Tag: Gas

JRL NEWSWATCH: “Russia’s Sovcomflot Says Arctic Sailings Will Become Routine; CEO of the state-owned shipping giant says melting polar ice will draw more ship operators to Siberian waters” – Wall Street Journal/Costas Paris

China, Far East, Siberia, APEC, JRL NewsBlog
Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

“‘The Northern Sea Route shipments are growing …’ [Russian state-owned shipping Sovcomflot] Chief Executive Sergey Frank said … ‘It’s a question of time before all kinds of ships routinely cross it.’ Arctic routes are drawing greater attention as the global climate warms and polar ice recedes, potentially opening new paths between Asia and Europe. The mostly frozen NSR seaway … […]

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Will The U.S. Slap Sanctions On Nord Stream 2?

Europe, EU, Germany, Oil, Gas, Energy, Sanctions, United States, U.S.-Russian Relations
Gas Flame file photo

(Oilprice.com – Nick Cunningham – May 23, 2019) There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments and officials from Eastern Europe fear […]

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JRL NEWSWATCH VIDEO: “The U.S. Department of Energy’s Rebranded ‘Freedom Gas’ Is a Not-So-Subtle Dig at Russia” – Fortune

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

[scroll down for video] “… the Department of Energy … [has] touted the expansion of [a] liquid natural gas … facility … by saying that it would spread ‘freedom gas’ to the world. … giv[ing] ‘America’s allies a diverse and affordable source of clean energy’ …. Not only has the U.S. become largely energy independent … the shale boom has […]

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JRL NEWSWATCH: “Why are Russian stocks so cheap?” – Intellinews/ Ben Aris

Economy, Business, Investment, Trade, JRL NewsBlog
File Photo of Outdoor Electronic Sign with Russian Exchange Data

“Investors into Russian stocks have almost given up on seeing any of the cash the country’s leading companies generate. The valuation of what should be some of the world’s richest companies are in the basement, as would-be minority investors don’t believe the management will share the billions of dollars in revenue these companies make every year. Russia’s stock market boomed […]

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Russia Could Take Hold Of China’s Entire Gas Market

Politics, Government, Protests, Elections
Gas Flame file photo

“As the trade war between the U.S. and China intensifies … Beijing has vowed to retaliate. … Not only will the trade war impact U.S.-Chinese LNG deals, but it will impact the overall global LNG market since the U.S. is the fastest growing LNG producer ….”

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RUSSIALINK: “Putin’s New Energy Security Doctrine Preaches Self-Reliance; Updated plan tackles sanctions and global demand.” – Moscow Times

Oil, Gas, Energy, Politics, Government, Protests, Elections
Oil Well file photo

(Moscow Times – themoscowtimes.com – May 15, 2019) Russian President Vladimir Putin has approved a new energy security doctrine preaching self-reliance in the face of geopolitical isolation. Russia has unrivaled energy resources and is the world’s top exporter of gas and its second-biggest of crude oil. The new doctrine replaces the 2012 plan and takes into account threats to Russia’s […]

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RUSSIALINK: “In Russia’s Arctic, Oil Majors and Reindeer Herders Are Coming Together; Sustainable development and cooperation are replacing encroachment on pastures.” – Moscow Times

Arctic, Environment, Oil, Gas, Energy
Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

(Moscow Times – themoscowtimes.com – NARYAN-MAR, May 15, 2019) Russia’s oil and gas giants are establishing a new model in the country’s Arctic based on sustainable development and cooperation with the region’s native reindeer herders. A decade ago, locals were struggling to sustain their traditional way of life due to the energy firms’ growing encroachment on their pasturelands. And as […]

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JRL NEWSWATCH: “The UK executives helping Putin burnish Russia’s image; Meeting with top British businessmen could not come at a better time for the Kremlin” – Financial Times/ Henry Foy

Britain, UK, United Kingdom, Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, JRL NewsBlog
File Photo of British Parliament Building, Big Ben, Thames, adapted from image at loc.gov

“Eleven years ago [BP’s] Bob Dudley … fled [Russia] citing ‘sustained harassment of the company and myself’ and threats to his life allegedly directed by politically connected oligarchs and Russia’s security services. Last month … Dudley, now head of the British oil group, was back, telling … Putin … at the Kremlin that he and the British company ‘deeply appreciate […]

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RUSSIALINK: “Putin Kicks Off Massive New Gas Field in Russia’s Arctic” – Moscow Times

