Russian investment group A-Property has hired energy services company TechnipFMC on May 5 to design a $10 billion LNG operation in the north of the country that it hopes to complete by 2025 and sell LNG to Asia.
President threatened to allow group of senators to push through measure to cut off aid.
The record oil production cuts agreed to by OPEC, Russia and other producers may not be delivered in the short-term, according to analyst.
While it remains an option, administration says it doesn’t believe it will be necessary.
After four days of wrangling, OPEC, Russia and other oil-producing nations agreed to cut output by a record amount of 9.7 million bbl/d, representing around 10% of global supply.
Major U.S. oil companies and industry groups are opposed to mandated cuts, which would be an extraordinary step in the United States.
Prices drop after a proposed meeting is delayed, but the energy secretary expects a 10% to 15% drop in production after a meeting later this week.