could be built on reinforcing its position in non-EU European countries and introducing independent gas companies to Russian projects in Europe, Russian privately owned Interfax news agency reported on 9 April, quoting a source in Russia’s Energy Ministry. Separately, Gazprom CEO Aleksey Miller has said that expanding the […]

» Read more

Putin Pipeline to Send 25% of Russia’s Oil Exports East

Oil Well file photo

(Bloomberg – bloomberg.com – Jake Rudnitsky – March 7, 2013) Russia is on course to send an unprecedented 25 percent of its crude exports to eastern markets by 2015 as rising demand from China and other Asian consumers attracts sales at the expense of Europe. The country sent 1.1 million barrels a day east in February, or 22 percent of […]

» Read more

Minister Seeks Exemption From EU Energy Package for South Stream

File Photo of Blue Flame from Natural Gas

(Moscow Times – themoscowtimes.com – Howard Amos – Dec, 17, 2012) Gazprom’s $12.7 billion South Stream gas pipeline should be exempted from the European Union’s third energy package, Russian Energy Minister Alexander Novak said Friday. An updated Russian proposal arguing that the functioning Nord Stream pipeline and the planned South Stream pipeline should receive special treatment because they straddle both […]

» Read more

World’s Largest Profit at Gazprom Pays for Putin’s Pipes

Russian Gas Facility file photo

(Bloomberg – bloomberg.com – Stephen Bierman & Anna Shiryaevskaya – Dec. 12, 2012) The world’s most profitable energy company is being punished by investors who are concerned it’s also the biggest spendthrift. OAO Gazprom (OGZD), Russia’s natural-gas export monopoly, will beat Exxon Mobil Corp. (XOM) to earn $37.9 billion in 2012, according to estimates compiled by Bloomberg. Yet its shares […]

» Read more

SUMMARY: Gazprom’s Gas Pipeline Lineup

MOSCOW. Oct 9 (Interfax) – Gazprom (RTS: GAZP) is ever more aggressively pushing itself onto the European market. Upon launching Line 2 of the Nord Stream gas pipeline on Monday, the Russian gas giant announced that additional capacity should be built in this direction. The new project could tentatively be called Nord Stream-2, although its potential participants and markets are […]

» Read more