Arctic, Oil, Gas, Energy
Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

(Moscow Times – themoscowtimes.com – March 20, 2019) President Vladimir Putin has kicked off the full-scale development of one of Russia’s largest proven gas fields in the Yamal peninsula, the Kremlin reported on Wednesday. The Kharasaveyskoye gas field is located in the Yamal-Nenets autonomous district, a key gas-producing region in an economy that heavily relies on gas exports. This month, […]

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RUSSIALINK: “Russia’s Natural Resources Make Up 60% of GDP” – Moscow Times

Economy, Business, Investment, Trade, Oil, Gas, Energy
Oil Well file photo

(Moscow Times – themoscowtimes.com – March 14, 2019) Russia’s Natural Resources and Environment Ministry estimates that the combined cost of the country’s oil, gas and other resources amounts to 60 percent of its gross domestic product, the RBC news website reported on Thursday. As one of the world’s top producers of natural gas and oil, Russia’s economy is heavily reliant […]

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The World’s Most Geopolitically Charged Pipeline

Economy, Business, Investment, Trade, Europe, EU, NATO, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

(Oilprice.com – Tim Daiss – January 19, 2019) Russia’s proposed pipeline to bring more gas from Russian fields into Europe via an undersea pipeline to Germany seems to be unable to shake both geopolitical maneuvering as well as headline-grabbing quotes from both sides of the divide. On Thursday, Wolfgang Ischinger, chairman of the Munich Security Conference, and a seasoned diplomat […]

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Diminishing Returns: How Effective Are Sanctions Against Russia?

Economy, Business, Investment, Trade, Sanctions, United States, U.S.-Russian Relations

(PONARS Eurasia – Stacy Closson – January 2019 – ponarseurasia.org/memo/diminishing-returns-how-effective-are-sanctions-against-russia) Stacy Closson is a Global Fellow at the Woodrow Wilson Center’s Kennan Institute and a Senior Adjunct Professional Lecturer at American University’s School of International Service. (PONARS Policy Memo) In November 2018, the Trump administration announced another set of sanctions on Russian individuals and entities for supporting Russia’s economic integration […]

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NEWSLINK: “Ukraine Wants to Be a Part of the West; But it’s strategy is yielding mixed results” – The National Interest/ Nikolas K. Gvosdev

Europe, EU, Newslinks, Ukraine, United States, U.S.-Russian Relations
Petro Poroshenko file photo, with additional men in background, adapted from image at state.gov

“Ukrainian president Petro Poroshenko has staked his country’s future and his own chances at re-election to a second term on three gambles. He hopes that these gambles will permanently rupture Ukraine’s connections to Russia and ensure that Ukraine becomes a full member of the Western community of nations. So far, however, the scorecard is showing mixed results. …”

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JRL NEWSWATCH: “Europe is fast-becoming a natural gas battleground for Russia and the U.S.” – CNBC/ Holly Ellyatt

Europe, EU, JRL NewsBlog, Oil, Gas, Energy
Gas Flame file photo

“With 28 countries and a combined population of around 512 million people, the European Union is something of a prized market – and political battleground – for the world’s largest energy exporters …. Russia has long been the dominant source and supplier of natural gas to Europe’s mass market but the U.S. is looking to challenge Russia … [with] U.S. […]

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JRL NEWSWATCH: “Every fifth Russian worker earns less than $250 per month” – bne Intellinews

Economy, Business, Investment, Trade, JRL NewsBlog, Regions, Cities, Municipalities
Cash, Calculator, Pen

“Every fifth Russian worker earns less than RUB15,000 ($250) per month, according to … a study by the RIA Rating agency [cited by] … RIA Novosti …. Over 33% of people living in 22 regions earn less than this amount, according to the survey. [The worst were] Dagestan … (46%) … [and the] Karachay-Cherkess Republic (44%). In six regions, two […]

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Russia Outmaneuvers U.S. LNG

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

(Oilprice.com – Nick Cunningham – November 28, 2018) For years, boosters of U.S. LNG have trumpeted the fact that gas exports from the Gulf of Mexico could break Russia’s grip on the European energy market. That has yet to be the case, and in fact, Russia has managed to respond with various strategies to maintain its market share on the […]

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Russia Takes Major Leap In European Gas War

Europe, EU, Oil, Gas, Energy, Turkey
Gas Flame file photo

(Oilprice.com – Vanand Meliksetian – Nov. 17, 2018) [Text with links and graphics oilprice.com/Energy/Energy-General/Russia-Takes-Major-Leap-In-European-Gas-War.html] On November 19th, President Putin will stand shoulder to shoulder with President Erdogan during a ceremony to celebrate the completion of the first string of Turk Stream. The subsea gas pipeline will transfer 15.75 bcm directly from mainland Russia to Turkey. The capacity will double after […]

