On April 9th 2015, the Ukrainian parliament took a long-awaited step towards a competitive and secure energy plan in Ukraine. By an overwhelming majority of votes, the Parliament adopted a new gas market law.
VILNIUS - The three Baltic states on April 18 urged neighbouring Poland and the EU to speed up work on a gas pipeline to link them to the European market and reduce their reliance on Russia.
Gazprom is decreasing its business in Europe in a move that marks a departure from the group's aim of controlling the entire value-added chain. The company has sold its stake in a German distributor, for example. High-flying plans to get involved in power plant construction have now been shelved.
Expert-level talks between Russia, Ukraine and the European Commission made progress toward resolving differences over Russian gas supplies to Ukraine but no date has yet been set for a high-level meeting, the Commission said on April 17.
Russia is not going to restructure Ukraine's debt worth $3 billion and will file a lawsuit if Ukraine fails to meet its obligations, Russian Finance Minister Anton Siluanov said.
MOSCOW - Providing gas to Ukraine at a discounted price makes sense, because the Ukrainian economy can't bear the full price, President Vladimir Putin said in response to a question at his annual Q&A session.
OAO Gazprom is under pressure to cut prices for Turkey to help Vladimir Putin persuade his southern neighbor to replace Ukraine as Russia’s main gas transit route to Europe.
Ukraine's Naftogaz has paid Russia's Gazprom another $20 million for April gas supplies, Naftogaz told Interfax.
Ukraine will import 25 billion cubic meters of gas in 2015, Ukraine's Energy and Mining Minister Volodymyr Demchyshyn said following a Cabinet meeting, citing the approved gas consumption balance for this year.
Ukrainian Prime Minister Arseniy Yatsenyuk has said that Naftogaz saved $3.4 billion in 2014 on purchases of Russian gas from Russia's OAO Gazprom at a lower price than the one stipulated in the Ukrainian -Russian 2009 gas contracts.
RIGA - EU officials are holding talks with a range of non-Russian suppliers and one day could buy gas from Iran, Europe's climate and energy chief has said, setting aside a Gazprom warning that Europe should not block its gas strategy.
MOSCOW - Gazprom will build the Turkish Stream pipeline to Turkey's border with Greece and is ready to wait for transport capacity on the European side to appear, Gazprom CEO Alexei Miller said.
Recent investigations of "smart guys" contracts have helped reduce corruption within the Romanian energy sector, and have accelerated the country's market liberalisation, at a time when the Ukraine crisis has forced Bucharest to assume a more important role in region.
The price of Russian gas supplied to Ukraine after the second quarter of 2015 will depend on the price of gas in neighboring countries, Gazprom chief executive officer Alexei Miller said at a Valdai Club conference in Berlin.
BERLIN—Europe could face higher natural gas prices if Brussels presses on in its effort to reduce Russia's energy-market power, the chief executive officer of Gazprom, Russia's state-owned gas company, said on April 13.
Russian gas producer Novatek hopes to secure $5 billion from global export credit agencies for its Arctic liquefied natural gas (LNG) project Yamal LNG by mid-year, chief executive Leonid Mikhelson said.
Russia is planning to let its natural gas transit contract with Ukraine expire in favor of a route it seeks to build under the Black Sea or supplies to Asia.
BERLIN – Russia won't be extending its transit contract with Ukraine after 2019, Energy Minister Alexander Novak told reporters.