With the current level of production of energy resources in Russia, oil reserves are enough for 59 years and gas reserves for 103 years, said Russian Minister of Natural Resources and Ecology Alexander Kozlov.
Onboard the three vessels responsible for the construction of Baltic Pipe, final preparations are being made before they set sail and begin laying the gas pipeline in the Baltic Sea.
Germany is the leader of Russian pipeline gas imports in Europe. In March, Germany continued to actively increase its purchases from Gazprom.
The company is at the stage of making design and location arrangements for the first exploration well, which will provide an answer to the question about the production potential of the licence where PGNiG operates.
Krios will join the supplier’s two FlexFuelers, the Hyperion, and the Green Zeebrugge, further increasing LNG infrastructure.
Russia’s Gazprom reported a fall in net profit of around 90% in 2020 to 135.3 billion rubles ($1.82 billion) due to lower prices and sales, a huge rise in costs and a foreign exchange-related loss.
Minister-president of Saxony: “we would like to commission the completed Nord Stream 2 as soon as possible”
“Germany needs reliable gas supplies from Russia in the future and supports the commissioning of Nord Stream 2 as soon as possible,” said Michael Kretschmer, minister-president of Saxony.
LPG is a unique, exceptional energy. Transported and stored as a liquid, but consumed as a gas, LPG can deliver cleaner, lower emission power than many alternatives currently available.
Ukraine’s former acting energy minister Yuriy Vitrenko has become the new head of state oil company Naftogaz.
The framework covers global onshore facilities, marine structures and offshore floating technologies, with the delivery of a range of services, RINA informed on company website.