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Latest Energy in Russia Stories

2009-01-05 11:27:47

A European Union delegation headed to Ukraine after nine countries reported natural gas supply problems due to Ukraine's dispute with Gazprom over a bill. Nine countries, including Turkey, Poland, Hungary, Romania and Bulgaria, have reported pressure drops in natural gas pipelines between 5 percent and 30 percent. Greece reported drops of up to 33 percent after Gazprom said it would cut Ukraine's deliveries New Year's Day, The Times of London reported Monday. The pipeline supplies Ukraine and...

2009-01-03 08:39:31

Ukraine's state gas company Naftogaz said Saturday it was not stealing from Russia's Gazprom, despite the latter company's claims. Russia cut off gas supplies to Ukraine Thursday after negotiations over Kiev's outstanding $2 billion natural gas bill and a new contract failed late on New Year's Eve. After some European Union states reported reductions in their gas supplies via Ukraine, Gazprom claimed Naftogaz was stealing gas, RIA Novosti reported Saturday. But the Ukraine company denied...

2009-01-02 09:35:46

Russia's energy giant Gazprom said it would receive the bulk of Ukraine's natural gas bill payment by Jan. 11, but critical issues remain outstanding. Gazprom cut off Ukraine's supplies New Year's Day. Gazprom spokesman Sergei Kupriyanov said Ukraine's payment of $1.5 billion would arrive Jan. 11 considering the holidays, RIA Novosti reported. But Ukraine still owed $614 million in late fees and its negotiating team for the 2009 contract has not expressed its readiness to fly to Moscow,...

2009-01-01 07:06:29

Russian energy giant Gazprom cut off Ukraine's natural gas supply Thursday when talks about a 2009 energy contract failed, the company said. In a statement, Gazprom said, Gas deliveries in the Ukraine direction were reduced by 90 million cubic meters per day, the equivalent of a day's supply of gas for the country, The New York Times reported. Russian Prime Minister Vladimir Putin warned Ukraine of serious consequences, if the country siphoned off any of the remaining supply in the pipeline...

2008-12-30 13:35:39

A billing dispute between Russia's natural gas giant Gazprom and the Ukraine government could turn into a winter delivery problem for Europe, the company said. Gazprom is doing everything possible to avoid any disruption of gas deliveries to Europe, Gazprom deputy chairman Alexei Miller wrote in a letter to European clients recently, the EU Observer reported Tuesday. However, if events develop along an unfavorable scenario, the problem of Ukrainian transit will be a common problem for Russia...

2008-11-26 05:23:33

South Korea may opt for an undersea pipeline to receive Russian natural gas if North Korea refuses an overland route, says the state-run gas company's head. The plan to build an underwater pipeline came up during talks with Gazprom President Alexei Miller and experts at Russia's Pacific Ocean Institute in Vladivostok last week, Choo Kang-soo, head of Korea Gas Corp., said Wednesday to the Yonhap news agency. In September, Korea Gas announced it will import 7.5 million tons of gas annually...

2008-11-22 16:06:45

Russia's energy giant Gazprom announced Saturday it will not continue to make gas deliveries to Ukraine in the absence of a new contract. Gazprom spokesman Sergei Kupriyanov said he would like to avoid cutting off gas supplies to Ukraine, RIA Novosti reported. There is still time to reach an agreement, he said. As soon as the debts are paid, we are ready to sign direct contracts. On Friday, Gazprom announced Ukraine had $2.4 billion in outstanding debt for gas supplies. Responding,...

2008-11-14 12:00:19

Vladimir Putin recently threatened to pull the plug on Nord Stream, the sub-sea pipeline that will transport gas from Russia to Germany via the Baltic Sea. However, this is nothing more than brinkmanship from Moscow's strongman, as Russia covets the political power that such a project will bring. Equally, the EU needs Nord Stream, particularly after the August invasion of Georgia. At a meeting in Moscow with Finnish Prime Minister Matti Vanhanen on Wednesday, Russian Prime Minister Vladimir...

2008-11-06 09:00:38

OMV, Gazprom, Vienna Stock Exchange operator Wiener Borse, and Centrex Europe Energy & Gas have agree to co-operate for the development of the Central European Gas Hub and the establishment of a Central European gas exchange providing for the trading of gas products on a spot and futures market. The Central European Gas Hub (CEGH), currently a 100% subsidiary of OMV, is a gas hub platform existing in addition to the physical gas hub functions in Baumgarten and has recently been...

2008-10-31 12:00:28

MIDLAND, Texas, Oct. 31 /PRNewswire-FirstCall/ -- Natural Gas Services Group, Inc. , a leading provider of compression equipment and services to the natural gas industry, announces plans to release its 2008 third quarter and nine months financial results at 8:25 AM Central Time on Wednesday, November 5, 2008. In conjunction with the release, the Company has scheduled a conference call Wednesday, November 5, 2008 at 10:00 AM Central Time/11:00 AM Eastern Time. What: Natural Gas...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.