Hungarian Prime Minister, Viktor Orban, describing the economic restrictions imposed on Russia by the EU, pointed to the fact that the union “shot itself in the lungs” and now its economy is simply “suffocating”. It is worth noting that the metaphor voiced by the Hungarian Prime Minister characterizes the situation in many European countries very
Hungary opposes the introduction of a ban on the supply of Russian oil and gas to the EU. As the Origo.hu Hungarian information portal reported on Monday, May 2, this was stated by the Head of the Office of the Prime Minister of the country, Gergely Gulyas. “We should not impose sanctions, from which we
The Chinese gas market is currently the most promising one, so during the talks between Russian President Vladimir Putin and Chinese President Xi Jinping special attention will be paid to this issue, as stated by the President’s Assistant Yuri Ushakov. He also said that energy supplies from Russia to China have reached record volumes. According
The launch of the Nord Stream 2 gas pipeline is being postponed due to German bureaucracy, as the Federal Network Agency of Germany has suspended the certification of the project. As it turns out, gas quotes in Europe soared by almost 17 per cent in a day and for the first time since mid-October broke
Gas futures in Europe at the opening of trading on Tuesday, November 9, fell on the London ICE exchange by 4per cent to $910 per 1 thousand cubic metres on the background of data on the growth of fuel supplies from Russia. The cost of December futures on the TTF hub in the Netherlands fell
The Russian ‘Inter RAO Group’ energy holding has almost doubled its electricity exports to China since November 1. This happened after Beijing submitted an official request to the company to boost electricity supplies to 555 million kilowatt-hours per month in October. On September 27, Chinese news portal Zemyan reported that in some 20 regions of
In six to seven years, Moscow will become the first major city in the world to switch completely to electric public transport, as stated by the city mayor Sergey Sobyanin. To date, Moscow has the largest fleet of electric buses in the world, according to the city mayor, and by the end of the year,
The Ministry of Energy of Russia and the Ministry of Steel Industry of India signed a memorandum on increasing the supply of coking coal to 40 million tonnes per year. Thus, India plans to significantly increase steel production in the medium term. Daniil Karimov, the Managing Director of the metallurgy sector of the Analytical Department
The Nord Stream 2 gas pipeline will be ready for commissioning in the coming days, according to the Russian Deputy Prime Minister Alexander Novak at the Russian Energy Week 2021 International Forum. “The construction of Nord Stream 2 has been completed. Pre-commissioning activities and pipeline technological gas packing are currently underway, and I think that
The Russian Energy Week International Forum (REW) has started today, on October 13, in Moscow, and will last until October 15, featuring high-profile government officials and business executives, including the Russian President, the Saudi Arabian and UAE energy ministers, and the OPEC secretary-general. In his greetings to the participants and guests of the event, the
Specialists of the All-Russian Public Opinion Foundation (FOM) conducted a survey among Russians and found out how they relate to the problem of electricity consumption in the world. It turned out that the majority of the country’s residents are sure that the ecological situation in the world is currently bad (47%) or satisfactory (43%), and
Specialists of the Academician Bochvar High-Technology Research Institute of Inorganic Materials which is a part of the Rosatom State Corporation, have created prototypes of import-substituting power supplies for space and aviation, VM.ru reports with reference to the publication of ‘Strana Rosatom’. It is stated that there are no analogues of this development on the Russian
In September, the Russian Federation retained second place in the world in oil production, according to the information of the October report of OPEC and the Energy Information Administration of the US Department of Energy, TASS reports. According to statistics, the United States is still in first place with the production of an average of
