Bypassing Ukraine will be costly for Gazprom, say analysts
Russia’s plans to drop Ukraine as a route for pumping natural gas to Europe will leave Gazprom facing about 1…
Gazprom annuls Saipem deal for Turkish Stream construction
The energy group Gazprom announced that it has canceled a contract with Italian contractor Saipem to build the first section…
Gazprom delays Turkish Stream works
Gazprom has told pipeline makers to suspend deliveries of pipes for expanding Russia’s network to be connected to the proposed…
Gazprom reaffirms plans to cut gas transit through Ukraine in 2019
Russia’s Gazprom has reaffirmed its plans to cut off gas transits through Ukraine to western Europe in 2019 and urged…
Moldovagaz, biggest company in Republic of Moldova, close to bankruptcy
Moldovagaz, the largest company in the Republic of Moldova, heads with confident strides towards bankruptcy. At least this shows the…
Russian oil production increased in Q1
The activities for extracting oil from Russia increased by 23% this year, and production reached a post-Soviet record high in…
Putin offers Ukraine a new price discount for gas in Q2
Russia will extend gas price discounts for Ukraine into the second quarter (Q2), the Kremlin website quoted President Vladimir Putin…
Gazprom does not give up South Stream, in spite of 70% lower profit
Gazprom’s net profit, calculated under Russian Accounting Standards (RAS), fell 70 percent last year to 189 billion roubles (3.3 billion…
Wintershall’s Chairman will become CEO of OMV
Rainer Seele, chairman of the board from 2009 at Wintershall, the largest oil and gas producer in Germany, will take…
Republic of Moldova in gas peril as Russians ask for price hike, Romanian supply too small
Russian Gazprom threatened to suspend gas supply to Republic of Moldova because of accumulated debts, and its subsidiary, MoldovaGaz, called…