Russia’s energy sector is diverse and includes significant outputs of global oil, gas, coal, nuclear and other energy resources. Russian energy sector has focused on stabilizing production and redirecting exports to Asian markets while navigating tightened Western sanctions, while increasing exports of NPP technologies. Explore investment and partnership opportunities in Russia’s vast energy sector. Get the latest analysis on oil, gas, and renewable projects. Key intelligence for global energy businesses and investors.
China’s Xinjiang Sanbao Industrial Group is to purchase the bankrupt Tomskgeoneftegaz LLC, a small oil production company in the Tomsk region, for about ₽4 billion (US$51.2 million). Sanbao’s investments are expected to partially cover creditor claims after reaching a deal with the main creditor, the Kazakhstan collection agency Eagle LLP. According to its website, Xinjiang […]
Russia is interested in increasing regular liquefied natural gas supplies to Turkiye and is prepared to participate in joint investment projects to develop the gas market there, according to an intergovernmental commission meeting between the two countries. Russian Deputy Prime Minister Alexander Novak has stated that Turkiye had LNG terminals receiving products from all over the world and could […]
Russia and Malaysia have agreed to expand cooperation on the use of nuclear energy, state nuclear corporation Rosatom announced, following high-level talks in Moscow on Friday (June 27). The meeting was attended by Rosatom CEO Aleksey Likhachev and Malaysian Deputy Prime Minister Fadillah Yusof. The discussions focused on the use of Rosatom’s Nuclear Power Plant (NPP) technologies. […]
Russia’s Energy Minister, Sergei Tsivilev, has met with Wang Hongzhi, the head of China’s National Energy Administration, at a meeting for energy ministers from the Shanghai Cooperation Organization (SCO) member states and discussed current issues around bilateral collaboration in fuel and energy as well as promoting fair energy access throughout the world. Tsivilev and Wang discussed LNG […]
India has purchased 80% of Russia’s seaborne Urals crude exports this year, with two private refineries increasingly buying more of this variety, according to data analytics provider Kpler. Indian conglomerates Reliance Industries and Nayara Energy have bought 45% of the Urals crude imported into the country, with India purchasing 231 million barrels of Urals crude this […]
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China’s interest in the construction of Russia’s proposed Power of Siberia 2 pipeline, which would deliver gas via Mongolia, has intensified following the outbreak of the conflict between Iran and Israel, according to sources in Beijing. The planned pipeline would allow up to 50 billion cubic meters (bcm) of natural gas to be delivered annually […]
Russia’s TMH Energy Solutions, or TMH ES, part of Transmashholding, will supply a batch of diesel generators to the El Dabaa Nuclear Power Plant, currently under construction in Egypt, according to CEO Andrei Vasiliev. He said that “diesel generating backup is an important part of ensuring any nuclear power plant can be used safely, and El Dabaa is no exception. We […]
Russia and Mali have signed an agreement of cooperation concerning the use of nuclear energy, following the visit of Mali’s transitional president, Assimi Goita, to Russia. Russian Prime Minister Mikhail Mishustin had previously ordered the signing of agreements between the Russian government and the governments of Mali and Burkina Faso on cooperation in the peaceful use of […]
The Russian President is to hold meetings with the Iranian Foreign Minister, Abbas Araghchi in Moscow to discuss the latest developments as concerns the Israeli and American attacks on Iran’s nuclear facilities on Saturday (June 21). There have been disputed accounts over the actual damage caused, with US President Donald Trump declaring “a complete success” […]
Russia’s Rosatom has stated that the proposed ‘Large Nuclear Power Project’ in Uzbekistan needs to be reconfigured to attain the maximum operational benefits. This includes the construction of two VVER-1000 power units with a possible increase to four, according to the company. Rosatom and Uzbekistan agreed during the St. Petersburg International Economic Forum to look […]
Russian Deputy Prime Minister Alexander Novak has discussed Russian-Kazakh cooperation in the electricity and oil and gas sectors with Kazakh First Deputy Prime Minister Roman Sklyar, while Rosatom has signed a framework agreement for an NPP in Kazakhstan. We summarize these developments as follows: Oil & Gas Transit Novak and Skylar discussed the terms for Russian oil […]
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