PLATTS - Current global oil prices at around $70-80/b are due to the volatile situation on the market and include a premium for risks associated with sanctions and oil supply cuts, but they are expected to fall to around $50/b in the long term, Russian energy minister Alexander Novak said Tuesday.

PLATTS - "A tremendous amount of LNG will be exported to Poland," Trump said during a joint news conference with Duda. "We're giving them a pretty good price. They're buying a lot of it. That's gonna be great."

PLATTS - Speaking on the sidelines of the Gastech conference in Barcelona, Mikhelson said Novatek could review its strategy to reach 57 million mt/year of LNG production by 2030 in the coming years as it continues to expand its already huge gas resource base in northern Russia.

REUTERS - Saudi Arabia, the United States and Russia can between them raise global output in the next 18 months to compensate for falling oil supplies from Iran and elsewhere, U.S. Energy Secretary Rick Perry said on a visit to Moscow on Friday.

PLATTS - Moscow also hopes to have its 55 Bcm/year Nord Stream 2 pipeline and its 31.5 Bcm/year TurkStream link ready to flow gas to Europe by the end of 2019, leaving only limited volumes for transit via Ukraine.

PLATTS - In a meeting with Russian Energy Minister Alexander Novak in Moscow, US Energy Secretary Rick Perry reiterated US opposition to the expansion of the Nord Stream pipeline from Russia, claiming it would hurt European allies and distort energy markets.

IMF - Russia’s economy is recovering from the 2015–16 recession, thanks to the authorities’ effective policy response and higher oil prices. Output increased by 1.5 percent in 2017 on the back of robust domestic demand, but short of expectations. Inflation has fallen well below the CBR's 4 percent target since July 2017, driven by a weaker-than-expected recovery, tight monetary policy, as well as temporary effects on food and energy prices.

CNBC - "We can see that the pricing situation today depends not just on the supply/demand balance or the general economic situation but also on the uncertainty that we observe today in the global markets: the trade wars, the sanctions that the U.S. pursue," Novak said, speaking to CNBC's Geoff Cutmore at the Eastern Economic Forum (EEF) in Vladivostok, Russia.

PLATTS - Putin said the LNG sector in particular was a key focus area for future cooperation, noting that Japanese companies may take part in the planned expansion of Sakhalin 2, Arctic LNG 2 and Baltic LNG projects as well as an LNG transshipment facility in Kamchatka.

PLATTS - "There is a fairly significant combined potential by the countries [participating in the deal] that can increase production and this potential can be used if necessary," Novak said Wednesday.