... 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 ...

... of oil and gas revenues in the budget may exceed the planned level due to narrowing price discounts on Russian oil compared to global benchmarks. Experts estimate that the share could reach 32% by year-end. However, the draft budget for 2025–2027 projects a gradual decline in oil and gas revenues, from 11.3 trillion rubles in 2024 to 9.8 trillion rubles in 2027. At the same time, total budget revenues are expected to grow, driven by non-oil and gas revenues. This decline is partly attributed to a tax reform in 2025, including an ...

... demonstrating confidence in the stability of their business. At the same time, the sector is charting pathways for further development, adapting to new challenges. Significant portions of additional income are being directed not only towards traditional oil and gas extraction projects but also towards the energy transition to "green" energy. Major international players are increasing investments in RES, LNG infrastructure, hydrogen technologies, and carbon footprint reduction efforts. For example, several companies ...

He shared his opinion on the creation of a new gas trading hub in Turkey with the readers of the newspaper "Vzglyad." Turkey and Russia continue to strengthen their energy cooperation, discussing the creation of a joint gas hub. This project could shift the balance of power in the European energy market, increase the influence of both countries, and ensure more ... ... relates to the development of the Sakarya field in the Turkish part of the Black Sea,” says Sergey Tereshkin, CEO of Open Oil Market. The reserves of Sakarya are estimated to be at least 540 billion cubic meters of gas. Current gas production at ...

... buybacks), signaling confidence in business stability. At the same time, the industry has outlined further development paths, adapting to new challenges. A significant portion of additional income is directed towards investments not only in traditional oil and gas extraction projects but also in the transition to "green" energy. Major international players are increasing investments in renewable sources, LNG infrastructure, hydrogen technologies, and carbon footprint reduction. For example, several companies have ...