Russian President Vladimir Putin said at the Eastern Economic Forum that Russia and Ukraine still have a chance to reach a peace deal, with contacts continuing mainly through security services. He confirmed that businesses are obliged by decree to protect facilities from Ukrainian attacks, said Russia is not planning mobilization, and described retaliatory strikes as a deterrent.

Vladimir PutinUkraine peaceenterprise protectionEastern Economic Forum

Russian President Vladimir Putin said new power-generation facilities, including small nuclear plants, will be built in the Arctic. Russia also plans data-processing centers in the Arctic and the Far East, with those plans already being implemented.

Arcticsmall nuclear plantsdata centersRussia

Russian President Vladimir Putin said at the Eastern Economic Forum that foreign investment would flow into Russia if the country ensured stable economic conditions. He noted that investment sources could vary widely and said Russia’s Far East had substantial potential for long-term cooperation.

Russiaforeign investmenteconomic policyEastern Economic Forum

Speaking at the Eastern Economic Forum, Russian President Vladimir Putin said he wants to “pass the ball to the new convocation of the State Duma” and expects deputies to help improve the business climate. He also announced a new decade-long development strategy for the Far East. The region attracted about 25 trillion rubles in investment over 11 years, while its gross regional product more than tripled and unemployment fell to 2.2%.

RussiaVladimir PutinFar East developmentEastern Economic Forum

Chinese Vice Premier Ding Xuexiang said cooperation with Russia on the joint development of the Northern Sea Route is rapidly expanding and helping improve the well-being of people in both countries. He also said construction of the eastern-route gas pipeline is progressing.

ChinaRussiaNorthern Sea RouteEastern Economic Forum

Chinese Vice Premier Ding Xuexiang stressed the need to maintain stable energy supplies between China and Russia’s Far East. Speaking at the Eastern Economic Forum plenary session, he called for using the region’s geographic and resource advantages, advancing key projects and keeping energy links operating steadily to strengthen the economic foundation and improve people’s well-being.

ChinaRussian Far Eastenergy suppliesEastern Economic Forum

Russian Deputy Prime Minister Alexander Novak says Russia expects to deliver about 50 billion cubic meters of natural gas to China this year through Power of Siberia 1, with another 10 billion cubic meters supplied via Kazakhstan. Russia also provides China with liquefied natural gas.

RussiaChinanatural gasPower of Siberia 1

Russian Deputy Prime Minister Alexander Novak said the route and commercial terms for the Power of Siberia 2 gas pipeline will be discussed at Friday’s meeting of the Russia-China intergovernmental commission on trade and economic relations. The planned pipeline would run through Mongolia and could carry up to 50 billion cubic meters of gas annually.

Power of Siberia 2Russia-China energygas pipeline

Chevron says it has received additional acreage in Venezuela’s Orinoco Belt and will invest more than $7bn through joint ventures to double production to about 600,000 barrels per day within five years. The expansion includes two adjacent areas in the Carabobo region.

ChevronVenezuelaoil productionOrinoco Belt

US energy major Chevron has pledged $7bn to expand its joint ventures in Venezuela and double production, as the White House presses for a substantial increase in the country’s output.

ChevronVenezuelaoil productionenergy investment

Chevron says it will expand its operations in Venezuela through a $7 billion investment that will more than double production.

ChevronVenezuelaoil investment

Chevron says it will expand its operations in Venezuela, days after President Donald Trump announced an ambitious agreement to develop the country’s oil reserves and give the Pentagon a share of the profits.

ChevronVenezuelaoil operationsDonald Trump

U.S. President Donald Trump is pressing ahead with efforts to tap Venezuela's oil wealth, announcing a new deal intended to raise production there. He is also presenting a possible U.S. controlling stake in part of Venezuela's reserves as a warning to Canada, while experts say Western Canada's oil industry has little reason for concern.

VenezuelaoilDonald TrumpCanada

Chevron is expected to announce an expansion of its Venezuelan operations on Wednesday. The move follows parliament’s approval of Washington taking control of a fifth of the country’s oil reserves, while US Energy Secretary Chris Wright arrives in Caracas to sign the agreement.

VenezuelaChevronoilUS energy policy