Tag Archives: Europe

Energy companies including BP. Total. Statoil and Eni are present in Russia.

On March 2. Gazprom announced its intention to initiate in the Stockholm Arbitration termination of all existing contracts with Naftogaz.

Russia’s gas giant Gazprom has started a procedure to terminate contracts with Ukrainian energy firm Naftogaz.

Glencore-QIA consortium bought a 19.5-percent stake in Rosneft in December 2016 for 692 billion rubles.

Gazprom Neft currently produces 150 tonnes per day from the formation.

The gas giants are currently involved in a long-standing litigation over the terms of the current delivery contract.

The Russian leader stressed that such projects as the Nord Stream-2 and the Turkish Stream ".certainly diversify supplies"..

There is no legal deadline for the commission to complete antitrust inquiries into alleged anticompetitive conduct.

The ruling applies to areas where air pollution exceeds legal limits.

On the demand side. Birol said the IEA expected growth of around 1.4 million bpd in 2018.