Posts in category: News from the fuel and energy sector

Russia and Pakistan are to begin work on a project to build a “Pakistani stream” pipeline, previously known as “North-South”, Russian Energy Minister Nikolai Shulginov said.

Russia’s Central Scientific Research Automobile and Automotive Engines Institute (NAMI), which is behind most of the technical decisions around Russia’s first top-class Aurus car, has developed a model powered by hydrogen. A laboratory model was presented at its plant in Tatarstan in central Russia.

Gazprom Neft and NOVATEK have established a joint venture to develop the Severo-Vrangelevsky licence block on the shelf of the East Siberian Sea and the Chukchi Sea – in Russia’s far northeast, the companies announced.

Russia wants to achieve carbon neutral status, but is not in a position to set concrete deadlines for achieving it – as the European Union and China have already done – until 2023, Deputy Prime Minister Viktoria Abramchenko said.

Annual revenue in Russia’s new climate sector could exceed $50 billion in the near future, President Vladimir Putin told the St. Petersburg International Economic Form. Russia, he said, had first to create conditions to attract both Russian and foreign investment.