The Ministry of Natural Resources sees positive prospects for the exploration of Siberian fields

The Ministry of Natural Resources of Russia defined the key tasks for the development of mineral resources base. The strategy will be defined with a view of the existing reserves, shortage of certain types, economic viability, regional specificity, and opportunities for export. Sergey Donskoy, Ministerial Head, draws attention to the exploration of the Far Eastern […]

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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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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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