Latest Articles about Russia

Russia Resumes Electricity Exports to China

Russia's electricity suppliers have moved to resume exports from the country's Far East to China amid declining domestic demand. Russia's energy executives have announced that the region's major electricity exporter, the Bureiskaya hydropower plant, will reach its maximum designed capacity later than expected. On March... MORE

Major Russian Oil Company Secretly Buys Into Hungary’s MOL

The Kremlin-connected oil company Surgut Neftegaz has surreptitiously bought Austrian OMV's entire 21.2 percent stake in Hungary's MOL Oil and Gas Company. European Union authorities, the privately owned MOL, and Hungary are aghast at Surgut's move and OMV's collusion with it. Budapest and Brussels were... MORE

Azerbaijan and Russia Ink Tentative Gas Agreement

On March 27 Russia's state owned gas monopoly Gazprom signed a memorandum of understanding with Azerbaijan's state-owned oil and Gas Company, SOCAR, which would provide for deliveries of Azeri gas to Russia starting in January 2010. The report in the Russian newspaper Vedomosti on March... MORE