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More U.S. Sanctions On Russia Would Be Counter Productive

Economy, Business, Investment, Trade, Sanctions, South Korea, United States, U.S.-Russian Relations
U.S. Capitol in Bright Sunlight

(Oilprice.com – Nicholas Trickett – September 20, 2018 – oilprice.com/Energy/Energy-General/More-US-Sanctions-On-Russia-Would-Be-Counter-Productive.html) Hoping to push back against Russia and prevent president Trump from changing current policy, the Senate has produced two new sanctions bills: the Defending Elections from Threats by Establishing Redlines (DETER) Act and the Defending American Security from Kremlin Aggression Act (DASKAA). Both would create a new set of harsh […]

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JRL NEWSWATCH: “Hungarian PM reaches agreement on gas deliveries from Russia to 2020” – bne Intellinews

Economy, Business, Investment, Trade, Europe, EU, Hungary, Oil, Gas, Energy
Gas Flame file photo

“Hungary has reached an agreement on gas deliveries from Russia for both 2019 and 2020, Prime Minister Viktor Orban said at a joint press conference with … Putin … [Orban] has built strong ties with Putin over the years, defying his EU partners. The Russian president has become his main ally since he announced his plans to build an illiberal […]

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Russia Looks To Boost Gas Sales In Tighter European Markets

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy
Gas Flame file photo

(Oilprice.com – Tsvetana Paraskova – September 8, 2018) Western Europe will need more flexibility in natural gas supplies in the coming winter season. The European market has been tight amid higher demand in the summer’s heat wave, while natural gas stockpiles are lower than usual after one of the coldest winters in the past decade. Liquefied natural gas (LNG) is […]

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JRL NEWSWATCH: “Russian oil and gas groups shrug off sanctions; Higher crude prices and weakened rouble bolster producers’ profits” Financial Times/Henry Foy

Economy, Business, Investment, Trade, JRL NewsBlog, Oil, Gas, Energy, Sanctions
Gas Facility file photo

“Higher energy prices and a weakened rouble saw second-quarter profits soar at three of Russia’s largest oil and gas groups … the country’s energy industry … has weathered international sanctions to reap strong earnings. Gazprom, the world’s largest gas producer, said … second-quarter profits had risen an annual 440 per cent … both exports to Europe and average prices jumped. […]

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JRL NEWSWATCH: “Busting Nord Stream 2 myths” – bne Intellinews/Ben Aris

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

“The proposed expansion of the capacity of the Nord Stream gas pipeline in Europe’s north, running from Russia’s Yamal gas fields to the German coast, has split Europe …. detractors claim it will make Europe more dependent on Russian gas and give the Kremlin a bigger club … to bully the rest of Europe. … supporters say it will diversify […]

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JRL NEWSWATCH: “Ukraine marks 1,000 days without Russian gas” – Interfax-Ukraine

JRL NewsBlog, Oil, Gas, Energy, Ukraine
Gas Flame file photo

“Naftogaz of Ukraine has not been buying natural gas from Russia’s Gazprom for 1,000 days. Since Nov. 26, 2015, the country has been instead importing gas from the West. …  in December 2017, the Arbitration Institute of the Stockholm Chamber of Commerce revised the contract between Naftogaz and Gazprom. … rul[ing] that the price of gas for Naftogaz must be […]

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Analysts: Russia’s Oil Industry Won’t Crumble Under U.S. ‘Bill From Hell’

Economy, Business, Investment, Trade, Oil, Gas, Energy, Sanctions, United States, U.S.-Russian Relations
American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

(Oilprice.com – Tsvetana Paraskova – August 17, 2018) The ‘bill from hell’ of hard-hitting sanctions against Russia that U.S. Senators introduced earlier this month is unlikely to have a wide-ranging impact on Russia’s oil industry, analysts and economists tell Reuters. Since the United States slapped sanctions on Russia in 2014 over the Crimea annexation, Russian oil firms have drastically cut […]

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Is This The Most Important Geopolitical Deal Of 2018?

