Mr. Donskoy: gas will be the main energy source

Global share of hydrocarbon fuel will be reduced by 50% by 2050. Starting from 2034, gas will become the main source of energy in the world, said the minister of natural resources and ecology Sergey Donskoy. “In spite of energy resources diversification, experts say that the share of hydrocarbon fuel will be decreased from 80% […]

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The proximity to APR countries makes the Far Eastern region the leader in O&G export

The outcomes of Russia’s Far East development Strategic position The Far East accounts for 5% of oil and gas extraction volume in Russia. Owning to the proximity to ARP countries, its role in oil and gas sector becomes extremely important. The extraction volumes in the region are growing steadily. Rosneft contributes significantly to the sector […]

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Polish minister says U.S. LNG imports could undermine Gazprom’s position

WARSAW May 29 (Reuters) – Imports of liquefied natural gas (LNG) from the United States could significantly undermine the dominant position on the European gas market of Russia’s Gazprom , Poland’s minister responsible for oil and gas infrastructure said on Monday. Poland imports most of the gas it consumes from Russia’s state-controlled Gazprom, which supplies […]

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Russia sees huge potential on LNG cooperation with Spain

Russia sees huge potential regarding cooperation with Spain in LNG projects, Leonid Mikhelson, Chief Executive Officer of Novatek gas company and head of the Russian-Spanish business council, said Monday. “After Yamal LNG is launched Spain will become a big importer of Russian liquefied natural gas. We see huge potential in the development of LNG cooperation,” […]

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