Gazprom profit slides but Europe sales push higher
Gazprom, the largest Russian gas producer, saw its profit slump more than 80pc in the second quarter of 2017 despite…
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Import-Export
Despite new U.S. sanctions, Russian oil traders say it’s business as usual
Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on…
Gazprom expects no changes to key projects from new US sanctions
Gazprom said on Aug. 14 that new U.S. sanctions against Moscow would not result in the Russian gas exporter having…
Romania imported 11% less oil in H1
Romania imported in the first half of this year a quantity of crude oil of 3.317 million tonnes, with 415,200…
Poland to continue steps to cancel EU move to grant Gazprom more access to OPAL
Poland will continue its efforts to cancel the decision of the European Commission to grant Russia”s energy giant Gazprom more…
MOL raises bar for 2017 after H1 good results
MOL Group announced all business segments increased their earnings in H1, implying a 23% growth of Clean CCS EBIDTA in…
Bulgaria works for a new energy strategy in 2018; further step for the gas hub “Balkan”, within days
Until mid-2018, Bulgaria will have a new energy strategy for the period up to 2030 with horizon until 2050, the…
Romania approves China Energy bouyout of Rompetrol
KMG International Group (KMGI) announces the recent decisions of the Romanian authorities approving the transaction signed at the end of…
BRUA goes ahead: ANRE to approve the Open Season Rulebook for the capacities related to the Romania–Hungary segment
The Regulatory Committee of the National Energy Regulatory Authority (ANRE) will approve on Friday the proposal to start the tender…
OMV, Exxon and Austria – main losers of BRUA deviation, according to ICIS
While watching Hungarian authorities offering Gazprom a new deal on a platter, Americans of Exxon, that exploit new Black Sea…
OPEC moves to cap Nigerian oil output, boost compliance
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…
EU court reinstates Gazprom’s extra access to German Opal natural gas link
Russia’s Gazprom will soon be able to bid for up to 12.8 Bcm/year of extra capacity in Germany’s 36.5 Bcm/year…
Romania, Bulgaria, Greece and Hungary promise to work for the Vertical Gas Corridor
Transgaz, a company controlled by the Ministry of Economy, signed on Wednesday the memorandum regarding the Vertical Gas Corridor that…
The lack of clarity and predictability of the regulatory environment in the gas field persists
The lack of clarity and predictability of the regulatory framework for natural gas persists, with negative impact on both the…
BRM demolishes arguments for ceding the gas exchange, denies keeping just part of trades
The Romanian Commodity Exchange (BRM) leadership disagrees with the proposals according to which the gas ring is to be given…
Gazprom seen a 19% increase in gas output since the beginning of the year
Gazprom has increased gas production since the start of the year by 18.8 percent to 248.8 billion cubic meters, in…
Russia sanctions bill stalled by GOP over energy provisions
House Republicans are throwing up new roadblocks to a Russia and Iran sanctions bill over concerns from the energy industry…
KMGI plans to invest billions of dollars in Romania, funded by China Energy Company
KazMunayGas International plans to make billions of dollars worth investments to improve assets in Romania, but also to acquire new…
Israeli gas could be delivered to Balkans via Turkey
Turkey’s Energy Minister Berat Albayrak is set to visit Israel by the end of this year to conclude an agreement…
Russia’s Gazprom: U.S. sanctions may delay Nord Stream 2, Turkish Stream
Potential new U.S. sanctions against Moscow may delay some of Gazprom’s projects, including Nord Stream 2 and Turkish Stream gas…
Gas imports more than double over the small import prices
Romania imported between January and April 2017 542.100 tons of oil equivalent (tep) of usable natural gas of, with 251,1%…