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Gazprom could face a 15 billion dollars fine from EU regulators

After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.

read more... 04/10/2013

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Ukraine continues to reduce gas imports from Russia

Ukraine intends to develop several gas routes from Hungary, Poland, Slovakia and Romania and to increase imports from EU countries as it want to reduce imports of expensive gas from Russia. Ukraine has pointed out that a cut in Russian natural gas acquires will be deeper next year than expected, amounting to 24.5 billion cubic meters (bcm).

read more... 19/08/2013

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Slovakian government is considering introducing new tax on renewable energy sources

Slovak Prime Minister, Robert Fico has announced that Slovakian government is considering additional taxation of producers of electricity from renewable sources that gained the right to generous purchasing electricity prices in the past.

read more... 24/05/2013

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Ukraine to diversify its gas supplies away from Russia

Ukraine is envisaging importing natural gas from Europe via Hungary and Slovakia in the first quarter of 2013, as it is trying to diversify its supplies away from Russia’s Gazprom.

read more... 13/02/2013

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Russian gas supplies returning to normal levels in the most European states

Russian gas flows to Bulgaria, Slovakia, Austria, Hungary, Poland and Greece have been reinstated to normal volumes over the weekend, while the gas deliveries to Romania, Germany, and Italy are increasing, European Commission press secretary Marlene Holzner said on Monday.

read more... 07/02/2012

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