Latest news
Ukraine will reduce 2016 gas imports, none from Russia
Ukraine is expected to reduce its natural gas imports to between 11 billion and 13 billion cubic metres (bcm) this year and bring it all from the European Union, avoiding Russia totally, as stated by its energy minister on Wednesday.
read more... 29/01/2016
Daily: Crude oil rallies on hopes of Russia, OPEC cooperation
Crude oil futures rallied on Wednesday after a declaration from Russia’s energy ministry that there is a possibility of cooperation with OPEC, raising hopes for a deal to slash a global oversupply. Brent crude increased $1.30, or 4.1 percent, to close at $33.10 a barrel, after hitting a session high of $33.49. WTI crude climbed 85 cents to settle at $32.30 per barrel, up 2.7 percent, having peaked at $32.84.
read more... 28/01/2016
VNG acquires German power retailer from Gazprom
Goldgas, a German gas retailing division of VNG, is to purchase power retailing company Gazprom Marketing & Trading Retail Germany (GM&TRG), a 100-percent unit of Russian Gazprom's Marketing & Trading Ltd. in London.
read more... 28/01/2016
Russian gas exports to Germany through Nord Stream increase 10% in 2015
Russia increased its natural gas exports to Germany through the Nord Stream twin pipelines that traverse the Baltic Sea by 10 percent in 2015, as stated by its operator on Friday.
read more... 26/01/2016
Finland: liberalisation of its gas market expected by 2020
Finland intends to progressively liberalise its wholesale and retail gas markets by 2020 amid plans to connect its gas system with the Baltic states, cutting its reliance on Russian imports, as stated by the economy ministry on Thursday.
read more... 22/01/2016