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Rosneft Denies Reports of Mega Oil Merger Plans

The state-backed oil giant accused journalists of trying to tarnish CEO Igor Sechin’s reputation, sarcastically referring to him as “evil Sechin.”...

Russian Police Arrest Current, Former Energy Officials in Fraud Probe

Anatoly Yanovsky and Sergei Mochalnikov are expected to be charged with large-scale embezzlement and abuse of power.

Last Window to Europe: What Happens After Ukraine Gas Transit Ends?

If this gas route is lost, it may intensify Europe's battle with Asia for liquefied natural gas (LNG) supplies and create new headaches for cash-strapped...

Gazprom Drops From Russia’s Most Profitable Company to Outside Forbes’ Top 100

But Forbes noted that the company’s record loss last year was “more on paper,” as Gazprom’s cash flow remained stable at $24.6 billion.

Russia Approves Construction of Fuel Pipeline in Congo

The pipeline was originally announced in 2017 but was then delayed due to the Covid-19 pandemic.

Hungary Welcomes Russia Crude Supply Deal After Ukraine Halts Lukoil Transit

Hungarian energy company MOL said it reached a deal ensuring the continued supply of Russian oil via a pipeline running through Ukraine.

Russian-Chinese Coal Project Hits Financing Hurdle Due to Secondary Sanctions

“Our Chinese colleagues are concerned that the process isn’t so quick and easy,” the CEO of Russia's En+ said.

Russia Has Enough Coal to Last Over 100 Years, Official Says

Russia’s total coal reserves are estimated at 273 billion metric tons, 46.4 billion of which is currently being extracted.

Gas Prices Surge as Ukraine Seizes Key Russian Route to Europe

Gazprom spokesman Sergei Kupriyanov cautioned that some analysts anticipate European gas prices could continue to rise.

Is the Western Quest to Strangle Russia’s ‘Shadow Fleet’ Doomed to Fail?

Over two years into the invasion of Ukraine, sanctioning Russia's energy sector — the Kremlin's main cash cow — remains an elusive task for the Western...

Russia-China Trade Rises by 1.6% So Far in 2024

Beijing has emerged as a major economic lifeline for Moscow since the West introduced sanctions over the full-scale invasion of Ukraine.

Putin Transfers Seized TGK-2 Utility to Gazprom

Gazprom subsidiaries now control almost 100 billion rubles ($1.1 billion) of confiscated assets.

Indonesia Seeks to Buy Russian Oil for the First Time in Decade – Reuters

State-owned oil and natural gas corporation Pertamina added two Russian oil grades alongside others to its tender lists for purchase in September.

Ukrainian Sanctions Halt Lukoil Deliveries to Slovakia, Hungary – Reports

Sanctions signed by Zelensky have effectively banned Russia’s second-largest oil producer Lukoil from using Ukraine as a transit hub.

Power Restored at Russian Nuclear Plant After Widespread Outages

But authorities warned that an ongoing heatwave in southern Russia may lead to more blackouts and emergency power use restrictions.

Southern Russian Heat Wave Knocks Out Power for Over 500K People

Temperatures have soared to nearly 40 degrees Celsius in some regions of southern Russia.

Russian Oil and Gas Revenues Surge in June – Reuters

The estimated 812 billion rubles in revenues would mark a more than 50% year-on-year increase — up from 529 billion rubles in June 2023.

Germany's Uniper Awarded 13 Bln Euros for Lost Russian Gas

Gazprom steadily dwindled gas supplies to Germany following the full-scale invasion of Ukraine in apparent retaliation for Western sanctions.

Baltic States to Disconnect From Russian Electric Grid in Early 2025

The three countries will join the Continental European grid in February after disconnecting from the Russian and Belarusian system, known as BRELL.

Zelensky Says Russia Destroyed Half of Ukraine’s Energy Capacity

Months of Russian strikes have caused severe power shortages in Ukraine, leading to regular blackouts, President Zelensky said.

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