Latest news
Exxon and Petrom will have to invest $4-5 billion if gas discovery in the Black Sea is confirmed
Romania's major oil and gas conglomerate Petrom and U.S. top oil company ExxonMobil will have to invest $4-5 billion in the extraction of gas from a Black Sea field, in case additional data confirms their discovery, according to the statement made by President Traian Basescu on Wednesday.
read more... 04/09/2014
Slovakia: the pipeline to deliver gas from the EU to Ukraine has been opened
Slovakia launched a pipeline on Tuesday able to carry gas from the European Union to Ukraine, a connection that could potentially provide about 20 percent of the country's annual consumption since Kiev deals with a cut of Russia supplies ahead of winter.
read more... 03/09/2014
Russia and Ukraine settle on gas negotiations on September 6
Russia's Energy Minister Alexander Novak declared on Monday that Moscow and Kiev have decided to hold a new round of negotiations to resolve a gas crisis on September 6.
read more... 02/09/2014
Gazprom starts construction of the mega-pipeline to China
President Vladimir Putin supervised on Monday the beginning of construction on a giant pipeline that is likely to convey Russian gas to China of about $400 billion in the three decades after flows start in 2019.
read more... 02/09/2014
Statoil: 75% of gas sold to Europe at spot prices
Norway's Statoil, Europe's second major gas supplier, currently vends approximately 75% of its gas at spot prices, in a budge from oil-related prices that has aided it obtain market share but strike profits this year, as stated by its gas trading manager.
read more... 01/09/2014