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MOSCOW. April 11 (Interfax) - Yamal LNG, the principal shareholder of which is Russian gas producer Novatek, has asked the Russian government to reduce and defer an additional profit tax payment of 40 billion rubles that arose due to exchange rate differences, national daily Kommersant reported on Tuesday, citing sources. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 4 (Interfax) - Russian gas producer Novatek, which hopes to buy Shell's 27.5% stake in the Sakhalin-2 project, has secured President Vladimir Putin's agreement to allow the Anglo-Dutch energy major to get all of the 94.8 billion rubles for its stake and transfer the money out of Russia, national daily Kommersant reported on Tuesday. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 6 (Interfax) - Russia's Federal Anti-Monopoly Service (FAS) is proposing to index wholesale gas prices for industry by 4% as of July 1, 2017, business daily Vedomosti reported. [ABSTRACT FROM PUBLISHER]

MOSCOW. Feb 20 (Interfax) - Gazprombank could take over as much as 25% of Gazprom liquefied natural gas (LNG) projects in Vladivostok and the Baltic region, will be the organizer of project financing, and will be undertaking a search for strategic investors for a stake of up to 49%, as per an agreement Gazprom and Gazprombank are to sign on Thursday, according to the business daily Kommersant. [ABSTRACT FROM PUBLISHER]

MOSCOW. July 18 (Interfax) - Gazprom has asked First Deputy Prime Minister Igor Shuvalov to instruct federal agencies and Vnesheconombank (VEB) to "consider the possibility" of investing pension funds in up to 100 billion rubles worth of ruble infrastructure bonds that would be issued by the gas giant, national daily Kommersant reported on Thursday, citing a July 12 letter the company's deputy chief executive Yelena Vasilyeva wrote to Shuvalov. [ABSTRACT FROM PUBLISHER]

MOSCOW. May 17 (Interfax) - Russian diamond miner Alrosa will sell its gas assets to another state company, oil major Rosneft, national daily Kommersant reported on Friday, citing an unnamed source. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 23 (Interfax) - Gazprom and the Russian Agriculture Ministry, which signed an agreement on cooperation in the use of NGV fuel in 2023, plan to set up a program for the purchase and conversion of agricultural vehicles and grain drying equipment to natural gas this year, the company said. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 1 (Interfax) - Gazprom has filed a lawsuit with the Arbitration Court of St. Petersburg and the Leningrad region seeking a ban on Austria's OMV Exploration & Production GmbH to continue legal proceedings in the International Court of Arbitration of the International Chamber of Commerce. [ABSTRACT FROM PUBLISHER]

MOSCOW. March 15 (Interfax) - A key indicator of the gas market - the level of reserves in Europe's underground storage facilities - has fallen below 60%. Europe is saving fuel in all directions and reducing its fuel purchases, including on the world market. As the European LNG import infrastructure develops, the level of its utilization is getting lower and lower. [ABSTRACT FROM PUBLISHER]

ALGIERS. March 4 (Interfax) - Russia favors broad international cooperation for protecting critical natural-gas infrastructure and sees the need for more efforts to financially secure and insure energy exports independent of the West's financial institutions. [ABSTRACT FROM PUBLISHER]

MOSCOW. Aug 24 (Interfax) - Hungary hopes to conclude a new 15-year gas contract with Gazprom in the fall, Hungarian Foreign Minister Peter Szijjarto said. [ABSTRACT FROM PUBLISHER]

SIMFEROPOL. Aug 5 (Interfax) - Russian Prime Minister Mikhail Mishustin is scheduled to sign a number of documents on regulating gasification of households in Russia's settlements and villages by the end of the summer, Deputy Prime Minister Alexander Novak said on Thursday during a meeting on supplying gas to Crimea. [ABSTRACT FROM PUBLISHER]

CHISINAU. Feb 19 (Interfax) - The Moldovan National Agency for Energy Regulation (ANRE) may reduce gas tariffs for household consumers by 20%, from 18.07 lei to 14.47 lei per cubic meter. [ABSTRACT FROM PUBLISHER]

MOSCOW. Feb 9 (Interfax) - Russia is not going to compete with the United States in propaganda or to prove the U.S.' involvement in the Nord Stream explosions, as it is possible to "shine the spotlight on our sources of information," but the result will not be achieved, Russian President Vladimir Putin said. [ABSTRACT FROM PUBLISHER]

MOSCOW. Feb 6 (Interfax) - The upcoming Russian-Turkish negotiations involving the heads of state will address "every dimension" of trade and economic relations, Kremlin spokesman Dmitry Peskov said. [ABSTRACT FROM PUBLISHER]

MOSCOW. Jan 25 (Interfax) - Russia has begun the gradual implementation of the Eastern Gas Supply System project to develop the system of trunk gas pipelines in the eastern part of the country, Deputy Prime Minister Alexander Novak said in an article in the Energy Policy journal. [ABSTRACT FROM PUBLISHER]

