Gas a Pragmatic Answer to Realise Energy Transition
The destiny of the world rests in innovative utilisation of hydrocarbons whilst embracing the rise of renewables in the global energy mix, Secretary General of the largest consortium of gas exporting nations, the Gas Exporting Countries Forum (GECF), said at the 24th St. Petersburg International Economic Forum (SPIEF). “The world …
GECF: Unveils ‘Global Gas Outlook 2050’
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing nations, will be launching the latest edition of its flagship GECF Global Gas Outlook 2050 (GGO) on 15 February at 15:00hrs Doha time, with the presence of energy stakeholders from around the world. As in previous …
JMMC Focuses on Market Stability and Full Conformity
The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly …
Russia Says it Missed Oil-Deal Target Due to Rise in Gas Condensate Output
MOSCOW (Reuters) – Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Sunday. Russian oil output C-RU-OUT edged down to 11.25 million barrels per day (bpd) last month …
OPEC: Russia Offering To Freeze Not Cut Production
Facing pressure from OPEC to make a significant output reduction, Russia reiterated its readiness to freeze oil production at current levels, arguing that the offer amounted to a cut compared with next year’s plans. Freeze means 2017 Russian output would be less than planned OPEC asked non-members to cut 500,000 …
Fourth Meeting of the OPEC-Russia Energy Dialogue
The fourth High Level Meeting of the OPEC-Russia Energy Dialogue was held on 30 July 2015 in Moscow. The Meeting was chaired by the Minister of Energy of the Russian Federation, Alexander Novak, and the Secretary General of OPEC, Abdalla Salem El-Badri. The meeting was attended by senior executives of …
Alexander Novak: Russia Could Seek New Partners if Western Majors Pull Out
Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday. The sanctions over Russia’s role in the Ukraine crisis have targeted the …
Ukraine Gas Supplies in Doubt as Russia Seeks EU Payment Deal
Ukraine’s efforts to unblock deliveries of Russian gas as winter sets in were deadlocked on Thursday as Moscow’s negotiators were quoted demanding firmer commitments from the European Union to cover Kiev’s pre-payments for energy. EU-hosted talks were adjourned after running late into the night, Energy Minister Alexander Novak and the head …
Ukraine: Russia Looking For Gas Payment Within One Week
Ukraine should be able to find ways of paying for Russian gas supplies within a week, Russian Energy Minister Alexander Novak said on Wednesday, suggesting a standoff would end once Moscow received financial guarantees from Kiev reported Reuters. The latest round of gas talks between Moscow and Kiev ended late …
Russia Maintains Unconventional Production Targets Regardless of the Sanctions
Russia is not changing its plans for developing hard-to-extract oil despite Western sanctions, Energy Minister Alexander Novak said. “No substantial” changes are expected in Russian oil production, Novak said, citing preliminary studies on the impact of sanctions reported Upstream Online. Western sanctions over Moscow’s role in Ukraine’s crisis have limited …