Support The Moscow Times!
Contribute today

Gazprom’s SeverEnergia Sale

By The Moscow Times

Gazprom will sell its controlling stake in SeverEnergia, a Russian gas project with Eni and Enel, to a venture that its oil unit has with Novatek, Gazprom said Tuesday.

The participation of Novatek, which has fields and gas condensate processing facilities in West Siberia, will help lower costs and speed up development of SeverEnergia’s deposits, it said in an e-mailed statement. Gazprom Neft, the oil unit, will help develop the project’s crude resources, the company said.

“We consider the acquisition of fields like these in the Yamal-Nenets region, near gas transportation infrastructure and Novatek processing units, to be highly promising,” Novatek spokesman Mikhail Lozovoi said.

(Bloomberg)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

high-profile case

Russia Detains Deputy Defense Minister Over Corruption Suspicions

Timur Ivanov has overseen the construction of Patriot Park and the Armed Forces cathedral outside Moscow as well as the reconstruction of Mariupol.
2 Min read
'duties to the homeland'

Ukraine Pushes Military-Aged Men To Return Home

The move would likely oblige Ukrainian men to return from abroad to undergo administrative procedures that were previously available abroad.
2 Min read
threatened strikes

Russia Vows to Attack Western Weapons in Ukraine

“We shall increase the intensity of strikes against logistics centers and storage facilities of the Western armament,” Defense Minister Sergei Shoigu...
1 Min read
prolonged detention

Russia Rejects U.S. Journalist Gershkovich’s Detention Appeal

Gershkovich, 32, a reporter for The Wall Street Journal, has been in Moscow's notorious Lefortovo prison for more than a year after he was arrested while...
2 Min read