... related to the rise in supplies to the EU. Find out how production volumes have changed, what affects the energy resources market, and how this might impact the economy. For more details, read the article on the website! Gasification and the increase in supplies to Europe have driven the growth of natural gas production in Russia, said Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, in an interview with Izvestia on September 26. Natural gas production in Russia grew by 12% in August 2024 compared to the same period in 2023, and by 10.7% in the first eight months of this ...

... of summer that gas station prices caught up with the national average inflation level. At the beginning of June, Anton Rubtsov, the director of the Oil and Gas Complex Department of the Ministry of Energy, reported that the Russian market was fully supplied with gasoline and diesel fuel (DF). As of June 5, the stocks of automotive gasoline at oil refineries and oil bases reached 1.8 million tons, which is 2% higher than the level at the same time last year. This suggests that there should be no cause for concern. What is worrisome, however, is that exchange quotations are rising despite falling ...

... previously promised 30%. In return for the reduced tariff, the EU agreed to allow duty-free imports of U.S. goods, increase investments in the country to $600 billion, and guarantee demand for military equipment and energy resources. Regarding energy supplies, Europe pledged to move away from Russian oil and gas and to purchase U.S. energy totaling $250 billion annually during Donald Trump’s administration. In Glasgow, Ursula von der Leyen stated that the EU no longer wishes to depend on Russian resources, noting that American LNG is “far superior....

Tereshkin: Increase in Gas Supplies to Europe Boosted Revenue from the Sector (Izvestia) Sergey Tereshkin, CEO of the OPEN OIL MARKET marketplace, assessed the impact of increased gas supplies to Europe on the growth of revenue from the Russian gas sector. In 2024, due to higher supply and production levels, revenue from the mineral extraction tax and gas export duties rose by 9%. The expert predicts continued growth in revenue in ...

... Turkish Stream: Despite geopolitical challenges, Gazprom continues to support and develop the infrastructure of these pipelines. As part of Nord Stream 2, technical work is being carried out to maintain the operability of the system. Turkish Stream supplies gas to Turkey and Southern European countries, while Gazprom is investing in increasing capacity and expanding connections to regional gas transportation networks. Baltic Pipeline System 2 (BPS-2): This project is aimed at transporting oil and oil products to northwestern export markets via the Baltic Sea. Investments are focused on upgrading pumping stations and building oil storage tanks. 3. LNG processing and production Gazprom is actively developing the production of liquefied natural ...