Azerbaijan, South Caucasus, Central Asia, Iran, Kazakhstan, Oil, Gas, Energy, Turkmenistan

(Oilprice.com – Olgu Okumus – August 13, 2018 – oilprice.com/Geopolitics/Asia/Is-This-The-Most-Important-Geopolitical-Deal-Of-2018.html) The two-decade-long dispute on the statute of the Caspian Sea, the world largest water reserve, came to an end last Sunday when five littoral states (Russia, Iran, Turkmenistan, Kazakhstan and Azerbaijan) agreed to give it a special legal status – it is now neither a sea, nor a lake. Before […]

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JRL NEWSWATCH: “Russia to increase oil production to new record highs in 2019” – bne Intellinews

Economy, Business, Investment, Trade, Oil, Gas, Energy
File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“… [According to OPEC,] Russian oil production has increased recently to a record 11.2mn barrels a day …. Russian state-owned oil producer Rosneft has already earned more profit in the first quarter of this year than in all of 2017 … ma[king] it the most valuable company in the country. The Russia’s energy ministry has raised its forecast for oil […]

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JRL NEWSWATCH: “Russia Is Building $320 Million Icebreakers to Carve New Arctic Routes; The 1,000-foot-long vessels for hauling liquefied natural gas can cut through ice up to 7 feet thick” – Bloomberg/Eric Roston

Arctic, JRL NewsBlog, Oil, Gas, Energy, Transportation
Arctic Map

“… there’s no less hospitable an industrial workplace than Yamal LNG, a $27 billion liquid natural gas plant … in Russian territory 375 miles north of the Arctic Circle. In the winter, when there’s zero sun for more than two months, temperatures reach -13F on land and -58F in the blinding fog out at sea. … [T]here’s a lot of […]

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U.S. And Russia To Dominate World’s Oil & Gas Pipeline Spending

Economy, Business, Investment, Trade, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

(Oilprice.com – Tsvetana Paraskova – June 28, 2018) The U.S. shale boom and the massive Russian expansion of natural gas pipelines will make the United States and Russia the dominant spenders on oil, petroleum products, and natural gas pipelines through 2022, data and analytics company GlobalData says in a new report. The other big spenders between 2018 and 2022 will […]

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JRL NEWSWATCH: “Russia-Saudi Plans for Super-OPEC Could Reshape Global Oil Order” – Bloomberg/Will Kennedy, Elena Mazneva, Wael Mahdi

Economy, Business, Investment, Trade, Mideast, North Africa, Syria, Egypt, Libya, Oil, Gas, Energy
File Photo of King Salman of Saudi Arabia Seated Next to Saudi Flag and Gesturing, adapted from image at defense.gov

“… the group overseeing the so-called OPEC+ deal met last night [with] proceedings … dominated by … Saudi Arabia and Russia. … probably a snapshot of the oil market’s future.  Beyond … this week’s diplomatic efforts to agree to an increase in oil production, the more significant longer-term development may be moves to make Russia’s role in managing global supply […]

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JRL NEWSWATCH: “Transformed Gas Markets Fuel U.S.-Russian Rivalry, But Europe Plays Key Role Too [Excerpt]” – Russia Matters/Morena Skalamera

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

[Full text: russiamatters.org/analysis/transformed-gas-markets-fuel-us-russian-rivalry-europe-plays-key-role-too; This article first appeared on the Russia Matters website, russiamatters.org, with the title “Transformed Gas Markets Fuel U.S.-Russian Rivalry, But Europe Plays Key Role Too”] “This month, the Wall Street Journal reported that U.S. President Donald Trump has been pressuring Germany to drop its support for a major new Russian gas pipeline if Europe wants to avoid […]

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Russia Just Won Big In The European Gas War

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Facility file photo

(Oilprice.com – Tim Daiss – May 28, 2018) There’s been a lot of talk on both sides of the Atlantic about the U.S. pivot and efforts at locking in natural as market share in Europe. Much of this comes amid President Donald Trump’s so-called American energy independence push as well as both U.S. and several EU members thrust to wean […]

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Europe Buys More Russian Gas Despite Strained Relations

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy
Gas Flame file photo

(Oilprice.com – Tsvetana Paraskova – May 8, 2018) The West-Russia relations have reached a new low since the Cold War amid the spy poisoning scandal in the UK, allegations of Russian meddling in elections, and fresh U.S. sanctions on Russia. Yet European countries continue to buy increased amounts of Russian gas, and Russia’s state-held gas giant Gazprom is boosting production […]

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NEWSWATCH: “Misplaced Fears Over Nord Stream 2; Nord Stream 2 provides another reliable route for transporting gas to Europe, nothing more, nothing less.” – The National Interest/Klaus Schäfer, Mario Mehren, Rainer Seele

