Latest news

Turkmenistan will allocate $93 billion to oil and gas industry

The President of Turkmenistan Gurbanguly Berdymukhammedov declared its intention to allocate $93 billion to encourage the country’s oil and gas industry, which has been negatively affected by small world prices and Russia’s decreasing demand.

read more... 11/10/2017


Ukraine's gas storage for winter increases by 16%

Ukraine's gas storage is filled up with about 16 bWillion cubic metres (bcm), or a 16 percent increase from a year earlier, as stated by Ukrtransgaz.

read more... 26/09/2017


Russian project will lack EU financing in consequence of US sanctions

The Austrian OMV CEO stated that US sanctions will have a serious impact on big Russian projects. OMV is one of the investors in the Nord Stream-2 trans-Baltic gas pipeline project.

read more... 14/09/2017


Cyprus: New gas discovery offshore considered non-profitable

Eni and Total have found gas while drilling offshore Cyprus near the giant Zohr gas field discovery in Egypt waters, but the anticipated quantity of the recently discovered field is too small to develop on its own, as stated by Cypriot Energy Minister Yiorgos Lakkotrypis on Tuesday.

read more... 13/09/2017


Russia: Q2 net income of Gazprom falls by 80% year-on-year, forecast missed

Russia’s Gazprom declared recently that the net income for the second quarter fell lower than expected compared to the same period of 2016, or by over 80% to 48 billion roubles ($817.3 million), because of losses related to foreign exchange rates. The forecasted amount earnings for second quarter was 50.2 billion roubles.

read more... 30/08/2017