BAKU. Jan 18 (Interfax) - The Azerbaijani Parliament Committee on International and Inter-Parliamentary Relations has adopted a statement in response to the anti-Azerbaijani resolution passed by the French Senate on January 17, 2024, and urged the Azerbaijani government to fully suspend economic relations with Paris, among taking other steps. [ABSTRACT FROM PUBLISHER]

BAKU. Dec 25 (Interfax) - Azerbaijani President Ilham Aliyev has declared 2024 as the Green World Solidarity Year in Azerbaijan. [ABSTRACT FROM PUBLISHER]

BAKU. Dec 22 (Interfax) - State Oil Company of the Azerbaijani Republic (SOCAR) has bought Equinor's stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Karabagh field and Baku-Tbilisi-Ceyhan (BTC) oil pipeline, SOCAR said in a press release. [ABSTRACT FROM PUBLISHER]

MOSCOW. Dec 15 (Interfax) - Trade turnover between Russia and China has already exceeded $200 billion, a third of which is from trade in energy resources, the government press service said following the 20th meeting of the intergovernmental commission on energy cooperation. [ABSTRACT FROM PUBLISHER]

MOSCOW. Dec 8 (Interfax) - The Russian-Namibian intergovernmental commission for trade and economic cooperation is scheduled to meet in Moscow in March 2024, the press service of Russian Deputy Prime Minister Yury Trutnev, Russia's co-chair of the commission, said on Friday. [ABSTRACT FROM PUBLISHER]

MOSCOW. Dec 1 (Interfax) - The Russian government has approved a roadmap to support the export of products from Russian companies in the fuel and energy complex. [ABSTRACT FROM PUBLISHER]

MOSCOW. Dec 20 (Interfax) – An oil price of between $50 and $60 a barrel would be sufficient to balance the oil market without risking increased shale production in the United States, Energy Minister Alexander Novak said in an interview with Vedomosti. The minister told the paper that he believes that if the oil production cut is upheld through the first six months of 2017, the market will balance. He said that the cut will likely not majorly affect the production plans of Russian oil companies. Meanwhile, the Russian Energy and Finance Ministries are in discussions about the options by which oil companies can compensate the budget for the initial decline in revenue from the shift to the new tax system - the excess profits tax - by raising production at other fields. However, Novak said the MinFin's idea of eliminating the export duty on oil while at the same time increasing the mineral extraction tax (MET) and introducing a negative excise on oil is ill-conceived and misguided in terms of the consequences. [ABSTRACT FROM PUBLISHER]

MOSCOW. Nov 17 (Interfax) - The Russian State Duma has passed the law to return the fuel damper in full as of October, according to the voting results. [ABSTRACT FROM PUBLISHER]

MOSCOW. Oct 25 (Interfax) - Oil companies may be credited fuel damper payments for October in an amount from 255 billion rubles to 291 billion rubles if the damper is calculated with a coefficient of 1, according to experts interviewed by Interfax. [ABSTRACT FROM PUBLISHER]

MOSCOW. Oct 12 (Interfax) - The Russian authorities announced on Wednesday evening that they are introducing mandatory sales of foreign currency earnings on the domestic market for the country's largest exporters for a period of six months in order to stabilize the ruble's exchange rate. [ABSTRACT FROM PUBLISHER]

MOSCOW. Oct 11 (Interfax) - Russia is ready to increase petroleum product exports to Saudi Arabia, Deputy Prime Minister Alexander Novak said, opening a meeting of the intergovernmental commission of the two countries, taking place in the framework of the Russian Energy Week. [ABSTRACT FROM PUBLISHER]

MOSCOW. Oct 2 (Interfax) - Gazprom remains in contact with Moldova, in particular with regard to Moldovan debts, Kremlin spokesman Dmitry Peskov said. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 13 (Interfax) – A decision on expanding companies' access to the Russian continental shelf has been made, Energy Minister Alexander Novak said in an interview with business daily Vedomosti published on Monday. He said that now it remains to be determined who will get access and on which conditions. Under current law, only state companies with at least five years of experience working on the Russian shelf can develop the Russian shelf. Only Rosneft and Gazprom meet these criteria. Elsewhere, the Energy Ministry has proposed that the bill on the introduction of a tax on financial result in the oil industry differentiate the amount of the uplift depending on the depletion of the oil field, Novak said. He also told the paper that the possibility of state oil major Rosneft building its planned Far East LNG plant as part of the Sakhalin-1 production sharing agreement (PSA) is not being discussed. [ABSTRACT FROM PUBLISHER]

MOSCOW. Oct 10 (Interfax) – Novatek's co-owner and owner of commodities trader Guvnor, Gennady Timchenko,has said in an interview with the Kommersant newspaper that Russia's biggest independent gas producer is prepared to join Gazprom in its project to build an LNG plant in the Baltic region. He also said he is looking over the possibility of investing in China, particularly in the building of regasification terminals. Timchenko told the paper he believes that Italy's Eni would be interested in selling its stake in SeverEnergia, as oil major Rosneft buys into it. Regarding other areas of his diverse portfolio, Timchenko said he does not rule out the expansion of his business relations with the minority shareholders of the Russian rail freight operator, Transgroup owners Iskander Makhmudov and Andrei Bokarev, and that coal producer Kolmar needs a lot of investment. [ABSTRACT FROM PUBLISHER]

