Alexander Novak

OPEC members and key oil producers from outside the cartel will meet on April 17 in Doha in a bid to stabilize falling crude prices, Qatari energy minister Mohammed al-Sada said on March 16.

Russia and Saudi Arabia, the world’s two largest crude producers, agreed to freeze output and fix production at January levels after talks held in Doha, Qatar.

The Russian government will draw up measures to ease administrative costs for energy producers hit by the fall in oil prices, but will not provide financial support, Energy Minister Alexander Novak said on Jan 23.

Russia is ready to scale up natural gas supplies to Turkey, Russian Energy Minister Alexander Novak said on Dec. 28 in an interview with Rossiya 24 TV Channel. 

"Russia has gas. Russian gas is fairly cheap. We have relevant infrastructure and we are definitely ready to supply and increase gas supplies [to Turkey]," the minister said, as quoted by TASS News Agency. 

Talks over Turkish Stream have not been renewed yet, but the project has the right to existence if Ankara is interested, Russian Energy Minister Alexander Novak has pointed out.

Novak has asserted in a TV interview that Moscow is ready to deliver and increase the amounts of gas to the country and has added that Russia-Turkey cooperation has to continue.

Russian Energy Minister Alexander Novak has announced the Turkish Stream gas pipeline project between Moscow and Ankara has been abandoned.

Novak's statement that work on the project is now suspended comes after earlier comments by Russian officials that talks between Russia and Turkey over the project had not yet been frozen as reported.

Russia and Turkey, at loggerheads since Ankara shot down a Russian warplane last week, have suspended talks on their joint Turkish Stream project to pipe gas to Turkey and southern Europe, Russia's energy minister said on Dec. 3.

Russia doesn't consider the construction in Bulgaria of a gas hub or a branch of the planned Turkish Stream pipeline, Russian Energy Minister Alexander Novak has said.

"This is not being discussed," Russia news agency TASS quoted Novak as telling reporters on Friday.

G-20 leaders meet in Turkey's Antalya, under the shadow of the Paris attacks that killed at least 129 on Nov. 15, with plans to focus on the Syrian crisis, climate change and a heavy economy and trade agenda. Follow our live blog for instant updates from the summit. 

Russia requires construction licenses for at least two lines of the proposed Turkish Stream pipeline project, Energy Minister Alexander Novak said on Oct. 2.

The Turkish Stream pipeline replaces the cancelled South Stream project to carry Russian gas to Europe and Turkey via the Black Sea. At the moment, Europe gets a lot of its gas from Russia through Ukraine.