russia & fsu
Saturday, 04 July, 2009, 05:10 GMT | more >>
Nabucco partners close in on pact
Friday, 03 July, 2009, 10:52 GMT

An intergovernmental accord for the Nabucco natural gas pipeline will be signed in Ankara on 13 July, Romania's Economy Minister said today.

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Poland to push Russia gas deal to 2035
Friday, 03 July, 2009, 10:00 GMT

Poland may prolong its gas contract with Russia until 2035, the prime minister's energy adviser was quoted as saying today.

 
Kashagan development costs slashed
Friday, 03 July, 2009, 07:52 GMT

The cost of developing Kazakhstan's huge Kashagan oilfield will be cut by at least $1 billion as the global crisis drives down machinery prices, Kazakh Energy Minister Sauat Mynbayev said today.

Russian gas output dives
Thursday, 02 July, 2009, 06:14 GMT

Russian oil output edged up in June while natural gas production continued its steepest decline in a decade because of low demand in Russia and Europe, energy ministry data showed today.

 
Credit crunch 'cuts Kashagan costs'
Thursday, 02 July, 2009, 10:38 GMT

The AgipKCO consortium, which is developing Kashagan, said today that the global economic crisis may help reduce some of the costs associated with developing the Caspian Sea field.

Naftogaz takes close look at transit deal
Thursday, 02 July, 2009, 09:05 GMT

Ukrainian state energy company Naftogaz has hired a consultant to assess whether the gas transit rate charged to Moscow is fair, despite criticism by Ukraine's president that it was too low.

 
Russia offers Turkey slice of South Stream
Thursday, 02 July, 2009, 02:03 GMT

Russia has offered Turkey a role in its South Stream gas pipeline to Europe, Russian news agencies reported yesterday, marking another Russian attempt to undermine the European Union's rival Nabucco project.

China oil flow up on new Kazakh pipe
Wednesday, 01 July, 2009, 10:55 GMT

China secured access to vast oil deposits in western Kazakhstan today after the energy-rich Central Asian nation said it had completed the expansion of a major oil pipeline to its eastern neighbour.

 
Poland eyes deal to boost Russia gas
Wednesday, 01 July, 2009, 08:53 GMT

Poland hopes to sign an agreement with Russia's Gazprom by the end of August to increase gas supplies by 2 billion to 3 billion cubic metres from 2010, a PGNiG official said today.

Gazprom stirs racism talk with new gig
Wednesday, 01 July, 2009, 12:47 GMT

Russian energy giant Gazprom has inadvertently walked into an online racism debate with the announcement of its new joint venture in Nigeria - Nigaz.

 
Gazprom plans $1.5bn Eurobond
Wednesday, 01 July, 2009, 09:00 GMT

Russia's Gazprom plans to issue a$1.5 billion of Eurobonds and will use part of the proceeds to finance the acquisition by its oil arm, Gazprom Neft, of Sibir Energy, according to reports.

Zhaikmunai on hunt for cash
Wednesday, 01 July, 2009, 08:35 GMT

Kazakh oil producer Zhaikmunai said today it was in talks with lenders about possible waivers on its debt covenants after "various events of default" led to a $100 million credit line being cut off.

 
Consensus eludes gas producers
Tuesday, 30 June, 2009, 22:16 GMT

The club of major gas producers fretted over sagging demand and prices at talks today, but the loose grouping is far from having the power and collective will to do anything to tighten the market.

Gazprom expects Ukraine winter gas row
Tuesday, 30 June, 2009, 13:44 GMT

Europe may face further disruptions to its gas supply next winter if Ukraine cannot pay its gas debts to Russia, the head of Gazprom International said today.

 
GDF Suez snaps up Azerbaijan stake
Tuesday, 30 June, 2009, 08:00 GMT

French energy giant GDF Suez said today that it had acquired a 20% stake in energy exploration and production in Azerbaijan as part of its strategy to expand its existing and probable oil reserves.

Gazprom corrals 74% of Sibir
Monday, 29 June, 2009, 19:40 GMT

Russian state-run Gazprom Neft now holds a little more than 74% of London-listed Sibir Energy, according to a Sibir release.

 
Russia seals Azeri gas deal
Monday, 29 June, 2009, 13:51 GMT

Russian gas giant Gazprom signed a gas supply deal with Azerbaijan today, though the terms of the agreement remain unclear, according to reports.

Tanaka voices Russia gas fears
Monday, 29 June, 2009, 09:26 GMT

Europe's gas supplies are under near constant threat of disruption despite a new contract between Russian gas exporter Gazprom and Ukraine's Naftogaz, International Energy Agency (IEA) boss Nobuo Tanaka said today.