MOSCOW. Aug 16 (Interfax) - The Omsk Refinery will launch a primary oil refining complex in 2023, Gazprom CEO Alexey Miller said during a video link with Omsk Region authorities, which was broadcast on the Rossiya-1 TV channel. [ABSTRACT FROM PUBLISHER]

MOSCOW. Aug 18 (Interfax) - The Russian authorities have instructed exporters to ensure that they place as much forex revenue as possible in their accounts at Russian banks and increase forex sales, several sources familiar with the situation told Interfax. [ABSTRACT FROM PUBLISHER]

MOSCOW. June 27 (Interfax) - The Russian government's legislation commission has approved changes to the law on subsurface resources drafted by the Natural Resources Ministry that would allow companies to sell prospecting licenses and would attract private investment into regional stages of geological exploration, the ministry told Interfax. [ABSTRACT FROM PUBLISHER]

ASTANA. June 20 (Interfax) - Kazakhstans KazMunayGas and Rosneft Deutschland, controlled by the German government, have signed an agreement on supplying oil to the PCK Raffinerie oil refinery in Schwedt, Germany, KazMunayGass press service said in a statement. [ABSTRACT FROM PUBLISHER]

SOCHI. June 7 (Interfax) - Russia attaches great significance to implementing large-scale projects with Cuba, including those aimed at increasing oil recovery at Cuban fields and upgrading the metallurgical plant in Havana, Russian Prime Minister Mikhail Mishustin said. [ABSTRACT FROM PUBLISHER]

MOSCOW. Aug 13 (Interfax) - Commercial users in Russia will see prices for gas supplied by Gazprom rise 3.4% beginning on August 21, according to a resolution registered by the Justice Ministry on the official legal information website on August 10. [ABSTRACT FROM PUBLISHER]

KYIV. Aug 9 (Interfax) - Russian Alfa Group, which owns shares in the British oil and gas company Regal Petroleum plc with assets in Ukraine through Crosson Overseas Ltd., has sold 1.248% of the company's shares, reducing its stake to 23.184%. [ABSTRACT FROM PUBLISHER]

MOSCOW. June 18 (Interfax) - Russia and Saudi Arabia propose to increase oil production by 1.5 million barrels per day in the third quarter of this year, Russia's Energy Ministry said on its Facebook page following Energy Minister Alexander Novak's visit to Saudi Arabia. [ABSTRACT FROM PUBLISHER]

ALMATY. May 29 (Interfax) - Kazakhstan's national oil and gas company KazMunayGas (KMG) and China National Petroleum Corporation (CNPC) are discussing the possibility of expanding the Kenkiyak-Atyrau and Kenkiyak-Kumkol oil pipelines, KMG told Interfax. [ABSTRACT FROM PUBLISHER]

BAKU. May 4 (Interfax) - Gas production from the third stage of the Shah Deniz field will begin within four years, Azerbaijani President Ilham Aliyev said. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 20 (Interfax) - Ukraine's Naftogaz will start to buy locally produced gas, Ukrainian media reported, quoting a statement posted on the company's website. [ABSTRACT FROM PUBLISHER]

MOSCOW. April 14 (Interfax) - Russia could produce on average 10.56 million barrels of oil per day in 2023, the International Energy Agency said in its latest monthly report. [ABSTRACT FROM PUBLISHER]

MOSCOW. March 27 (Interfax) - Russia can ensure a steady supply of energy resources to China that it needs, Russian President Vladimir Putin said. [ABSTRACT FROM PUBLISHER]

MOSCOW. March 21 (Interfax) - Russia and China have agreed during negotiations on the main parameters of the agreement on constructing the Power of Siberia 2 gas pipeline, Russian President Vladimir Putin said during talks with Chinese President Xi Jinping in an expanded format, which are taking place in the Kremlin on Tuesday. [ABSTRACT FROM PUBLISHER]

MOSCOW. March 14 (Interfax) - Total oil exports from Russia and Central Asia remained largely unchanged in January, averaging 6.4 million bpd, according to OPEC's monthly report. [ABSTRACT FROM PUBLISHER]

MOSCOW. Feb 2 (Interfax) - The Gazprom board of directors has examined issues related to the annual general meeting of shareholders, which will be held in St. Petersburg on June 29, the Russian gas giant reported. [ABSTRACT FROM PUBLISHER]

MOSCOW. Feb 16 (Interfax) - The Russian State Duma in the first reading has adopted a bill that simplifies the procedure for the Russian Federation to recover property from unscrupulous foreign investors as part of the law on investments in strategic business entities. [ABSTRACT FROM PUBLISHER]

MOSCOW. Feb 3 (Interfax) - The Finance Ministry has developed amendments to the Tax Code which will exempt Gazprom and its subsidiaries from the increased profit tax of 34% introduced from January 1, 2023 for all LNG exporters, a source familiar with the document told Interfax. [ABSTRACT FROM PUBLISHER]