Germany will also support the extension of carbon trading to providers of heating and transport, and the introduction of a CO2 border adjustment mechanism at the EU level.

Greece, aiming for renewables to account for 61% of final electricity consumption by 2030 from 29% last year, wants to shorten its permitting process to about two to three years.

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.

China, India, Japan, South Korea and the UK will join the US in releasing strategic oil stocks, the White House said, without giving further details.

«Российская Федерация и ОАЭ обладают всеми возможностями для того, чтобы стать одними из лидеров в предстоящей трансформации мирового энергетического рынка и обеспечении эффективного энергетического перехода», – отметил Замминистра.

"I can confirm to you we will launch new projects on all types of energies especially renewable energy and hydrogen. We clearly want to be hand in hand in the fight against climate change."

Preliminary production figures for October 2021 show an average daily production of 2 062 000 barrels of oil, NGL and condensate.

The revised EEAG, also called Climate, Environmental Protection and Energy Aid Guidelines (CEEAG), foreseen to apply from 2022, is likely to ban state support for projects involving fossil fuels, in particular oil, coal and lignite.

Rosneft exercised the pre-emption right for 37.5% share of the PCK (Schwedt) refinery from Shell.

It was noted that Russia has been a reliable supplier of gas to France for as many as 45 years, with exports over this period surpassing 427 billion cubic meters in total.

The regulator said a new subsidiary of Nord Stream 2 AG announced by the operator would need to submit a new application for certification.

The Company increased its gas supplies to Turkey (+98.1 per cent), Germany (+19.6 per cent), Italy (+18.3 per cent), Romania (+247.1 per cent), Serbia (+92.9 per cent), Bulgaria (+48.2 per cent), Poland (+7.3 per cent), Greece (+13.7 per cent), Slovenia (+53.3 per cent), and Finland (+10.8 per cent).

Russia has said that Nord Stream 2 is ready to begin commercial operations pending regulatory approval and that gas flows through the pipeline would help ease the current high European gas prices, which remain at sustained highs on winter supply concerns.

Russia is the world's seventh-largest producer of uranium, with an output of 2,846 t in 2020. The country's uranium reserves reach 256,000 t.