 
Putin offers surprise deal to Shell
Monday, 29 June, 2009, 01:43 GMT

Russian Prime Minister Vladimir Putin moved again to ease his government's clasp over the energy sector at the week-end, capping off a week of foreign energy deals with a surprise offer for Anglo-Dutch supermajor Shell.

Putin orders banks to lend more
Monday, 29 June, 2009, 12:49 GMT

Russian Prime Minister Vladimir Putin today told state banks to boost the economy with up to $16 billion of fresh loans, as the country's second biggest lender complained of a three-fold rise in bad debts.

 
'Turkey ready to sign up to Nabucco'
Friday, 26 June, 2009, 09:30 GMT

Turkish and European Union officials said today they were optimistic agreement could be reached soon on bringing Turkey into the planned Nabucco gas pipeline project.

Belarus maps out gas payment plan
Friday, 26 June, 2009, 09:06 GMT

Belarus is to start paying arrears for Russian gas shipments next month and complete the process by the end of the year, First Deputy Prime Minister Vladimir Semashko said today.

 
Sakhalin-2 train out for extra month
Friday, 26 June, 2009, 10:49 GMT

Russia's Sakhalin-2 consortium has extended maintenance at one of its two liquefied natural gas trains by one month, a spokesman for the group involving Gazprom and Shell said today.

Putin makes a date with Shell boss
Friday, 26 June, 2009, 12:25 GMT

Russia's Prime Minister Vladimir Putin will meet Shell chief executive Jeroen van der Veer tomorrow to discuss possibilities for the company's expansion in Russia, Putin's spokesman said today.

 
Turkmenistan in new gas find
Friday, 26 June, 2009, 09:01 GMT

Turkmenistan, Central Asia's largest gas producer, said today it discovered new gas reserves at an old field by deep drilling.

Gazprom lines up Azeri gas deals
Friday, 26 June, 2009, 08:53 GMT
Gazprom exec hits out at Nabucco
Thursday, 25 June, 2009, 09:35 GMT
Trutnev acts on Kovykta sale delay
Thursday, 25 June, 2009, 11:30 GMT
Petronas lines up Turkmen schedule
Thursday, 25 June, 2009, 09:26 GMT
Russia and Nigeria in $2.5bn deal
Wednesday, 24 June, 2009, 20:11 GMT
Kiev 'will pay gas bill on time'
Wednesday, 24 June, 2009, 13:26 GMT
Gazprom sees dip in Europe exports
Wednesday, 24 June, 2009, 07:43 GMT
Putin nod for Total-Novatek plan
Wednesday, 24 June, 2009, 13:00 GMT
Saipem scoops up $600m rig deals
Wednesday, 24 June, 2009, 09:23 GMT
EU bids to broker $4bn gas loan for Kiev
Tuesday, 23 June, 2009, 13:09 GMT
Russia and Nigeria close to gas deal
Tuesday, 23 June, 2009, 19:34 GMT
Putin set to meet gas duo
Tuesday, 23 June, 2009, 14:22 GMT
Surgut hits 171% reserves replacement
Tuesday, 23 June, 2009, 08:30 GMT
Gazprom set to close book on bonds
Monday, 22 June, 2009, 06:15 GMT
Ukraine sitting on 3.1 Bcm gas stash
Friday, 19 June, 2009, 10:58 GMT
Sechin quashes Surgut-Rosneft talk
Friday, 19 June, 2009, 14:13 GMT
Nord Stream upbeat despite latest hiccup
Thursday, 18 June, 2009, 12:08 GMT
Rosneft plans $579m costs cut
Friday, 19 June, 2009, 09:00 GMT
EU weighs up new gas row threat
Thursday, 18 June, 2009, 12:50 GMT
Gazprom Neft sets sights on Sibir helm
Thursday, 18 June, 2009, 07:24 GMT
Kidnappers free Rosneft exec's son
Thursday, 18 June, 2009, 07:40 GMT
Dragon signs on Astra for Cheleken
Thursday, 18 June, 2009, 06:30 GMT
Gazprom Neft on $1bn cash hunt
Monday, 22 June, 2009, 07:18 GMT
Cadogan may be forced to restate results
Thursday, 18 June, 2009, 08:30 GMT
Price row freezes Russia-China pipe
Wednesday, 17 June, 2009, 08:26 GMT
Nord Stream faces more questions
Wednesday, 17 June, 2009, 20:51 GMT
Gazprom spins bit off Vietnam
Wednesday, 17 June, 2009, 17:55 GMT
Russia tells Belarus to pay up
Wednesday, 17 June, 2009, 14:58 GMT
BG eyes Karachaganak date
Wednesday, 17 June, 2009, 09:29 GMT
Lukoil keeps faith with Baghdad
Wednesday, 17 June, 2009, 12:22 GMT
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