Latest news
Gazprom to extend its underground gas storages to unfreeze Europe
Gazprom, Europe’s main supplier of natural gas is planning to invest between 200 million and 300 million euros to double its underground natural gas storage in order to make sure the Siberian cold doesn’t freeze up pipelines, Gazprom Deputy CEO Alexander Medvedev said on Wednesday.
read more... 17/02/2012
Gazprom: Montenegro to join South Stream gas pipeline project
The Russian energy giant Gazprom announced that Montenegro is joining the south Stream project, which is designed to transport Russian natural gas under the Black Sea to Europe.
read more... 06/02/2012
It is official: Turkey approves the construction of South Stream pipeline
Turkey has announced in December that it gives all necessary approvals for the South Stream pipeline project, allowing the construction to proceed and to be executed on schedule, before the end of 2015. The news was officially confirmed by Moscow on January, 9, stating that the pipeline will be built through Turkey’s Black Sea exclusive economic zone, en route to central Europe.
read more... 20/01/2012
Bulgaria refuses to pay Russia for Burgas-Alexandroupolis oil pipeline
The Bulgarian Prime Minister announced that Bulgaria has no intentions to pay a single penny as to reimburse Russia for the Burgas-Alexandroupolis oil pipeline project.
read more... 12/01/2012
Daily – oil up on positive consumer credit data
U.S. and Brent crude oil futures increased on Tuesday sustained by positive consumer credit data and fears about Iran’s threats to close the Strait of Hormuz key pipeline, while gains were capped by festering euro zone debt crisis.
read more... 10/01/2012