In June 2014. Gazprom switched Ukraine to a prepayment scheme citing its massive gas debt.
Read More »Russian Security Council Recommends Fostering Liberalization of Gas Export
Gazprom is the only company that currently has the right to export pipeline gas from Russia.
Read More »Austria`s OMV to Make Conclusions on New US Sanctions Against Russia
The new US sanctions are supposed to limit the financing period for sanctioned Russian banks to 14 days. and for sanctioned oil and gas sector companies to 60 days.
Read More »Mitsui & Co. Novatek and Sumitomo Join SEA LNG
Novatek is one of Russia’s largest independent producers of natural gas.
Read More »Russia Eager to Help Develop Iran`s Oilfields
With 137.6 billion barrels of proven reserves. Iran has the world’s fourth largest crude deposits.
Read More »Nord Stream 2 Pipeline Would Encourage Russia. Put European Stability at Risk
Some in Europe have attempted to delay the pipeline in fear of geopolitical turmoil.
Read More »NIOC Signs MoUs for Developing Azadegan Field
The Azar field is a joint and complex field which is currently producing 30.000 barrels of oil per day. It is set to be expanded through new oil deals by an Iranian company.
Read More »Gazprom Neft Signs MOU with Iran`s OIEC
The document was signed by First Deputy CEO. Gazprom Neft. Vadim Yakovlev and OIEC CEO Behzad Mohammadi.
Read More »Europe `Stands Ready to Act` if US Sanctions on Russia Affect Its Oil and Gas Supplies
The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.
Read More »EU Council to Discuss Nord Stream 2 Project in September
The European Commission requested the mandate to hold talks with Russia on Nord Stream 2 gas pipeline from the European Union member-states on June 9.
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