Latest news
E.ON might vend its 3.5% share in Russian gas giant GAZPROM
E.ON, the largest energy company in Germany, might sell its GAZPROM stake in the near future. The company holds at the moment a 3.5% stake, estimated at more than $4 billion.
read more... 29/06/2010
Russia will cut gas supplies to Belarus by 85 %
Russian gas giant Gazprom declared on June 18 that they are ready to cut the gas supplies to their Belarus partner Beltransgaz if they fail to pay off their debt by June 21st.
read more... 21/06/2010
Gazprom and EDF will sign South Stream deal next week
Gazprom, the Russian gas firm, will sign next week an agreement with EDF, the main purpose being the French utility taking a 10% stake in the multi-billion South Stream gas pipeline project, according to the CEO of Gazprom on Thursday.
read more... 14/06/2010
South Stream gas transaction between Russia and Greece
On June 7, Greece's natural gas grid operator DESFA and Russia's Gazprom will sign an agreement in Moscow in order to construct the Greek section of the natural gas pipeline project, South Stream, led by Russia, estimated at 1 billion euros, according to an official’s statement on Monday.
read more... 25/05/2010
The cost of the South Stream project might be less than $25.41 billion
Sergei Kupriyanov, Gazprom's spokesman, announced on Friday that the Gazprom’s South Stream gas pipeline project is under construction and the cost will be less than 20 billion Euros ($25.41 billion).
read more... 17/05/2010