Russian gas and oil

Seul asks Gazprom to build gas pipeline

Russia's Gazprom has resumed talks with the South Korean authorities on the construction of a gas pipeline through the territory of North Korea, Deputy CEO Vitaly Markelov said. "To date, the political …

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Sweden authorizes construction of Nord Stream 2

The Swedish government has given permission for the construction of the Nord Stream 2 gas pipeline in the Swedish economic zone in the Baltic Sea, Swedish Minister of Entrepreneurship and Innovation Mikael Damberg said at a press …

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Gazprom to loan 2.14 bln euro to Turkish Stream operator

Russian gas company Gazprom said it would loan up to 2.14 billion euros to its subsidiary South Stream Transport B.V. which is overseeing the construction of the Turkish Stream undersea gas pipeline to Turkey from Russia. The loan will …

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Gazprom's income tops all forecasts

Russia's gas giant Gazprom said its first-quarter net income rose 11% to 371.6 billion rubles ($6 billion), thanks to higher gas prices and sales volumes, beating analysts' expectations. Analysts polled by Reuters had on average …

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Turkish Stream may come to Italy

The Turkish Stream gas pipeline from Bulgaria needs to be extended to Italy, the Italian MP from the Lega Nord party, Paolo Grimoldi said. "What do we need to do now? Russia is working on the implementation of the Turkish Stream, …

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Turkey, Russia agree on 10 pct discount on natural gas

President Recep Tayyip Erdoğan on Saturday said Ankara and Moscow reached an agreement to reduce the price of the natural gas imported from Russia by 10.25 percent after long negotiations, Daily Sabah reports. Speaking at a rally of the …

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Poroshenko and Merkel discuss Nord Stream 2

German Chancellor Angela Merkel and Ukrainian President Petro Poroshenko spoke by telephone about Merkel’s visit to Russia last week, efforts to implement the Minsk agreement, gas transit through Ukraine, …

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Comeback of South Stream?

Bulgarian President Rumen Radev expressed hope for direct gas supplies from Russia to this country via the Black Sea. Speaking at the meeting with Russian Prime Minister Dmitry Medvedev, he called …

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US warns sanctions on Nord Stream 2 possible

The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline, saying the project raises security concerns and that it could draw U.S. sanctions, U.S. Deputy Assistant Secretary of State for Energy …

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Will Russia to build Nord Stream 3?

Gazprom does not exclude the possibility of building the Nord Stream 3, Deputy CEO of the gas holding Alexander Medvedev said. "If Europe states its needs and is ready to sign required contracts, then I do not …

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Russia freezes gas production

Russia does not plan to increase gas production in 2018, freezing it at the level of 2017, Russian Minister of Energy Alexander Novak said, adding that everything will depend on the weather conditions. "As for …

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Finland approves Nord Stream 2 laying

The Government of Finland issued a conditional permit to use its exclusive economic zone for construction of the Nord Stream 2 gas pipeline, the government’s office said. "The decision [was made] in respect of using the …

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