Trump says Putin ‘won’t like US exporting energy’

Donald Trump has said the President of Russia doesn’t want the US to become a net exporter of energy through fracking and renewed domestic gas and coal production. In an interview with the Christian Broadcasting Network (CBN), the US President discussed his first face-to-face meeting with Vladimir Putin at the G20 Summit in Hamburg. He […]

EU say Goodbye Putin? “Little chance” on the gas front

For all its talk of breaking away from Russian gas the European Union has “little chance” of cutting its reliance, reckons the ratings agency Fitch. The analysis suggests EU bigwigs’ recent comments about energy security is grandstanding. Europe may be able to avoid significantly increasing its gas purchases from Russia “at best”, according to a Fitch report […]

Putin proposes an energy club for BRICS nations

Russian President Vladimir Putin told the BRICS nations they should form an energy group to boost security of energy supplies. Yesterday leaders from Brazil, Russia, India, China and South Africa met in Fortaleza, Brazil to form a new development bank for the countries and a currency reserve pool. In a speech, the Russian leader said: […]

UK’s new gas field is “answer to Putin” – Fallon

Energy Minister Michael Fallon has told ELN he believes a new gas field cranking into gear soon is the UK’s “answer to Putin”. His reference to the Russian President comes after months of concern over future gas supply from Russia via Ukraine, prompted by tensions between the two nations. Speaking exclusively to ELN on the […]

Don’t dismiss Putin energy threat says Davey

Russian President Vladimir Putin’s threat to European energy supplies should be taken more seriously, UK Energy Secretary Ed Davey has said in a newspaper interview. The Lib Dem MP told the Independent yesterday: “The UK, Europe and the world need to take Putin’s aggression much more seriously. I think it’s of sufficient concern that we […]

Gazprom losing LNG export monopoly in Russia?

State-owned gas firm Gazprom looks set to lose its monopoly on LNG exports from Russia. Legislation to break its stranglehold was passed by the upper house of the Russian parliament last week, according to reports. A document published on a government website revealed President Vladimir Putin has now signed it into law, Russian news agency […]

Russia wary of USA shale gas boom

Russia is growing wary of the boom in shale gas in the United States, the latest speech from its Prime Minister Vladimir Putin suggests. The country’s President-elect told the State Duma, the lower chamber of Russia’s parliament this week: “In the US, they are actively developing technologies to produce shale gas. This can seriously reshape the structure of […]

ExxonMobil and Rosneft break the ice on Arctic deal

ExxonMobil has snapped up a deal to explore the Arctic with Russian firm Rosneft. The firms signed over a $3.2 billion exploration programme planned for the Kara Sea and the Black Sea. Russian Prime Minister Vladimir Putin was present as Rosneft’s President and ExxonMobil Development’s President signed the deal. Rosneft will hold 66.7% interest in […]

Alstom seals Russian deal

Alstom have bagged a massive deal with Russian hydro power company RusHydro. The agreement will lead to the creation of a joint venture plant that will manfacture hydro power equipment based in Ufa City in the Republic of Bashkortostan. The deal, whose value has not been revealed, was announced yesterday during Russian Prime Minister Vladimir […]