We understand that countries, through which the gas pipeline was supposed to go, were expecting investment projects and creation of jobs, tax revenue growth, there is a legal study over the intergovernmental agreements, which were signed in 2008-2009.

Alexander Novak

Categorized in : Energy

Everyone should fulfill his obligations as we agreed in Abu Dhabi, if there is a need, in case of an emergency, we always can get together and discuss some other parameters. But it is too early to talk about it now.

Alexander Novak

We will continue our international cooperation with our colleague... by Alexander Novak

We will continue our international cooperation with our colleagues, with my friend Mr. Falih.

Alexander Novak

This is very important for the market to maintain its stability. by Alexander Novak

This is very important for the market to maintain its stability.

Alexander Novak

As far as normalization of the situation is concerned, we expect that to happen in the second half of May. Work in this direction continues.

Alexander Novak

We see that consumption in Europe is growing, it was around 6 percent in the first half of the year, in the next 5 - 10 years the supply volumes to the European consumers will be higher than in 2017 and 2018. We can talk about additional growth of 10-15 percent.

Alexander Novak

At this stage the 1 million is quite rational. by Alexander Novak

At this stage the 1 million is quite rational.

Alexander Novak

I think the output reduction will not be as significant as many expect. Some 10 percent is probably the maximum level.

Alexander Novak

The moment is coming when we should consider assessing ways to exit the deal very seriously and gradually ease quotas on output cuts.

Alexander Novak

We have a common position. by Alexander Novak

We have a common position.

Alexander Novak

This is the first Russian produced powerful machine with 100-percent domestic manufacture and it will, of course, help us to completely substitute purchases of foreign equipment of this capacity.

Alexander Novak

There are different options, political ones, economic ones, russia delivers coal to the Ukrainian energy sector. We could, and maybe in this situation we need to, take a decision about halting deliveries of coal by our commercial organizations which deliver coal to Ukrainian power stations.

Alexander Novak

Today or tomorrow gas deliveries will be stopped because of lack... by Alexander Novak

Today or tomorrow gas deliveries will be stopped because of lack of advance payment.

Alexander Novak

In our opinion, we managed to reach an agreement on a winter pack... by Alexander Novak

In our opinion, we managed to reach an agreement on a winter package.

Alexander Novak

Many countries agree that any artificial action to change the situation on the (energy) market is impossible, volatile prices are part of market conditions.

Alexander Novak

We have got the plans which companies have embarked on for next year: (output) will be along the same lines as this year.

Alexander Novak

We don't know what decision will be taken tomorrow ... Consultations have been going on over recent days ... In general, I am sceptical that any decision on output cuts may be taken.

Alexander Novak