The initial recoverable proven reserves of the Arctic shelf of Russia make up 447 mln tonnes of oil and 10.142 trillion cubic meters of gas, said Minister Kirill Molodtsov. The initial recoverable hydrocarbon resources of the Arctic region total 258 bln tons of reference fuel and 60% of all hydrocarbon resources of Russia. Source: Tass
A second Russian vessel has now begun laying the almost-complete Nord Stream 2 gas pipeline in Danish waters, the pipeline development company said April 27, in a move likely to accelerate the final work on the Russia-Germany link. The Adakemik Cherskiy — which has dynamic positioning capabilities allowing for speedier pipelaying — has joined the Fortuna pipelayer carrying out work south of the Danish island of Bornholm in the country’s Exclusive Economic Zone (EEZ). Source S & P Global
The Chancellor stressed that Germany had always advocated for Ukraine to remain a transit country in the export of gas from Russia to the European Union Source Tass
China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. Source AP
