In spite of the international sanctions, in March 2018, the Russian energy giant Gazprom increased its gas exports to far-off countries by 29.4% – compared to the same period of 2017 – thus bringing it to 9.7 billion cubic meters in only two weeks’ time (from 1 to 15 of March)
Russia and Saudi Arabia reinforce their cooperation in hydrocarbons market.
Summing up the results of the gone by 2017, it's most significantly to note that it has become an outstanding year for the Russian gas production industry.
Oil market conditions egging on the OPEC+ countries including Russia to launch a blockchain-based cryptocurrency platform.
The launch of the first stage of the liquefied natural gas of Yamal LNG plant was the main result in the 21st century for the Russian oil and gas industry. Analysts at Bloomberg call Russian ‘Yamal’ as the most successful LNG project of the last decade.
Just over a year ago, on November 30, 2016, members of the Organization of Petroleum Exporting Countries (OPEC) and a number of independent oil producers, including Russia, managed to consolidate, show political will and stop the fall in oil prices.
Strengthening the partnership between Saudi Arabia and Russia in the oil market guarantees the reliability and stability of the supply of energy resources to consumers in Europe and Asia. But without friendly steps from the US, the instability factor will remain.
The intention of the Norway's Sovereign Wealth Fund to get rid of its oil and gas assets was quite disturbing for the market players.
Igor Yusufov, Corporation Energy, Russia, provides a detailed overview of the Russian upstream sector and shows how, despite challenges, it remains a self-sufficient hub of sustainable growth