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In the future Lithuania's apartments may be heated using shale gas imported from the US. Even President Dalia Grybauskaite thinks so, informs LETA/ELTA, referring to Lietuvos rytas. However, energy experts warn that Americans will decide everything on their won. Besides our dwarf market may...
Lower gas demand has lead Gazprom to cut its forecast for gas output at its Bovanenkovo field in the Yamal Peninsula. Vsevolod Cherepanov, head of Gazprom's production department, said natural gas output forecast at Bovanenkovo would be reduced by almost one-third. Cherepanov said that 2013 production...
Russia's biggest company turned 20 this year. But at Gazprom, there appears to be little cause for celebration. The state-controlled natural gas monopoly, which was established as a publicly traded corporation in 1993, recently announced that its net profits fell by 11 percent last year and its...
The Georgian energy ministry has sidestepped claims that it was ready to buy gas from Russia after a seven year hiatus. While analysts maintain having multiple suppliers is a sound policy, purchasing natural gas from Gazprom appears to carry too much political baggage to be worth the cost. Georgian...
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.
For more than ten years harsh negotiations among different oil majors and pipeline consortia have been taking place about the Southern Gas Corridor, all of them seeking to transit 10 bcm/year of natural gas that will be produced from the Shah Deniz giant gas field of Azerbaijan to the European Union.
Bulgaria no longer concerned over South Stream's environmental impactBulgaria’s Ministry of Environment and Waters has approved the ecological risk assessment report for the South Stream project. The South Stream gas pipeline will connect Russia and the Balkans through the Black Sea, pumping...
Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. Russian company OAO Gazprom is the majority shareholder in Nord Stream, an international consortium formed in 2005 to plan...
The Chief Executive of the South Stream Transport has brushed aside concerns over economic viability and technological challenges, stating that project to transport natural gas from Russia to the European Union is on schedule to be built by the end of 2015. “It’s a reality,” Marcel...
Nord Stream is one of the key players behind the push for a rapid ratification of an Estonian-Russian border treaty, says Hardo Aasmäe, a prominent scholar and geographer. There are two places currently on the table as the Russian landfall site of the new gas pipeline - Kolgompya and Kurgalsky.
