News about Alexander Novak: events, facts and developments on tafs uz.
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Deputy Prime Minister Alexander Novak said that Moscow and Beijing expect to agree on the commercial terms of building the 'Power of Baikal' gas pipeline (formerly 'Power of Siberia — 2') by the end of 2026. The project, with a capacity of up to 50 billion cubic meters of gas per year, will pass through Mongolia.
Javlon TursunovRussian Deputy Prime Minister Alexander Novak said that only one of the four Nord Stream lines remains operational, while the three damaged ones can technically be restored if there is demand and economic feasibility. The resumption of supplies, according to him, depends on the consent of European consumers, primarily Germany. Earlier, Putin estimated the capacity of the surviving line at 25–28 billion cubic meters of gas per year.
Javlon TursunovDeputy Prime Minister Alexander Novak said that Russia expects to restore diesel fuel exports, including supplies to the US, by the end of 2026. Other countries will also be able to receive Russian diesel if sufficient volumes are available beyond the needs of the American market, but refineries have not yet returned to their previous production levels.
Javlon TursunovRussian Deputy Prime Minister Alexander Novak said that Russia is capable of fully restoring diesel fuel export volumes by the end of 2026 if it stays on schedule. Currently, exports are being restored within the capacity limits of refineries. On October 10, the government partially lifted the ban on diesel exports, allowing the supply of 500 thousand tonnes.
Sevara AzamovaOn October 20, Brent fell to $106.24 per barrel, dropping more than 3%, but by 18:45 Moscow time it recovered to about $108.2, remaining more than 1% below the previous session's close.
Javlon Tursunov
