EC: Romania, affected by an interruption of Russian gas
The European Commission has announced that nine EU countries will suffer this winter if Russia completely cuts off the gas…
WTI Crude Falls Below $80 for First Time Since June 2012
West Texas Intermediate crude fell below $80 a barrel for the first time since June 2012 amid speculation rising U.S.…
Russia’s Gazprom second quarter net profit up 13 percent
Russian gas producer Gazprom said on Tuesday its second quarter net profit was up 13 percent to 227.6 billion roubles…
GDF Suez’s CEO: Russia will not cut off gas supplies this winter
Executive Director of the French company GDF Suez, Gerard Mestrallet, estimated that this winter should not be problems with Russian…
Power consumption falls by 1.1% at eight months
Final consumption of electricity in the national economy was 32.9 billion kWh in the first eight months of the year,…
Gazprom cut gas supplies to Romania with 18%
Russian group Gazprom reduced again, Wednesday, the natural gas deliveries for Romania, with 18% from the level requested by the…
Petrotel Lukoil – Distraint lifted, refinery resumes activity
UPDATE Director General of SC Petrotel- Lukoil SA Ploiesti, Andrey Bogdanov, was placed under judicial control, being prosecuted for tax…
Scheme for subsidizing large gas consumers to be defined by the end of the year
The Ministry of Economy expects that the state aid scheme for large gas consumers will be defined by the end…
Investigation undergoing at Lukoil refinery in Ploiesti in a case of tax evasion and money laundering
Prosecutors of Ploiesti Court of Appeal operated an investigation on Thursday at the Lukoil refinery in Ploiesti, in a case…
Ukraine is not satisfied with Russia’s proposals in the gas issue
The Ukrainian Energy Ministry said Tuesday it had received no “acceptable proposals” from Russia during last week’s gas talks with…
Europe is coming to terms with energy, climate policies
Of course Europe cannot solve the world’s climate problem on its own. But it can deliver the stable framework conditions…