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Latest Energy in Russia Stories

2009-01-19 09:42:57

Natural gas deliveries to Europe remained stalled Monday while Russian and Ukrainian officials prepared to sign a contract ending their pricing dispute. Russia Prime Minister Vladimir Putin and his Ukrainian counterpart, Yulia Tymoshenko, were to attend a signing ceremony Monday, following intense negotiations in Moscow that lasted until Sunday, RIA Novosti reported. The two leaders spoke on the phone Monday, ITAR-TASS reported. The two sides are expected to sign a direct long-term contract...

2009-01-15 12:55:26

Russian and Ukrainian officials have agreed to meet in Moscow as efforts among European leaders to resolve a natural gas delivery crisis have failed. At least 18 countries have reported natural gas supply disruptions since Russia slowed, then halted deliveries through a trans-Ukrainian pipeline that supplies much of Europe. Shuttle diplomacy efforts have, so far, failed to restore the flow of gas, Euronews.net reported Thursday. Bulgarian and Slovakian leaders flew to Moscow and Kiev,...

2009-01-14 06:53:48

Russia and Ukraine Wednesday bickered over gas deliveries to Europe, in spite of international efforts to broker an accord. More than a week into the dispute, with international monitors in place to observe gas flows, Russia's state-run energy concern Gazprom accused Ukraine's Naftogaz of blocking deliveries intended for Europe, Deutsche Welle reported Wednesday. Ukraine, in return, said Gazprom had deliberately engineered the delivery to make it impossible for Naftogaz to handle. The prime...

2009-01-13 12:35:40

International monitors said natural gas flows from Russia to Europe were insubstantial after Russia declared it had restarted the supply through Ukraine. Monitors said little or no gas was flowing through the pipeline that supplies 80 percent of Russia's natural gas shipments to Europe, The Times of London reported. With monitors in place and agreements signed, the bickering between Russian and Ukraine continued, The Times said. A Naftogaz spokesman said the Ukrainian energy company was...

2009-01-13 08:23:00

HOUSTON, Jan. 13 /PRNewswire-FirstCall/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) announced today that it has received two awards totaling over $200 million. The awards, which were booked in December 2008, include an order from Rolls Royce Power Engineering plc to supply DATUM compressors for Gazprom's Portovaya Station for approximately $108 million and an award from Petrobras Netherlands B.V. to supply power generation packages and services for the P-55...

2009-01-13 06:56:18

Russia's energy giant Gazprom said it began shipping natural gas to Europe Tuesday using a trans-Ukraine pipeline shut down mid-winter by a gas bill dispute. Russia began by shipping 76 million cubic meters of gas, far less than the average daily volume of 300 million cubic meters, The New York Times reported. Russia had shut down deliveries, claiming Ukraine was stealing gas from the pipeline. Previously, Gazprom had reduced deliveries, claiming Ukraine owes $614 million in late fees and...

2009-01-12 16:41:00

Russia has agreed to restore natural gas flows to Europe with international monitors in place to ensure supplies get through, the European Commission said. European Commission President Jose Manuel Barroso said Russia had agreed to begin pumping gas Tuesday morning, The New York Times reported Monday. Millions in Europe have dealt with a cold snap while Russian and Ukraine argued over Ukraine's gas bill and its 2009 contract with Russian energy giant Gazprom. Russia had cut off supplies,...

2009-01-08 23:45:26

The European Union says Russia has approved a plan that could result in a resumption of natural gas delivery to Europe, but Moscow has not confirmed the report. Russian Prime Minister Vladimir Putin said Thursday Russia would resume gas shipments only if international observers can monitor the process to ensure Ukraine does not steal fuel, The Washington Post reported. Ukraine rejected the Russian proposal, and Russia rejected a European proposal, but EU officials released a statement late...

2009-01-08 07:50:15

The heads of Ukraine and Russia's energy companies arrived in Brussels to negotiate an end to a natural gas lock down that has left much of Europe cold. European Commission President Jose Manuel Barroso said Russian Prime Minister Vladimir Putin and Ukraine President Yuliya Tymoshenko had agreed in principle to allow independent parties to monitor the pipeline shut down over a dispute over Ukraine's gas bill. Russia and Ukraine have blamed each other for halting gas flows through the pipeline...

2009-01-07 07:18:21

Russia said the natural gas supply that runs through Ukraine to Western Europe was completely shut down while a dispute over a gas bill continues. Russia's gas giant Gazprom contends that Ukraine owes more than $600 million on its bill mostly for late fees and that Ukraine's energy company Naftogaz had been siphoning gas intended for Europe out of the pipeline. Russia and Ukraine blamed each other for the shut down, CNN reported Wednesday. Naftogaz said Russia cut off the supply line. But,...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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