Article | May 22, 2012 - 1:24pm
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region.
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region. LUKoil President Vagit Alekperov and Kazakhstan's national company KazMunayGas CEO Lyazzat Kiinov signed a Memorandum of Understanding which sets the basis for co-operation of Russian companies in studying of geological-geophysical data of free unlicensed onshore and offshore sites in Kazakhstan.
Article | May 20, 2012 - 9:09pm
After completing a mission to Belarus, the International Monetary Fund (IMF) called on Minsk to commit to a “consistent strategy based on stabilisation and reform” to secure financial aid.
After completing a mission to Belarus, the International Monetary Fund (IMF) called on Minsk to commit to a “consistent strategy based on stabilisation and reform” to secure financial aid. “Programme negotiations would require agreement among all policy makers -- including at the highest level -- to adopt a comprehensive package to restore stability and to embark on the path of deep structural reform,” the IMF reported released on 17 May read.
Article | May 17, 2012 - 8:24pm
Russian Prime Minister Dmitry Medvedev on May 17,during a legal forum ahead of his participation to the G8 summit at Camp David, warned Western powers ,stating that a military intervention in the affairs of sovereign states could lead to war, even nuclear war.
Russian Prime Minister clearly referred to his country's position, contrary to the Western powers,on issues such as Syria and elsewhere in the Middle East.
Article | May 16, 2012 - 1:35pm
On 15 May, Russian Prime Minister Dmitry Medvedev submitted the list of cabinet appointments to President Vladimir Putin with the latter expected to start consultations with the appointees on 16 May.
On 15 May, Russian Prime Minister Dmitry Medvedev submitted the list of cabinet appointments to President Vladimir Putin with the latter expected to start consultations with the appointees on 16 May. The final government line-up is expected to be published early next week, after Medvedev returns from the G8 summit in Washington. The Russian premier will replace the president at the G8 as Putin has explained that he is under urgent pressure to form a new cabinet and therefore cannot attend the summit.
Article | May 15, 2012 - 10:55pm
Russian gas monopoly Gazprom's exports to Europe fell 12% in the first four months of 2012.
Russian gas monopoly Gazprom's exports to Europe fell 12% in the first four months of 2012. Sales from January to April dropped from 58bn cubic metres last year to 51bn cubic metres this year.
Europe, which relies on Russia for about 25% of its gas, bought less fuel because of warmer-than-usual weather at the start of the year. Moreover, an expected rise in prices at the beginning of last year caused Gazprom customers to stock up ahead of the increase and then switch to other suppliers.
Article | May 14, 2012 - 5:11pm
On 14 May, Germany RWE Supply & Trading (RWEST) confirmed it has signed a gas sale and purchase agreement with Ukrainian national joint stock company Naftogaz.
On 14 May, Germany RWE Supply & Trading (RWEST) confirmed it has signed a gas sale and purchase agreement with Ukrainian national joint stock company Naftogaz, the former Soviet republic’ largest energy producer. “I can confirm that we have met the framework agreement. The gas will be sourced from RWEST's pan-European gas portfolio,” RWEST's Sabine Jeschke told New Europe without commenting on any other details like gas volumes “because this will depend on individual contracts”.
Blog entry | May 13, 2012 - 11:18pm
In a report adopted on 8 May by the Energy Committee, European Parliament Members said coordination at EU level and diversification of suppliers including "new non-Russian sources of oil, gas and electricity" for dependent Member States should be the key elements of EU's external energy policy.
Article | May 11, 2012 - 5:35pm
The Russian-backed South Stream gas pipeline has never been a European priority, a European Commission spokeswoman told New Europe on 10 May. “Why? Because it diversifies routes but not supply as it is supposed to bring Russian gas to the EU,” she explained.
The Russian-backed South Stream gas pipeline has never been a European priority, a European Commission spokeswoman told New Europe on 10 May. “Why? Because it diversifies routes but not supply as it is supposed to bring Russian gas to the EU,” she explained.
Article | May 8, 2012 - 4:49pm
On 8 May, Russia's new President Vladimir Putin comfortably won approval for his predecessor Dmitry Medvedev to become prime minister. Medvedev's candidacy came to vote at the State Duma - Russia's lower house of parliament.
On 8 May, Russia's new President Vladimir Putin comfortably won approval for his predecessor Dmitry Medvedev to become prime minister. Medvedev's candidacy came to vote at the State Duma - Russia's lower house of parliament.
Blog entry | May 6, 2012 - 11:02pm
On the eve of Vladimir Putin’s inauguration, it appears that the new president will continue to try to draw foreign investment into Russian oil and gas assets. Putin is also likely to find some compromises in EU-Russia energy relations but hold firm on principle positions like his opposition to the so-called Third Energy Package.
Article | May 2, 2012 - 9:47am
On 30 April, RWE said it still supports the Nabucco gas pipeline, but the project must meet the German energy giant’s economic requirements in terms of profitability and volumes for the Czech gas transmission system.
Article | April 29, 2012 - 8:57pm
Recent reports that Yulia Tymoshenko was assaulted by guards have angered the European Union. Ukraine’s former prime minister and opposition leader has a lot of friends in Brussels and Strasbourg who are increasing pressure on the Ukrainian authorities and President Viktor Yanukovych to end their alleged mistreatment of Tymoshenko and other former government politicians.
