Rosneft Suing Exxon-led Oil Project Over Dispute Between Neighbors
Rosneft filed the suit in the Sakhalin district arbitration court in Russia’s Far East, accusing the consortium of unjust enrichment, an allegation the consortium denied. Rosneft did not disclose the exact nature of the dispute.
Russia, Ukraine To Hold Further Gas Transit Talks
Ukraine's transit role is also imperiled by the planned Nord Stream 2 pipeline which would directly link Russia with Germany via the Baltic Sea, bypassing Ukraine.
How Russian Gas Became Europe’s Most Divisive Commodity
The Nord Stream 2 pipeline will transport Russian gas to Germany but critics warn of political tensions.
Russia May Raise Oil Output To Tackle Deficit
Russian Energy Minister Alexander Novak also said that the war of tariffs between the U.S. and China have a negative impact on the global economy and boosted oil price volatility.
Kremlin Accuses Trump Of Trying To Bully Europe Into Buying US LNG
The Kremlin on July 12 rejected President Donald Trump's description of Germany as a "captive" of Russia due to its energy reliance, saying his statement was part of a U.S. campaign to bully Europe into buying American energy supplies.
At NATO, Trump Lashes Germany Over Nord Stream Pipeline, Russia
President Donald Trump accused Germany of being a “captive” of Russia on July 11 as Western leaders gathered in Brussels for a NATO summit where Trump wants Europeans to pay more for their own defense.
Gazprom: US Sanctions Unlikely To Hamper Financing Of Nord Stream 2
Executive tells German newspaper that U.S. sanctions will not affect construction of the gas pipeline.
Russian Oil Output Up By 100,000 Barrels Per Day in June as Production Curbs Eased
Russian average monthly oil output exceeded 11 MMbbl/d in June for the first time since April 2017 as leading global oil producers started to ease output curbs, Energy Ministry data showed on July 2.
US, Russian Officials Discuss Sanctions, Russian Gas Pipeline Plans
Russian Energy Minister Alexander Novak said on June 26 he discussed U.S. sanctions on Russia and Moscow’s plan to expand its Nord Stream gas pipeline to Germany, which has irked Washington, in talks with U.S. Treasury and Energy Secretaries.
Energy Secretary Rick Perry To Meet With Russia Energy Officials: Source
U.S. Energy Secretary Rick Perry will meet Russia’s energy minister next week in Washington, D.C., a person familiar with the situation said on June22.