Found: 66

Why do Turkey and Russia need their own gas hub

... President Recep Tayyip Erdoğan that he would instruct Gazprom on this matter. The idea of creating a gas hub in Turkey initially belonged to Russia and was announced by President Putin in 2022 amid Western sanctions and the sabotage of the Nord Stream pipelines. However, since then, the project has been discussed but not implemented. Russia has already lost its economic interest in this gas hub, while Turkey sees its own benefit, believes Igor Yushkov, an expert from the National Energy Security ...

Mongolia, Russia, and China: New Horizons within the "Power of Siberia 2" Project

Mongolia, Russia, and China May Negotiate the "Power of Siberia-2" Project According to Mongolian media, negotiations between Mongolia, the Russian Federation, and the People's Republic of China regarding the implementation of the gas pipeline project "Power of Siberia-2" may take place soon. The project envisions the transportation of Russian gas to China via Mongolian territory, which will become an important element in expanding energy cooperation among the countries....

Strong energy bonds

... in rubles and yuan exceeding 90% last year. Russian gas exports to China, including liquefied natural gas (LNG), reached a historic high of 34 billion cubic meters in 2023. In February 2024, Gazprom surpassed Turkmenistan, the long-time leader in pipeline gas supplies to China. Deliveries via the Power of Siberia pipeline increased from 15.5 billion cubic meters in 2022 to 22.7 billion cubic meters in 2023, with a projected capacity of 38 billion cubic meters per year by 2025. Russian coal ...

Where does Surgutneftegas invest?

Surgutneftegas, one of the leading players in the Russian oil and gas sector, increased its investments to 265 billion rubles in 2023, allocating funds for the development of fields in Western Siberia, the modernization of pipeline infrastructure and oil refineries, as well as the implementation of advanced technologies and environmental programs. These strategic investments help strengthen the country's energy security, develop regions and ensure stable growth of the company,...

Global Energy Sector News for August 10, 2025: U.S. Threatens China with Tariffs, India Resists Pressure, Oil Market Stabilizes

... significantly below peak levels of 2022-2023. The energy geography of gas supplies to Europe has changed significantly over the past year. Key shifts in routes and sources include: Stopped transit through Ukraine: Since January 2025, supplies of Russian pipeline gas through the Ukrainian GTS have been completely halted following the expiration of the contract between Gazprom and Naftogaz. South Corridor as the main route: The only operational route for Russian gas to the EU remains the TurkStream pipeline ...