An American businessman, Stephen Lynch, who previously worked closely with Rosneft, Russia’s state oil company, is aiming to buy a Swiss company that controls Russia’s controversial Nord Stream 2 natural gas pipeline, according to U.S. Treasury and other documents obtained by The Washington Post. Lynch’s proposal could pave the way
Aleksey Miller, the CEO of Gazprom, a major Russian energy company, has raised concerns about Europe’s economy. He says that European industrial production is at its lowest levels ever, and the economy is struggling because it no longer has access to cheap Russian gas. This comes as the German government
Russia has launched a significant lawsuit against several companies belonging to the UK–Dutch energy giant, Shell. This legal action was revealed through the Moscow Commercial Arbitration Court’s records, though many of the details remain unclear. What we do know is that Shell’s global entities, including Shell Global Solutions International B.V.,
Gazprom and Iran sign a tentative $40BN energy deal as Russia threatens the Europe gas supply. Gazprom will help the NIOC construct six oil fields in addition to the offshore gas reserves in the Kish and North Pars regions.
The Economy Ministry stated that it was determined to pursue measures against the Rosneft-owned refinery in Schwedt actively threatening to seize Gazprom facilities from Russia.
India has lost its $3-billion bet on Iran regarding the giant Farzad-B gas field in Farsi block. The Indian state run oil companies discovered this asset back in 2008 and since then the negotiations were being carried out by top leadership of both the countries.
