“The oil price is growing. I think everyone is expecting the successful outcome of our work,” Mr Sechin said. “We will need higher price levels than $45 or even $50 a barrel.”

OAO Yamal LNG (“Yamal LNG”) announced the signing of an agreement with Sberbank and Gazprombank on a 15-year credit line facility for the total amount of EUR 3.6 billion at EURIBOR 6M plus 4.7% annual interest rate. The agreement signed with the Russian banks is part of the project financing package for Yamal LNG.

Lissik responded that on the contrary, Nord Stream 2 did not enter the EU internal market, and that Russia was not banned from trading with the EU. Economic exchange with Russia was continuing, and it is unfair to project political views and to focus on conflict when discussing Nord Stream 2. “We are trying to depoliticise the project. Its only target is to have a business case,” he said. “This is not the Kremlin.”

"The level of $45-50 (per barrel) is acceptable from the point of view of market balance: if prices go higher shale oil production could start to recover."

«Повышение энергоэффективности в городах и их устойчивое развитие являются важными направлениями энергополитики. В этом году эти вопросы станут одной из ключевых тем Международного форума по энергоэффективности и развитию энергетики ENES 2016, который пройдет в Москве 23-25 ноября», - отметил Дмитрий Зубов.

Обсуждая вопросы текущей деятельности компании в России, участники встречи отметили позитивное сотрудничество во всех сферах, в том числе в нефтегазовой отрасли. "Северный поток-2, являясь коммерческим проектом, направлен на повышение надежности энергоснабжения Европы и обеспечение дополнительных поставок газа.

The prospect of Sino-Russian gas cooperation could be very broad and more importantly decades of negotiation, joint projects and interactions have laid the foundation for future cooperation.

In 2015, LUKOIL Group total hydrocarbon production increased by 2.8 % y-o-y and reached 2.379 million boe per day. Crude oil production* increased by 3.6 % y-o-y to 100.7 million tons.

“Today, we signed a number of important documents aimed at further advancing the dialogue with our strategic partner OMV. Our relationship is no longer limited to business. By consistently enhancing our cooperation, we are moving toward our ambitious goals – increasing the supplies of Russian oil and gas to Europe and developing the scientific and technical potential of our companies.”

Natural gas consumption in the 28-nation European Union grew by some 4% last year to 426.3bn m3, according to latest estimates from Eurogas, the trade association representing 43 gas wholesale and distribution companies.

The deal, which resolves arbitration proceedings between E.ON and Gazprom, will lead to a positive one-off effect of about 380 million euros ($425 million) on E.ON's core earnings (EBITDA) in the first quarter of 2016.

“The company continues to improve its efficiency responding to the challenges of the global market. In Q4 2015 upstream operating expenses per boe and maintenance expense of the Russian refinery in RUB terms slightly increased in comparison with Q4 2014, despite of the growth in industry prices by 10.7%. Increase in earnings before interests, tax and depreciation by 17.8% in 2015, in terms of significant decline in RUB and USD denominated oil prices show an effective control over operating costs that allowed the Company to reduce its debt burden considerably, significantly increasing the sustainability of the business in challenging macroeconomic environment”

It says that two thirds of the gas will flow towards the Central European Gas Hub in Baumgarten, Austria. “This hub offers ideal connectivity and can handle large flows to central, east, southeast and south European countries, boosting their gas markets to comparable levels of liquidity and competiveness as in northwest Europe.”

Turkey has for the first time imported liquefied natural gas (LNG) from the US in 2016, said the message from Turkey’s Energy Market Regulatory Authority (EMRA).

Rosneft set a new record, having increased hydrocarbon production up to 254.2 mmtoe (5.16 mmboed). Development drilling meterage increased by 36% and reached 6.9 mln meters. More than 1.8 thousand of new wells were commissioned.