Russian gas exports helping Asia & Europe to transition to cleaner energy

27/01/2020 09:09 Natural Gas


Russia will continue to be the biggest player on the global energy market with plans to increase natural gas deliveries to Europe and Asia, according to the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev.

“We believe gas is very ecologically friendly. It produces 45 percent less emissions than coal and 30 percent less than oil,” he said at the “Global Energy Challenge” session of the World Economic Forum in Davos.


According to Dmitriev, Russia accounts for 20 percent of the world’s gas supplies, and will continue to increase them. “We expect to grow gas exports by 34 percent in the next 20 years, while oil exports will grow only around 12 percent.”


Dmitriev pointed out that Russia has “built great infrastructure to supply gas to Asia, which definitely needs it.”


“And so we are helping Asia transition to cleaner energy through gas and frankly through our pipelines to Europe including Nord Stream 2, we are helping Europe to also transition to cleaner energy.”


He added that Russia is “not very happy with sanctions on Nord Stream 2 because we believe those are the sanctions on Europe’s transition to a more ecologically safe energy market, but that’s a separate topic.”


Daily (20.02.2020): Oil prices soared by more than 2% due to U.S. sanctions on Rosneft, tensions in Libya, coronavirus cases receding

20/02/2020 10:31:00

Oil prices soared by more than 2% on Wednesday, supported by a slowdown in the spread of the coronavirus, U.S. sanctions against the Russian black gold giant Rosneft and the unrest in Libya. Brent crude for April delivery rose by $1.37, or 2.4% to settle at $59.12 a barrel. U.S. WTI crude ended at $53.29, gaining $1.24, or 2.4%.


Over 1 GW of solar, wind bids in latest German tender

20/02/2020 09:24:00

Germany received bids for 527 MW of onshore wind projects and 493 MW of solar photovoltaic (PV) proposals in its latest technology-specific procurement rounds.


TurkStream delivers over 500 mcm of gas to Europe via Turkey

20/02/2020 09:20:00

Russia transferred over 500 million cubic meters (mcm) of natural gas to Europe from Turkey via the TurkStream natural gas pipeline during its first month of operations in January 2020, industry sources said Wednesday.