Latest news
EU, Russia and Ukraine to conclude a trilateral gas deal to ensure supply security
Vice President of the European Commission, Maros Sefcovic, said on Tuesday in his recent visit to Kiev, is envisaging inking a trilateral gas deal between Ukraine, Russia and the European Union, which should be valid till the arbitration in Stockholm by the end of the summer. The deal is aimed to ensure security of gas supply for next winter and beyond.
read more... 06/05/2015
Gazprom declares Hyundai will construct floating LNG terminal in Russia
South Korea's Hyundai Heavy Industries will construct a floating liquefied natural gas terminal for $295 million in the western Russian city of Kaliningrad, as mentioned by Interfax news agency citing state natural gas producer Gazprom on Thursday.
read more... 04/05/2015
Gazprom net income drops by 86% on oil price decline, rouble
Russian natural gas and oil producer Gazprom endured an 86 percent decrease in net income in 2014 due to the rouble's weakness, the drop in global oil prices and a conflict with Ukraine.
read more... 30/04/2015
Statoil should go ahead with Snorre field expansion
Norway's Statoil should continue with the postponed improvement of the Snorre oil and gas field in the North Sea since it is a time-critical investment, as stated by energy minister Tord Lien on Monday.
read more... 28/04/2015
New name for the French gas giant GDF Suez
French gas utility GDF Suez declared on Friday it was modifying its name to "Engie" to reflect a progressing energy sector and the group's increasing contribution to renewable power, marking a break from its previous state monopoly past.
read more... 27/04/2015