Latest news
Spain’s Repsol unveils a significant hydrocarbon discovery in West Siberia
Spanish oil major Repsol unveiled it made two new hydrocarbon discoveries in relatively unexplored side of West Siberia. If combined, the two discoveries represent Russia’s largest hydrocarbon find for two years.
read more... 24/06/2014
Ukraine: Naftogaz announces that Gazprom intends to end compensation contract
Naftogaz, Ukraine's gas firm owned by state, declared on Thursday Russia's Gazprom desires to stop a contract which compensates Ukraine if it necessitates to utilize its gas to meet further demand from Europe.
read more... 20/06/2014
Russia halted gas delivery to Ukraine as talks fails
Russia halted gas supplies to Ukraine on Monday, marking the last hostile move in the conflict between the two countries. This is the third cut off to Ukraine since 2006.
read more... 17/06/2014
Europe is looking towards Azerbaijan for gas security
The EU is looking southwards for natural gas supply, eyeing Azerbaijan as a vital route for European energy security amid mounting tensions between Russia and Ukraine, posing a threat of cutting off gas supplies.
read more... 17/06/2014
Ukraine has no more time to pay its natural gas bill
The Russian gas conglomerate Gazprom is threatening to cut gas supply to Ukraine by June 16 if Kiev fails to honor its 1.95 billion gas debt by Monday, declared chief executive Alexei Miller.
read more... 16/06/2014