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No word yet on new Russian company to operate Sakhalin-2 project, says Japan
July 19, 2022
Source: Reuters

No word yet on new Russian company to operate Sakhalin-2 project, says Japan

The Japanese government has not yet received word that a new Russian company set to operate the oil and gas Sakhalin-2 project has been established, industry minister Koichi Hagiuda said on Tuesday. "We will decide on our next steps once the terms of getting involved in the new company are made clear," he added.

Global energy price cap: market manipulation whose time has come?
June 29, 2022
Source: The Guardian

Global energy price cap: market manipulation whose time has come?

“United against megalomania” was how one German newspaper succinctly put it. Sanctions on Russian gold exports, the enlargement of the Nato intervention force to six times its current strength, an air missile defence system for Ukraine, and a broad commitment that the Group of Seven will be with Ukraine for as long as it takes. None of these, secured at this week’s G7 summit held high in the Bavarian Alps in weather that ranged from glorious sunshine to shattering thunderstorms, is a paltry achievement. But there was one idea that stood out, both because it is new, divided the G7, and told a bigger story about the dilemma the west faces as it tries to damage Vladimir Putin’s war economy.

Japan to take time phasing out Russian oil imports
May 9, 2022
Source: Energy World

Japan to take time phasing out Russian oil imports

The G7 nations committed to the move "in a timely and orderly fashion" at an online meeting on Sunday to put further pressure on President Vladimir Putin,

Putin to hold meeting on situation in oil, gas sector
April 14, 2022
Source: The Print

Putin to hold meeting on situation in oil, gas sector

Moscow [Russia], April 14 (ANI/Sputnik): Russian President Vladimir Putin will hold a meeting on Thursday on the situation in the oil and gas sector, with the main report to be made by Deputy Prime Minister Alexander Novak, in charge of the issue, Kremlin spokesman Dmitry Peskov said.

Friction in Trans-Atlantic relationship while Putin strengthens ties with Europe
June 5, 2018
Source: World Oil

Friction in Trans-Atlantic relationship while Putin strengthens ties with Europe

Vladimir Putin is strengthening ties with Europe, taking advantage of the economic conflicts of Donald Trump’s trade policy with the European Union. The relations on the gas front appear to be warming between Russia and Europe with Putin marking 50 years of gas exports to Europe at an event in Vienna. Russia supplies more than 1/3rd of the Europe gas and increasing the export would make it the biggest single supplier of the fuel.

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