Latest news
Hungary can utilize gas from Russian accord over next 4-5 years
Hungary will employ the remaining gas in its supply agreement with Russia over the next four to five years and like this evade having to pay 3 billion euros for the unexploited gas once the contract expires at the end of 2015, according to the Prime Minister Viktor Orban.
read more... 19/02/2015
Gazprom: 2015 budget to be fulfilled with oil at $40/barrel
Gazprom, Russia's gas producer owned by State, will be able to achieve its 2015 budget even with oil at $40 per barrel, as stated on Wednesday by Andrei Kruglov, the chief financial officer.
read more... 19/02/2015
Hungary seals favorable gas deal with Russia, defying Europe, protests
Hungary and Russia sealed a natural gas deal, during the official visit Tuesday by Russian President Vladimir Putin to Hungary.
read more... 18/02/2015
Canada imposes fresh sanctions on oil giant Rosneft, Rostec CEO
Canada has imposed new sanctions against Russian oil conglomerate Rosneft and Rostec CEO, Sergei Chemezov, blaming Russia for military backing of the separatists in eastern Ukraine.
read more... 18/02/2015
Ukraine to spend $1 billion to build up a strategic gas reserve
Ukraine has unveiled a plan to borrow $1 billion to create a strategic gas reserve in order to reduce its reliance on fuel imports from Russia.
read more... 17/02/2015