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, 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 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 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 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