Russia’s oil production will increase this year by 0.8%
Russia’s oil production will exceed this year the 2014 level by 0.8%, according to the estimates by the State Duma,…
Germany helps Russia bypass Ukraine via Nord Stream 2
Gazprom and its European partners signed a shareholders’ agreement on the Nord Stream-2 gas pipeline project that will run beneath…
Oil drops again, on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports…
Russia, Turkey to sign Turkish Stream deal during the next weeks
Russia and Turkey have agreed to prepare legally binding documents on the construction of the Turkish Stream pipeline by the end of June, Russian Energy…
Ukraine eyes gas imports from Romania
Ukraine is interested in importing Romanian natural gas to diversify its supplies, a senior Ukrainian energy official said on Tuesday. “They…
Lukoil maintains dividend growth even after crude’s plunge
OAO Lukoil’s board recommended a final dividend of 94 rubles a share for 2014, Russia’s second largest oil producer said…
Russia courts Greece, promises a gas price discount and new loans
Russia could give Greece a reduction in gas prices and new loans, and the announcement would be made during 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…
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…
Energy Union project, difficult to accomplish – experts
EU policymakers have unveiled plans for an Energy Union, hailing it as the biggest energy shake-up for more than half a…
European Commission wants to vet energy deals with non-member states
Member states’ energy deals with non-EU nations should be scrutinized by the European Commission before they are signed, according to…