Article | April 29, 2012 - 8:28pm
Addressing the State Council in the Kremlin in Moscow, Russian President Dmitry Medvedev pledged on 24 April to pursue his modernisation agenda and implement political reforms enacted after massive street protests.
Addressing the State Council in the Kremlin in Moscow, Russian President Dmitry Medvedev pledged on 24 April to pursue his modernisation agenda and implement political reforms enacted after massive street protests. Medvedev is poised to swap jobs with Prime Minister Vladimir Putin, who returns to presidency next month after winning a 4 March election.
Article | April 29, 2012 - 8:25pm
On 24 April, Russian Prime Minister and president-elect Vladimir Putin, who will be inaugurated on 7 May, said he is stepping down as chairman of the ruling United Russia party. Putin proposed outgoing President Dmitry Medvedev as its new leader instead.
Article | April 29, 2012 - 10:01pm
Hungary’s MOL said earlier last week it considered further financing of Nabucco unsustainable and had therefore not approved its 2012 budget. Hungary’s Prime Minister Viktor Orban added that Nabucco was “in trouble”. Instead, Budapest threw its weight behind the Russian-backed rival South Stream pipeline.
Article | April 18, 2012 - 3:38pm
Russian President Dmitry Medvedev stated that Russia would never censor the internet.
Russian President Dmitry Medvedev said, in his latest video blog entry, that Russia would never censor the internet. On the other hand, he urged law enforcers to find and punish those who distribute defamation or hate materials and child pornography.
Article | April 15, 2012 - 7:55pm
On 11 April, the Hellenic Republic Asset Development Fund (HRADF) said that Russian gas monopoly Gazprom is among 14 firms that have expressed initial interest to buy Greece's state gas firm DEPA. Gazprom already provides most of the natural gas DEPA uses.
On 11 April, the Hellenic Republic Asset Development Fund (HRADF) said that Russian gas monopoly Gazprom is among 14 firms that have expressed initial interest to buy Greece's state gas firm DEPA. Gazprom already provides most of the natural gas DEPA uses. Gazprom exported 2.9 billion cubic meters of natural gas to Greece in 2011.
Article | April 15, 2012 - 8:01pm
Latvia will work fast in implementing the European Union rules in liberalising its gas market, the Latvian economy ministry confirmed last week.
Article | April 15, 2012 - 7:20pm
On 10 April, Russia’s outgoing President Dmitry Medvedev said his country should carry out in full its plan to sell stakes in state-owned companies.
On 10 April, Russia’s outgoing President Dmitry Medvedev said his country should carry out in full its plan to sell stakes in state-owned companies. "The government should gather its courage and fully carry out its privatisation plan," Medvedev told a meeting of government experts. "If the government doesn't do that, it means that there will be no privatisation."
Article | April 15, 2012 - 7:54pm
Russia top non-state gas producer Novatek is interested in bidding for licences to explore Cypriot offshore gas deposits, Reuters reported.
Russia top non-state gas producer Novatek is interested in bidding for licences to explore Cypriot offshore gas deposits, Reuters reported. Cyprus reported its first natural gas find in December, when US based Noble Energy said it had discovered an estimated five trillion to eight trillion cubic feet in a block south of the island. The block lies close to where neighbouring Israel has reported significant discoveries in the past two years.
Article | April 12, 2012 - 10:44am
Gazprom's deputy CEO Alexander Medvedev said the company is considering liquefying all of its gas production from the first phase of the Shtokman project, and that Russia’s major gas producer may alos scrap plans to pipe Arctic gas from the Barents Sea deposit.
Gazprom's deputy CEO Alexander Medvedev said the company may be considering liquefying all of its gas production from the first phase of the Shtokman project. He also said Russia’s major gas producer may scrap plans to pipe Arctic gas from the Barents Sea deposit, which might fuel concerns in Europe about the reliability of Russia as a major long-term gas supplier, amid increasing demand for gas in Asian markets.
Blog entry | April 8, 2012 - 9:48pm
Article | April 5, 2012 - 3:27pm
Bulgaria has scrapped two of its three Russian-backed energy projects. Usually saying ‘no’ to Vladimir Putin carries a heavy price.
Bulgaria has scrapped two of its three Russian-backed energy projects. Plans to build the 2,000MW Belene nuclear power plant on the Danube River were cancelled last week, and the Burgas-Alexandroupolis oil pipeline was dropped in December. Usually saying ‘no’ to Russian President-elect Vladimir Putin carries a heavy price.
Blog entry | April 1, 2012 - 8:37pm
VOULIAGMENI, Greece - The Interconnector Greece-Bulgaria (IGB) can provide gas to the whole region through other interconnectors, Bulgarian Energy Holding (BEH) Executive Director Jordan Georgiev told New Europe on 28 March. He said the project aims to be ready to transport gas in 2014. “It can actually be for the whole region. It’s not absolutely linked to Bulgaria,” Georgiev said on the sidelines of an energy conference at a resort near Athens. Bulgaria is 90% dependent on Russian gas.
Article | March 26, 2012 - 11:22pm
Before traveling to Seoul, Russian President Dmitry Medvedev warned Syria that Annan's mission represented the last chance for avoiding a civil war in the country.
Before traveling to Seoul, Russian President Dmitry Medvedev warned Syria that Annan's mission represented the last chance for avoiding a civil war in the country.
"This may be the last chance for Syria to avoid a protracted and bloody civil war," Medvedev told Annan at a meeting in Moscow.
"We will be offering you our full support at any level at which we have a say," said Medvedev