Economy, Business, Investment, Trade, Environment, JRL NewsBlog, Oil, Gas, Energy
Gas Flame file photo

“… The European gas market has … modernized and liberalized over the last decade. …. The Third Energy Package put in place a well-developed, intra-European framework of hubs that allows gas to flow freely in multiple directions from a variety of points of origin. … allow[ing] European consumers to buy gas from whomever they wish … [it] simply does not […]

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NEWSWATCH: “Russia in interesting times: increased risk bad; weaker ruble good” – bne Intellinews/Chris Weafer

Economy, Business, Investment, Trade, Oil, Gas, Energy, Politics, Government, Protests, Elections, Sanctions
Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

“… April 6 U.S. sanctions [represent a significant shift] in terms of risk … actual and perceived, for foreign investors and companies …. The … Treasury Department … expanded the risk paramaters … targeting oligarchs and their business interests … previously it was assumed that sanctions expansion would be confined to political targets and individuals considered close to the president […]

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NEWSLINK: “The Arctic as the next battleground? Don’t count on it” – Asia Times/Richard A. Bitzinger

Arctic, Newslinks, United States, U.S.-Russian Relations
Arctic Map

“… as tensions between Russia and the West also grow, where might conflict between these two camps break out? … Global warming … raises the specter that the Arctic might become a new zone for conflict, as the polar icecap recedes and the area becomes more accessible. In the first place, competition for natural resources in the region is increasing. […]

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NEWSWATCH: “Putin’s Turkey visit brings S-400 missile and nuclear plant headway” – bne Intellinews

Arms Trade, Economy, Business, Investment, Trade, JRL NewsBlog, Mideast, North Africa, Syria, Egypt, Libya, Military, Nuclear Energy, Nuclear, Missile Defense, Oil, Gas, Energy
Turkey and Environs Satellite Image

“… Erdogan received … Putin in Ankara … with a crowded agenda … including … Turkey’s first nuclear power plant, the purchase of the Russian S-400 missile defence system and progress with the TurkStream natural gas pipeline …. even more challenging … with the scheduled arrival of Iranian President Hassan Rouhani and … the complicated task of finding an end-game […]

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NEWSWATCH: “Ukraine maintains gas transit to Europe despite new gas war with Russia” – Intellinews/Ben Aris

JRL NewsBlog, Oil, Gas, Energy, Ukraine
Gas Flame file photo

“Fears that Russia would stop sending transit gas to its European customers via Ukraine were not borne out over the weekend despite Russian state own gas monopolist Gazprom’s announcement that it was going to break its contracts with its Ukrainian counter party Naftogaz on March 2. Naftogaz immediately announced emergency measures, calling on Ukrainians to turn down the thermostat, switching […]

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Can Russia Sustain Its Foreign Policy Power Plays in 2018?

Foreign Policy, Security, Visas, Mideast, North Africa, Syria, Egypt, Libya, Oil, Gas, Energy, Sanctions, Syria, United States, U.S.-Russian Relations
File Photo of U.S. Embassy Moscow, with Russian Foreign Ministry Building in Distance

(Moscow Times – themoscowtimes.com – Jonathan Brown, Editor, Moscow Times – January 31, 2018) When Vladimir Putin landed in Syria late last year, he was greeted by President Bashar Assad not as a foreign dignitary, but as the guardian of the embattled nation. “Syria has been preserved as a sovereign and independent state,” Putin told soldiers assembled at the Khmeimim […]

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NEWSWATCH: “Gazprom gas exports to Europe rise 8% to new record” – Financial Times/ Henry Foy

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Flame file photo

“Russia’s gas exports to Europe rose 8.1 per cent last year to a record level of 193.9bn cubic metres (bcm), the company’s head said … as the world’s largest gas producer continued to increase sales despite rising competition from LNG and other sources. Gazprom … has a monopoly over Russia’s gas pipelines to Europe [and] has been forced to reduce […]

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NEWSLINK: “Russia to Keep Its Grip on Europe’s Gas Market After Record 2017” – Bloomberg/ Elena Mazneva

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy
Gas Facility file photo

“Russia is working to keep natural gas exports to Europe near record levels in 2018 after the continent’s biggest supplier, Gazprom PJSC, said its deliveries this year signal it is achieving on its ambitions to expand. …”  

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NEWSWATCH: “U.S. Criticizes Germany’s Support of New Russian Natural Gas Line; Top state department official praises Denmark for passing law that could hamper pipeline project” – Wall Street Journal/ Paul Sonne

