"If you look at it in terms of energy efficiency, nuclear energy is not the most efficient way of developing electricity. Solar energy probably offers better efficiency in the long-run, while in the short-run because of the depressed price of oil, countries are finding it more economic to just import oil."

Gazprom and Germany say Nord Stream 2 is purely a commercial project. Gas demand in Germany is growing as it cuts dependence on nuclear and coal power.

For the nine months of 2020 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 11.6% lower year-on-year.

"In any case, Russia is a responsible player on the energy market and that's something which governs our decisions and our thinking," Sorokin said, during the ADIPEC virtual conference Nov. 9.

UOKiK on Oct. 7 imposed a fine of more than Zloty 29 billion ($7.62 billion, Eur6.48 billion) on Russian gas giant Gazprom for building Nord Stream 2 without its approval, as well as a fine totaling Zloty 234 million on five European companies that helped finance the project.

The almost complete Nord Stream 2 was meant to come online at the end of 2019, but the threat of US sanctions against companies working on laying the pipeline saw main contractor Allseas halt work in December last year.

Russia’s energy-related CO2 emissions in 2019 were around 20% below their 1990 level, at around 1 750 MtCO2.

Both Parties emphasized the strategic importance of the relationship between OPEC and the Russian Federation, not only at the bilateral dialogue level, but also through the DoC and the Charter of Cooperation (CoC).

Rosatom is planning to build a small nuclear power plant in Yakutia.

In September 2019, Russia awarded a €1.3bn funding to build the project, which will correspond to 85% of the total investment.

Russia was Turkey's top gas import destination, supplying 1.37 bcm of natural gas while Azerbaijan and Iran followed with 986 and 406 mcm, respectively.

Profit attributable to shareholders of PAO NOVATEK amounted to RR 13.2 billion

Opportunities include further development of hydrocarbons reserves in Russia's Arctic offshore zone, which contains over 85.1 trillion cubic meters of natural gas, and 17.3 billion mt of crude and condensate.

Saudi Energy Minister Prince Abdulaziz bin Salman, who has warned his counterparts of the market's shaky footing and the need to be proactive on production policy, could very well welcome any lobbying by the Trump administration, if global oil demand prospects do not improve.

112,748 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (+13.7%)