Russia | Egypt Oil & Gas - Part 36
EU’s Rejection to Nord Stream Grows
The center-right European Peoples' Party (EPP), the largest group in the European Parliament, has taken a strong position against Russia's Nord Stream-2 project.
Russia Gets Funding for Gas Plant from China
Two Chinese state banks have agreed to lend more than $12b to develop a Liquefied Natural Gas (LNG) plant in the Russian Arctic, in a boost for one of Russian President Vladimir Putin’s flagship projects. Russia Ups Oil Exports to China
Russia exported 6.8m ton of crude oil to China in the first quarter of this year, First Deputy Energy Minister Kirill Molodtsov said, adding that the ministry expects more growth.
IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible
The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to "pump as much oil as possible."
Kuwait Boost Purchase of Russian LNG
Kuwait has plans to purchase up to 1.5m metric tons of LNG from Russia on an annual basis, according to Deputy Managing Director of Kuwait Petroleum Corporation (KPC), Nasser Abdullah Saleh. Russia’s Rosneft Eyeing Iranian Oil&Gas Projects
Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak. However, the Minister added that "It is too early to talk about any concrete plans as Iran".
Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting
Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze.
French Engie, Gazprom to Adapt Gas Contracts Prices
French gas and power group Engie and Russia's Gazprom Export have agreed to adapt the price of its long-term gas supply contracts to fit market conditions. 
