Russia’s state-owned shipping conglomerate, Sovcomflot, has held a Venezuela’s PDVSA crude cargo shipped in its oil tanker to the Caribbean over $30 million worth of unpaid shipping fees, according to reports on Tuesday.
Russia and Belarus have vowed to work out basic principles for forming a natural gas common market of the Eurasian Economic Union (EAEU), with the latter also targeting the common electricity market, in order to enhance its industrial competitiveness, Kallanish Energy learns.
Russian’s state-owned gas company Gazprom has granted Belarus a discount of at least $3 per 1,000 cubic meter on its natural gas supplies from 2018, Belarus Deputy Prime Minister Vladimir Semashko said last weekend in a televised interview.
Russia’s largest independent oil producer Rosneft is planning on commissioning a new production clusters in the Russian oil and gas industry by year-end, following the completion of the 100% acquisition in the Kondaneft project, Kallanish Energy reports.
Russia’s largest independent natural gas producer, Novatek, reported on Monday a 8.8% drop in natural gas output during the first quarter of 2017 to 15.72 billion cubic meter (Bcm) compared to 17.24 Bcm a year ago.
Danish government is considering a change in legislation to allow it to ban pipeline projects on the grounds of foreign and security policy, not just due to environmental concerns, Kallanish Energy learns.