article thumbnail

ExxonMobil to discontinue operations at Sakhalin-1, make no new investments in Russia

Green Car Congress

ExxonMobil is discontinuing operations at Sakhalin-1, and will make no new investments in Russia. The sub-artic Sakhalin-1 Project is one of the largest single international direct investments in Russia. The Russia party is represented by two Rosneft affiliates: RN-Astra (8.5%) and Sakhalinmorneftegaz-Shelf (11.5%).

Russia 284
article thumbnail

Nissan to begin production of Pathfinder hybrid in Russia; importance of Russian market

Green Car Congress

Nissan’s all-new fourth-generation Pathfinder—which will be built in Russia—will be available with a standard 3.5L The 15 kW electric motor and gas engine work in tandem to provide performance similar to the conventional Pathfinder. Russia also is the only market in the world where Nissan Motor Co. Hybrids Russia'

Russia 300
article thumbnail

OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030.

Oil 465
article thumbnail

Russia Considering Coal-to-Liquids Plant

Green Car Congress

Russia is considering building a coal-to-liquids (CTL) plant, according to Energy Minister Sergei Shmatko, speaking at an energy forum in Moscow. Russia produced 321 million short tons in 2006 (roughly a quarter of US coal production), making it the fifth largest in the world. Businessmir.

Russia 199
article thumbnail

Rosneft signs agreements with Volkswagen Group Rus and KAMAZ to boost natural gas vehicles and fuel in Russia

Green Car Congress

Rosneft signed an agreement with the Volkswagen Group Rus signed an agreement aimed at the development of the compressed natural gas (CNG) market in Russia, as well as the CNG-powered vehicles market. Volkswagen.

Russia 207
article thumbnail

Report: scale of planned Russia-Japan LNG project doubles

Green Car Congress

The Nikkei reports that a Russian-Japanese liquefied natural gas project in Vladivostok will kick off with an eye toward producing 10 million tons of LNG a year, twice as much as initially planned. and an Itochu subsidiary have agreed with Russia’s state-run Gazprom to carry out feasibility studies for the project. Marubeni Corp.,

Russia 210
article thumbnail

EVs are avoiding about 3% of global oil demand—a fifth of Russia's total exports

Green Car Reports

Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. But electric vehicle adoption has been helping make the situation less grim. Plug-in vehicles avoided roughly 1.5

Russia 212