Europe, EU, Germany, JRL NewsBlog, Oil, Gas, Energy
Gas Flame file photo

“[Assistant Secretary of State for European and Eurasian affairs A. Wess Mitchell] offered harsh words … for Germany over the country’s continued support for a new Russian gas pipeline to Europe … known as Nord Stream 2 … a wholly owned subsidiary of Russian state energy giant Gazprom [that] would double Russia’s export capacity … adding a second link between Russia and Germany. * […]

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NEWSWATCH: “Gazprom spends big to keep trillion dollar dream alive; Russian gas exporter ramps up borrowing and raids cashpile to maintain growth” – Financial Times/ Henry Foy

Economy, Business, Investment, Trade, JRL NewsBlog, Oil, Gas, Energy
Gas Facility file photo

“In an effort to fight back, Gazprom is …. [r]amping up borrowing and raiding its … cash pile … splurging on critical new infrastructure …. it announced that it expected to spend 24 per cent more this year on long-term investment, capital expenditure and acquisitions previously forecast. … next year’s spending [is projected to] hit a record Rbs 1.28tn ($22bn), up 13 per cent on […]

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Gazprom Speaks Out Against OPEC Production Cut Extension

Politics, Government, Protests, Elections
Gas Facility file photo

(Oilprice.com – Tsvetana Paraskova – November 21, 2017) While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a six-month extension after March 2018, and all but one company said they were ready to extend, Russia’s TASS news agency reported on […]

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Russian LNG Unfazed By U.S. Sanctions

Economy, Business, Investment, Trade, Oil, Gas, Energy, Sanctions, United States, U.S.-Russian Relations
Asia Map

(Oilprice.com – Tsvetana Paraskova – November 2, 2017) Russia’s energy industry faces a new round of U.S. sanctions – including on oil projects in any location if a designated entity holds more than 33 percent. And in Europe, where Russia’s gas giant Gazprom currently holds a large share of the gas supplies, Poland and Lithuania are buying U.S. LNG in […]

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Saudi Arabia to Plan Russia Deals, Deepening Energy Ties

Economy, Business, Investment, Trade, Mideast, North Africa, Syria, Egypt, Libya, Oil, Gas, Energy, Saudi Arabia
File Photo of King Salman of Saudi Arabia Seated Next to Saudi Flag and Gesturing, adapted from image at defense.gov

(Bloomberg – bloomberg.com – Wael Mahdi , Elena Mazneva, Ilya Arkhipov – October 3, 2017) Saudi Arabia is looking at unprecedented deals to acquire #oil and #gas assets in Russia, deepening ties between the world’s largest energy exporters as the Saudi king prepares to visit Moscow later this week. OPEC’s biggest crude producer is considering investing in Russia’s largest oil […]

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NEWSLINK: “Greasing the public’s hands: how oil and gas taxes financed the Kremlin’s social contract” – Bear Market Blog/ Miranda Lupion

Budget, Economy, Business, Investment, Trade, Newslinks, Oil, Gas, Energy, Politics, Government, Protests, Elections
Gas Flame file photo

“This past month, Russian news outlet RBC published a detailed report breaking down the revenue sources that funded the Kremlin’s 2016 federal budget. While the headline, “50 Companies Furnished Half of the Russian Budget’s Tax Revenue,” may come as no surprise to those familiar with the country’s business landscape, the fine print is worth a double take. In 2016, revenue […]

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NEWSLINK: “Little cash for Russia’s new Arctic development program; Ambitions are sky-high, but much hinges on private investments” – The Independent Barents Observer/ Atle Staalesen

Politics, Government, Protests, Elections
Arctic Map

“… The new Russian Arctic program has undergone major revision since the Ministry of Economic Development was commissioned to make a draft. The Ministry first proposed to allocated 209 billion rubles (€3.1 billion) of state cash to program implementation. Later, the sum was reduced to only 12 billion rubles (€177 million). Originally, the program was to cover the period until […]

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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

Economy, Business, Investment, Trade, Oil, Gas, Energy
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 […]

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New U.S. Sanctions on Russia Are a Mixed Bag; Europeans are rightly wary that promoting U.S. exports is an ulterior motive.

Economy, Business, Investment, Trade, Europe, EU, Sanctions, Ukraine, United States, U.S.-Russian Relations
American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

(Bloomberg – bloomberg.com – Leonid Bershidsky – July 24, 2017) Leonid Bershidsky is a Bloomberg View columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru. The European Commission is preparing to counteract the new sanctions the U.S. Congress may impose on Russia this week. This may sound as if Europe is […]

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