Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
Russia’s President Vladimir Putin said any energy infrastructure in the world is at risk after the explosions on the Nord Stream gas pipelines.
Russia has pocketed $24 billion from selling energy to China and India in just three months following its invasion of Ukraine, showing how higher global prices are limiting efforts by the US and Europe to punish President Vladimir Putin.
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people familiar with the matter.
Europe is too reliant on Russian gas. In fact, Europe is too reliant on gas full stop but it being mainly Russian gas makes it even more problematic.
European natural gas prices slipped on signs Russia may be starting to gradually deliver the boost in supplies President Vladimir Putin promised.
Aberdeen’s Lord Provost showcased the city’s efforts to be at the front of the energy transition on the global stage earlier this week.
Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply.
Europe has “made mistakes”, Russian President Vladimir Putin said on October 6 during talks with his energy officials.
The Libyan National Army (LNA) has suffered major setbacks in its attacks on Tripoli, home of the Government of National Accord (GNA).
After a week-long marathon of calls between world leaders and video conferences featuring dozens of energy ministers, it was the moment the 2020 oil price war finally ended.
US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
After Turkey invaded Cyprus in 1974, it found itself short of military hardware. In stepped Muammar Qaddafi, and four Turkish DC-9 commercial aircraft with the seats stripped out were loaded with rockets from Libyan stockpiles of U.S.-made weaponry. He refused all payment.
The Russian-Turkish ceasefire talks for Libya fell apart on the opposition of General Khalifa Haftar on January 13, with the head of the Libyan National Army (LNA) walking away from meetings in Moscow.
Russia and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
Russia has halted oil supplies to Belarus as talks on strengthening economic ties remained stalled over concerns that Moscow could effectively swallow up its neighbour.
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
North Sea veteran Algy Cluff said yesterday the current rocky relations between the UK and Russia highlighted the dangers of Britain relying on foreign gas imports.
Russia, embroiled in a deepening rift with the U.K. over the poisoning of a former spy, moved to remind Europe that it’s the most flexible and reliable source of energy needed by the continent.
Vladimir Putin has rolled to a crushing re-election victory for six more years as Russia's president.
The spy poisoning scandal in the U.K. is spilling into energy.
Oil producing nations meet on Thursday to discuss extending production cuts to re-balance crude market supply and demand. The cuts, which came into effect on January 1, comprised a reduction of 1.2million barrels per day for Opec members, and 600,000 for non-Opec states, with Russia making up the bulk of that quota.
Vladimir Putin wanted to remake Josef Stalin’s quest for a greater foothold in the Arctic into a global shipping bonanza that could compete with the Suez.