Latest Gazprom Stories

Hungary is urging interested countries to speed up talks on construction of the Nabucco pipeline to carry gas from central Asia to Europe, officials said. Mihaly Bayer, Hungary's Nabucco pipeline representative, said the countries that sign an inter-government agreement scheduled for next week in Turkey, also should sign a political declaration to support the project, which is planned to reduce Europe's dependence on Russia's supply of natural gas. The countries that are to be involved in...

MOSCOW, July 9 /PRNewswire/ -- Alexander Ananenkov, vice-president of Gazprom PLC, announced that the company is considering the possibility to place an order for the construction of two tankers (to transport liquefied natural gas from Shtockmann gas-field) at Severnaya Verf plant, a part of United Industrial Corporation (OPK). According to Mr. Ananenkov, Severnaya Verf plant is the only enterprise in Russia, with the ability to build such particular vessels. "Gazprom will prepare...

Turkey has OK'd a transit agreement for the Nabucco pipeline intended to reduce European dependence on Russian gas, the European Union said. An intergovernmental pact to be signed in Ankara July 13 will expedite construction of the pipeline and bring Caspian and Middle East gas to Europe as early as 2014, E.U. officials said Friday. Turkey had delayed the transit agreement while bargaining for a 15 percent share of the pipeline's capacity. The exact percentage Turkey would receive had yet to...

Potential to Reduce Millions of Tons of CO2 Emissions HOUSTON, June 18 /PRNewswire/ -- The Dow Chemical Company (NYSE: DOW) and Gazprom Marketing and Trading Limited announced today they have signed a memorandum of understanding (MOU) to develop and implement greenhouse gas (GHG) reduction projects on a global basis. Through this agreement, both companies will work together to identify projects that could cumulatively reduce millions of tons of carbon dioxide (CO2) emissions through the...

Russian President Dmitry Medvedev says his country wants to increase grain exports to an expanding Asia Pacific market. Speaking Saturday as the first World Grain Forum opened in St. Petersburg, Medvedev said the region is quickly turning into Russia's most promising market for grain and called for coordination among exporting nations to keep prices affordable, RIA Novosti reported. Taking into account the extent of our borders, considering the size of our state, the Asia Pacific region is...

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...

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...

The Russian-European Union economic summit starting Thursday will concentrate on the global economy, presidential aide Sergei Prikhodko said in Moscow. It is the main issue, Prikhodko, an aide to Russian President Dmitry Medvedev, said Wednesday. Issues such as energy security for Europe and international trouble spots will be discussed in the light of economic cooperation, he said. Russia's gross domestic product fell 9.5 percent in the first quarter of 2009 compared to the fourth quarter...

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...

Conservation groups advocating the protection of critically endangered gray whales say they have cause to celebrate.After extended talks with Russian gas and oil companies, the groups say they have managed to win agreements from several firms to end seismic drilling work in order to give the struggling whales a chance to breed undisturbed.The energy companies' agreement to suspend work comes on the heels of recent research studies that demonstrated how their methods of extracting fossil fuels...