News

Ukrainian state energy company Naftogaz, often at the centre of energy rows with Russia due to its sketchy ability to pay for gas bills, said today it had preliminary agreement to delay payment of $2.8 billion of debt.

Gasprom is steering the ’steady’ long-term development of the Astrakhan gas complex.

Statoil said Tuesday it has entered into transportation agreements in the US ensuring the right to transport and deliver natural gas produced in the Northern Marcellus shale gas area of Pennsylvania (PA) to the New Jersey and New York City areas.

ExxonMobil Corp. said Tuesday it has finalized an agreement to sell gas from its liquefied natural gas project in Papua New Guinea to Taiwan's CPC Corp.

France's GDF Suez has signed a deal with Gazprom to take a 9 percent stake in the yet-to-be-built Nord Stream gas pipeline.

GAZPROM plans to deliver gas to energy-hungry China from 2015.

Gazprom on Friday detailed the concessions it was giving to its four largest customers, saying its long-term contracts would take into account the much-lower spot price for gas for only three years.

A Kazakh court slapped a $21 million environmental fine on a group of companies led by BG and Eni which are developing the Karachaganak gas condensate field.

Preliminary reservoir tests of the Jalameed Well 3 showed commercial potential for tapping the gas, which flowed at a rate of 12.1 million cubic feet a day

Gazprom has agreed to supply some of Europe's gas at spot market prices in a bid to defend its shrinking market share.

Iran needs to invest $24 billion to $30billion per year in its oil industry to reach the 20-year goals of the country the Head of the National Iranian Oil Company (NIOC) says.

A US subsidiary of Russian monopoly Gazprom won federal approval today to import liquefied natural gas into the US Mid-Atlantic region.

The government moved closer on Wednesday to stripping TNK-BP of its East Siberian Kovykta gas field.

Alaska officials are looking to China and what some believe will be that country's strong demand for natural gas to help the state advance its long-held pipeline dreams.

Just over 18 months ago, Russia was predicting a bright future for Gazprom, stating that its capitalization would
exceed $1 trillion by 2015 and its shares would be trading on the New York Stock Exchange.
Today, the story is very different.

Gazprom Deputy Aleksandr Medvedev admits that the final investment decision in the Shtokman project has been postponed, but still maintains that the time schedules for the production launch remain unchanged.

The Polish government has approved the extension of the contract on Russian natural gas deliveries to Poland until 2037.

China and Russia are still in protracted price negotiations for a tentative gas supply deal.

The Russian gas giant Gazprom plans to acquire new assets in Iran.

Russia's largest independent crude producer LUKoil has begun talks with the government of Uganda to develop oil fields in the East African country.