Nord Stream 2, a 760-mile (1,225-km) pipeline project to ship gas from Russia under the Baltic Sea to Germany, would double the capacity of the existing Nord Stream pipeline and has divided the European Union.

According to the document, Gazprom will supply up to 3.5 billion cubic meters of gas per year to VNG Handel & Vertrieb in 2021 and 2022.

The document sets the price of the deal during which OMV will obtain a 24.98 per cent stake in the project for developing Blocks 4A and 5A in the Achimov formations of the Urengoyskoye field at EUR 905 million (USD 1.02 billion at the cross rate of the Central Bank of the Russian Federation as of June 7, 2019). The parties plan to enter into the final agreement on the deal before the end of 2019.

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that it has signed the Share Purchase Agreement (“Agreement”) with wholly owned subsidiary of China National Petroleum Corporation (“CNPC”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project.

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that it has signed the Share Purchase Agreement (“Agreement”) with CNOOC Ltd. (“CNOOC”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project.

PAO NOVATEK (“NOVATEK” and/or the “Company”), Total Gas & Power Business Services S.A.S, Siemens Aktiengesellschaft and JSC Zarubezhneft (Zarubezhneft) signed a Memorandum of Understanding (MOU) on cooperation in Vietnam.

Gazprom's supplies to Hungary from January 1 through June 5, 2019, totaled 4.3 billion cubic meters of gas, a 57.5 per cent increase versus the same period of 2018.

The meeting participants reviewed issues related to cooperation between the companies. Particular attention was paid to joint actions for hydrocarbon production in Russia, namely at the Urengoyskoye and Yuzhno-Russkoye fields.

It was pointed out that the French demand for Russian natural gas has been on the rise for the last four years.

The parties reviewed issues related to bilateral cooperation, paying special attention to the implementation of the Nord Stream 2 project. To date, more than 1,402 kilometers of pipes – over 57 per cent of the gas pipeline's total length – have been laid in the Baltic Sea.

In 2018, Gazprom exported to Serbia 2.15 billion cubic meters of gas, a 1.2 per cent increase from 2017 (2.12 billion cubic meters).

Russia's Gazprom Neft said Thursday it and Shell have agreed to create a joint venture to develop fields in West Siberia with combined estimated reserves of 1.1 billion mt of oil.

Over the last decade Russia and China have significantly increased their energy links, with Russia ramping up supplies of crude and gas, and attracting Chinese investment into major new energy projects.

A general contract for Russian-designed power units No. 3 and No. 4 construction with VVER-1200 reactors at Xudapu nuclear power plant was signed on June 5 in Moscow in presence of heads of Russia and China. The official signing ceremony took place during President of China Xi Jinping state visit to Russia.

On June 5, 2019, during the visit of Prime Minister of Slovakia Peter Pellegrini to Moscow, a memorandum of understanding on cooperation in the use of nuclear energy for peaceful purposes was signed between ROSATOM and Ministry of Economy of the Slovak Republic.