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The third and fourth sections of Russia’s “South Stream” will be completed by 2018. However, supranational structures in Brussels and their representatives in Berlin still cannot set forth a predictable and unified position on this project of undisputed geopolitical importance. ...
Profit at the Russian gas giant, Gazprom, fell 10% in 2012. A 17% drop in sales to countries formerly in the Soviet Union was one of the larger negatives on the balance sheet. The company said net sales of gas decreased by 6%, although domestic sales increased by 3%, in a statement of accounts on its website.
European gas buyers risk paying huge sums when demand surges if they insist that Gazprom sell at spot prices rather than via long-term deals linked to oil, a Gazprom executive has said. He made the comments in an interview with Reuters. The Russian gas giant sells most of its gas linked to oil...
Gazprom’s pipeline system, which is to deliver natural gas from Eastern Siberia to China and other Asian nations, may become operational in 2017, as the company insists. The system with the ultimate capacity of 61 bcm a year is not going to be cheap. The 1,420-millimeter pipes capable of...
As production at Russia’s mature oil and natural gas fields begins to decline, the country is looking to exploit the vast natural resources of its continental shelf to maintain its position as one of the world’s largest energy producers. Renewed interest in the untapped resources of the Russian...
Self-inflicted wounds For several years Gazprom has been doing all it could to destroy its marketing niche in Ukraine, and seems to be approaching a full victory in this battle. Ukraine used to be the largest foreign consumer of Russian natural gas. In 2006 it imported 59 bcm of it. The second...
On 26 April a government draft bill was put forward in the Ukrainian parliament providing for the lifting of the ban on privatising the state-owned company Naftohaz, which is responsible for the transport and storage of gas. If the parliament accepts the draft law, then the government will take...
The company behind the Nabucco West pipeline says it is ready to deal with expressions of interest in using its facility for transport, and has launched what it calls "Open Season." Nabucco Gas Pipeline International GmbH announced Monday the launch of the process for booking capacity on the pipeline...
Russia will commit to transport at least 60 billion cubic meters (bcm) of gas through the Ukrainian transport system if a bilateral gas transport consortium is created with Ukraine, ambassador to Ukraine Mikhail Zurabov said at a briefing in the Ukrainian capital. BBC Ukraine Service reported the commitment...
Sakhalin Governor Alexander Khoroshavin has said that shareholders of the Sakhalin-1 project, the Japanese gas buyers and local authorities should work together to support the project of the second liquefied natural gas (LNG) plant to be implemented in Sakhalin, Port News has reported. Khoroshavin met...
