The new strategic cooperation agreement was signed by Rosatom Director General Alexey Likhachov and Framatome CEO Bernard Fontana during the World Nuclear Exhibition held in Paris this week.

In these uncertain times, it is imperative that we – together with the non-OPEC countries in the DoC – remain prudent in our approach and prepared to be proactive as market conditions warrant.

The U.S. and some European opponents of Nord Stream 2 say it will make Europe too reliant on Russian gas, allowing Moscow to expand its political, economic and military influence. But other governments say it is vital to secure energy supplies, as gas prices surge and the threat of power outages looms.

Daily average output was up on 10.85 mil b/d in October. Total production volumes in October were 45.91 mil mt.Output was up 8.6% on the 41.03 mil mt, or 10.03 mil b/d in November 2020.

The Company increased its gas exports to the countries beyond the FSU to 171.5 billion cubic meters, which is higher than the figure for the same period of 2020 by 6.6 per cent (or by 10.6 billion cubic meters).

A very cold winter could trigger increased gas demand for heating and power generation at a time when European gas stocks remain well below the average for the time of year and supply from Russia continues to disappoint.

"We need to monitor how the situation develops, we must carefully monitor the market. There is no need to make hasty decisions," Novak said.

The Duma ratified the protocol amending the 2014 agreement between the governments of the Russian Federation and Hungary on the provision the loan (the protocol was signed in Moscow and Budapest in May).

OPEC+ ministers, led by Saudi Arabia and Russia, are meeting after Dated Brent nosedived 11% on Nov. 26, sending shock waves into the energy market as news of the Omicron variant outbreak led to bans on flights from South Africa.

Overall amount of Gazprom's investments to be used in 2022: RUB 1,757.7 billion. Gazprom's borrowings for 2022: RUB 272.789 billion. Final investment program and budget will be approved by the Gazprom Board of Directors.

The meetings will decide the group's January production levels. The existing pact calls on OPEC+ countries to hike output quotas by 400,000 b/d, though the volumes can be changed per market conditions.

The current transit agreement between Russia and Ukraine is due to expire at the end of 2024. It came into effect at the start of 2020, and was brokered by the European Commission.

European and British wholesale gas prices rose on Tuesday as colder weather increased demand and the market remained nervous about winter supplies from Russia.

Providing consumers in underdeveloped and remote regions of Russia with reliable, high-quality and environmentally acceptable energy sources with a capacity of up to 400kW, designed for operation in extreme natural and climatic conditions, is a priority task for development of the Russian Arctic.

The bank opened two credit lines (in the amount of $500 million and $300 million) for a period of seven years, Sberbank said on 17 November. The funds will be used for the construction of the plant’s four VVER-1200 reactors.