-
Ukraine signs contract for gas transit from Russia to Europe
Ukrainian President Volodymyr Zelensky said that a contract was signed for the transit of Russian gas to Europe from Russia through the territory of Ukraine for five years.
"This is the end of the year, but not the end of our achievements. Ukraine has signed a gas transit contract for five years, during which we will receive at least over $7 billion. The parties can extend the contract for another ten years," wrote Zelensky on his Facebook page.
"The Ukrainian gas transit system will be given …
-
Russia to create unmanned strategic bomber
Commander of Russian Long-Range Air Force Lieutenant General Sergey Kobylash said in an interview to the newspaper Moskovskij Komsomolets that Russia plans to create an unmanned sixth-generation strategic bomber by 2040.
According to Kobylash, in addition to the modernization of existing Tu-160, Tu-95MS and Tu-22MZ bombers, the Russian military is planning to create a new long-range aircraft. "We are also planning to develop a subsonic strategic bomber of the fifth generation," said Kobylash. …
-
Kremlin: payment of $2.9 billion to Ukraine was a difficult decision
Russian Deputy Prime Minister Dmitry Kozak said on Vesti Nedeli program on Russia-1 TV channel that Gazprom's $2.9 billion payment to Naftogaz of Ukraine was a difficult decision for the Russian side.
"There was a choice between bad and worse. But all of us together, we can lose much more, unprecedented amounts," said Kozak as quoted by TASS.
In mid-December, Gazprom and Naftogaz agreed on the terms and volumes of Russian gas transit to Europe. The parties also agreed to give up mutual claims. …
-
Russia abandons plans to catch up to US’s LNG production
The Russian Energy Ministry has dramatically lowered its prediction of the country’s future liquefied natural gas (LNG) production, according to the Energy Strategy 2035, extracts of which were cited by Interfax.
In autumn, Russian Energy Minister Alexander Novak and Novatek co-owner Leonid Mikhelson said that in the next 16 years Russia could be producing up to 140 million tons of LNG per year. In October, the Energy Ministry set a target of 100 million tons by 2035 in its energy strategy. …
-
Russia announces plans to withdraw from OPEC+
In 2020, Russia will consider the possibility of withdrawing from its agreement with the OPEC countries, according to which the largest oil producing countries must reduce their production in order to support oil prices by preventing excess supply.
The OPEC+ deal, first signed at the end of 2016 and extended five times since then, becoming the first coordinated step between Russia and Saudi Arabia in more than 20 years, will not be permanent, Russian Energy Minister Alexander Novak told the TV …