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 […]