Latest Energy in Russia Stories

2009-05-29 16:50:13

A blast along an oil pipeline to Russia has forced Turkmenistan to halt gas production at 195 wells, an expert said Friday. RIA Novosti reported that problems with Turkmen gas deliveries began in April, after the accidental blast caused Turkmengaz, the country's state-run gas company, to suspend supplies to Russia. Odek Odekov, director of the geological institute at the state oil and gas exploration corporation Turkmengeologiya, said that repairs had already been carried made to the...

2009-05-22 08:05:00

Russian President Dmitry Medvedev proposed that the European Union help with a loan to Ukraine to secure natural gas supplies. Ukraine has asked Russia for a $5 billion loan, RIA Novosti reported Friday. But Russia should not be the only one tackling the problem, Medvedev said at a Russian-EU summit in Khabarovsk, Russia." Russia has not approved the loan and has doubts in relation to Ukraine's ability to make payments, Medvedev said. Natural gas supplies to Europe have been disrupted on...

2009-05-18 09:26:19

Russian natural gas giant Gazprom and Italian gas company Eni agreed to double the capacity of the proposed South Stream natural gas pipeline. Gazprom Chief Executive Officer Alexei Miller and Eni CEO Paulo Scaroni signed an agreement to raise the capacity to 63 billion cubic meters a year. The Moscow Times reported Monday. Prime Ministers Vladimir Putin and Silvio Berlusconi were in attendance, the Times said. The pipeline crossing the Black Sea to Bulgaria is likely to include branches to...

2009-04-21 08:18:09

The Russian energy giant Gazprom said it will sign agreements with Bulgaria, Serbia and Greece on its South Stream gas pipeline to Europe. Alexander Medvedev, the deputy director of Gazprom, told the Bulgarian Vesti TV channel Tuesday that all technical and economic assessments of the $13 billion South Stream project are to be completed this year when agreements with the three Balkan countries should be signed. Medvedev said Gazprom will urge the European Union to place the South Stream...

2009-04-10 07:41:45

Prime ministers from Ukraine and Russia discussed resumption of talks concerning natural gas delivery, an issue affected much of Europe in January. Vladimir Putin and his Ukrainian counterpart Yulia Tymoshenko discussed the issue along with trade and economic cooperation and the results of a meeting between the countries' energy ministers, Dmitry Peskov, a spokesman for Putin's office said, RIA Novosti reported Friday. This winter, Russia claimed Ukraine was behind on its gas bill and...

2009-03-24 09:35:00

Russian Prime Minister Vladimir Putin criticized the European Union and Ukraine Tuesday for taking a unilateral step toward coordinating energy supplies. A new pact signed by the European Commission, international banks and the Ukraine government outlines $3.4 billion in European investments in Ukraine's natural gas pipeline system, the EU Observer reported Tuesday. In exchange for the investment, Ukraine agreed to have its gas company, Naftogaz, comply with EU energy market laws, the...

2009-03-10 16:11:33

Russian Prime Minister Vladimir Putin said state energy giant Gazprom and the Hungarian Development Bank would sign a natural pipeline deal. The deal was ready for signing, Putin said Tuesday. The project involves construction of a Hungarian section for the South Stream pipeline, designed to carry 31 billion cubic meters of natural gas per year to the Balkans and from there to other European countries. Hungary, Bulgaria, Serbia, Italy and Greece are involved in the deal, RIA Novosti...

2009-02-17 09:39:25

Russia and China have signed long-term energy agreements, including oil supply and delivery contracts, Russian Deputy Prime Minister Igor Sechin said Tuesday. Sechin said Russia will ship 110 million barrels of crude oil annually to China for 20 years, RIA Novosti reported. The documents signed also include agreements on the East Siberian-Pacific Ocean oil pipeline currently under construction. Russia was seeking $25 billion in loans to help finance pipeline construction, RIA Novosti said.

2009-01-21 14:58:32

A Nord Stream gas pipeline running from Russia to Germany will diversify supply lines to Europe, a need underscored by a recent supply disruption, Russia said. The need to diversify routes of supplying gas from my country to EU member states has been underlined by this crisis, Russian ambassador Vladimir Chizhov told the EU Observer, referring to recent disruptions caused by a dispute between Russia and Ukraine. The new natural gas pipeline would be completed by 2011, the newspaper reported...

2009-01-20 09:38:03

Ukraine's energy company Naftogaz said Tuesday that Russia had resumed natural gas deliveries to Europe after contract and billing disputes had halted service. At least 18 countries were affected when Russia halted delivery of natural gas through a pipeline that runs through Ukraine, claiming Ukraine owed more than $600 million on its gas bill and would not negotiate on the 2009 contract. After slowing supplies the equivalent of Ukraine's daily purchases Jan. 1, Gazprom, Russia's state-run...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.