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Russia abandons plans to catch up to US’s LNG production
The Russian Energy Ministry has dramatically lowered its prediction of the country’s future liquefied natural gas (LNG) production, according to the Energy Strategy 2035, extracts of which were cited by Interfax.
In autumn, Russian Energy Minister Alexander Novak and Novatek co-owner Leonid Mikhelson said that in the next 16 years Russia could be producing up to 140 million tons of LNG per year. In October, the Energy Ministry set a target of 100 million tons by 2035 in its energy strategy. …
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Washington: ‘Serious’ US companies are considering buying Ukraine’s Motor Sich
William Taylor, Chargé d’Affaires of the US Embassy in Kyiv, said that “serious American” companies are investigating the possibility of buying the Ukrainian aerospace company Motor Sich, KyivPost reports.
“There are several serious American and other companies interested in Motor Sich. They’re doing legal due diligence, looking at financial reports, visiting the plant, and talking to the owners. They’re doing a serious analysis,” Taylor told a number of Ukrainian media outlets.
Taylor did …
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Russia announces plans to withdraw from OPEC+
In 2020, Russia will consider the possibility of withdrawing from its agreement with the OPEC countries, according to which the largest oil producing countries must reduce their production in order to support oil prices by preventing excess supply.
The OPEC+ deal, first signed at the end of 2016 and extended five times since then, becoming the first coordinated step between Russia and Saudi Arabia in more than 20 years, will not be permanent, Russian Energy Minister Alexander Novak told the TV …
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Ukrainian Foreign Minister: Germany declined to provide military assistance to Kyiv
The German news agency RND has cited Ukrainian Foreign Minister Vadym Prystaiko as saying that Germany refused to provide Ukraine with military assistance “needed for opposing Russian aggression”.
The Ukrainian Foreign Minister said that Kyiv is gratef l to Berlin for financial aid and for support on the international level, but must nevertheless note that the German government declined Ukraine’s request for military aid.
“I am still expecting official Berlin to revise its stance on this …
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Merkel and Macron welcome exchange of prisoners in Donbas
German government deputy spokesperson Martina Fitz wrote on her Twitter that Berlin and Paris welcome the exchange of prisoners between the parties involved in the military conflict in the Donbas.
As Fitz noted, the exchange should help restore trust between the parties and establish a ceasefire. "Amid the celebration of the New Year and Orthodox Christmas, today's exchange has become a humanitarian gesture that everyone was expecting for a long time," said Fitz.
The exchange is the proof of …