Bulgaria and the European Commission have agreed to establish a joint working group to support the development of a gas hub in Bulgaria designed to serve the whole Balkan region. Gas infrastructure in southeast Europe is poorly ...
Ukraine will not import Russian natural gas through the end of the year due to weaker domestic demand and sufficient gas reserves, Energy and Coal Industry Minister Volodymyr Demchyshyn said Monday. Ukraine, which resumed Russian gas ...
Tags: Ukraine, Natural Gas, high gas prices
Ukraine has wired an additional $24 million in prepayment to Russia's Gazprom for five days of gas supplies, Gazprom's CEO Alexei Miller said Thursday, indicating a significant cut in Kiev's Russian gas imports from last week, along with ...
Russia-based steel pipe producer ChTPZ Group has announced that it has launched a new storage facility for raw materials and finished goods from its ceramic flux production department. The new site means ChTPZ will be able to increase its ...
Tags: storage facility, raw materials, flux production, Metallurgy
Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...
Tags: Oil Futures, Crude futures
Russian gas exports to Europe via Ukraine are continuing as per normal at about 185 million cubic meters/d, despite an explosion Tuesday afternoon at a Ukrainian gas pipeline, Gazprom deputy chairman Vitaly Markelov said Wednesday. "Gas ...
Tags: Gas Exports, gas pipeline
Spot gas prices on the Dutch and German trading hubs extended Wednesday's gains Thursday morning, in line with the UK NBP where the day-ahead also moved higher from its previous close. At midday London time, the day-ahead contract on the ...
Tags: gas, gas export
Ukrainian gas company Naftogaz and Russian gas company Gazprom are considering an EU proposal where Naftogaz pays Gazprom $2 billion by Friday in exchange for talks on a new gas price and no prepayment in June, the European Commission said ...
Tags: EU energy, Russian Gas
The recently announced 400 billion-dollar gas deal between Russia and China will not affect gas deliveries to the EU, the International Energy Agency (IEA) said Thursday. "The gas that has been determined for export to China would have ...
Tags: EU Supplies, Gas
Russian gas giant Gazprom has reached a preliminary agreement with China on a $25 billion prepayment for Russian natural gas delivered under the 30-year supply deal signed this week, deputy CEO Alexander Medvedev said Friday. "An advance ...
German chemical giant BASF plans to intensify its deep cooperation with Russia's Gazprom in Europe and internationally, the company's chief executive Kurt Bock said Friday. "Russia is important, very important for us," Bock said at BASF's ...
Ukraine's natural gas output in March fell 5.6% year-on-year to 1.68 billion cubic meters, from 1.78 Bcm in March 2013, an energy and coal industry ministry official said Wednesday, citing preliminary figures. Production fell after the ...
Tags: natural gas, gas production
Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field -- the country's only Arctic offshore hydrocarbon project -- to the international market, the company said Friday. "ARCO, or Arctic ...
Tags: Gazprom, crude, Arctic Oil
Natural gas demand in Italy in March fell by almost 24% year on year to 6.026 billion cubic meters, gas and power exchange manager GME said Tuesday. GME said power plant demand fell by 33% to 1.276 Bcm, one of the "strongest decreases ...
Tags: Natural gas, Gas Demand, Heating demand
The global LNG market will remain tight through the end of the decade as growing demand in Asia, South America and Europe outpaces supply constrained by high costs and underdeveloped infrastructure, according to a study released Thursday by ...
Tags: LNG Market, LNG demand