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Ukrainian ambassador to Turkey Sergiy Korsunsky has said that Ukraine may seek a stake of up to ten percent in the Trans Anatolian pipeline project. Speaking at the CIS Oil and Gas Summit in Paris today in an expert role, rather than that of a government representative, the ambassador said...
Gazprom has approached Naftogaz to move forward development of Pallas gas field in the north-eastern part of the Black Sea shelf, which has languished since an initial agreement in January 2010. According to Ukrainian experts, the Pallas field holds an estimated recoverable reserves of 75 billion...
Ukrainian national gas company Naftogaz Ukrainy has announced that it has opened talks with German supplier RWE, as part of its plans to diversify supply away from Russia's Gazprom. As part of these discussions, the company said that it had signed a framework agreement with RWE. Under this framework...
German utility E.ON has announced a rise in profits of 27 per cent for the first quarter of this year, following the renegotiation of gas contracts and increased sales to Russia. Earlier this year, E.ON renegotiated a gas contract with Norwegian major Statoil, which supplies around 25 per cent of E.
The South Stream natural gas pipeline project through the Black Sea is a Russian-EU partnership. “Often our project is perceived as a purely Russian enterprise. In fact, it’s based on parity,” Sebastian Sass, Head of Communications & Spokesperson, South Stream Transport AG said.
The freezing air temperatures in the beginning of this year made the Europeans wonder again if Gazprom actually is a reliable source of natural gas. After a few clumsy attempts of accusing either Ukraine or the EU’s market liberalization policy of causing delivery disruptions, the management of...
The Azeri-Turkish agreements of late 2011 have opened up real possibilities for effecting positive gains in the European and trans-Caspian energy equation. These agreements arranging for the transport of Azeri gas to Turkey and beyond create for the first time both a dedicated pipeline to bring Azeri...
Gazprom believes it sells gas to Ukraine at the European market price. The Russian gas giant also claims that the prices paid by the former Soviet states should achieve netback parity with the European exports. However, for more than three years, Ukraine has been buying gas at prices way above...
Russia's Gazprom says it is considering the construction of a gas pipeline to Japan, following a meeting at Gazprom Export's headquarters yesterday. The meeting, which took place between Deputy Chairman of Gazprom's Management Committee Alexander Medvedev and delegates from Japan's ruling Democratic...
A planned Russian tax hike on mineral extraction for gas companies has been implemented yesterday, Russian Deputy Minister for Finance Sergei Shatalov said. The tax increase will see the tax take for Russian giant Gazprom double. However, independent gas companies, such as Novatek, will be see...