Gas industry
Gazprom, Russia's gas giant, is positioning itself for a greater role in the country's Far East by proposing to buy all natural gas output from the Sakhalin-1 consortium. This move is part of its strategy to gain control over gas exports and create its own reserves
Gas industry
Deputy Chairman of Russia's Gazprom, Alexander Ryazanov, met with Turkmen Minister of Oil and Gas Industry and Mineral Resources, Kurbanmurad Atayev, in Ashgabat on April 17 and 18. The two sides discussed the annual delivery of 50 billion cubic meters of Turkmen natural gas to Russia over the
Gas industry
Gazprom, the world's largest natural gas producer, is weighing a potential bid for a stake in Centrica, the UK's largest energy provider. The move has raised concerns among British authorities, who may intervene to block the acquisition due to Gazprom's state-controlled ownership. The situation
Gas industry
Russian blue chip stocks fell 0.7% to 3.2% by the end of the trading day, yet the RTS index managed to climb 0.14% to 1627.51, while the MICEX stock index dropped 1.09% to 1454.64. Norilsk Nickel, Mosenergo, and Sberbank stood out for different reasons,
Gas industry
The British government, led by Trade and Industry Secretary Alan Johnson, is preparing to block a takeover bid by Gazprom, the Russian state-controlled energy giant, of Centrica, the parent company of British Gas. Meanwhile, Gazprom's boss, Alexei Miller, has warned against politicising gas supply, hinting that Russia might
Gas industry
Gazprom has announced plans to invest in a gas pipeline from western Russia to China, expanding its presence in Asian energy markets. The move comes after a meeting between Gazprom's CEO, Alexei Miller, and Chinese oil and gas companies in Moscow. The western route is a priority project,
Gas industry
Russia is expected to wrap up all bilateral negotiations on accession to the World Trade Organization (WTO) within two months, despite ongoing talks with several countries, including the United States, Colombia, and Australia. Maxim Medvedev, head of the Russian delegation, expressed optimism about the process, stating that the Americans had
Gas industry
The Kremlin has regained command of the Russian oil and gas industry, reversing privatizations from the last decade and silencing oligarchs. This marks a new era of resource nationalism, with the state potentially controlling up to 60% of Russia's crude production by the end of 2006. President Putin&
Gas industry
State-owned oil and gas explorer Gazprom, Russia's largest energy company, is reportedly considering a bid worth more than £11 billion for Centrica, the British Gas owner. This move has sent shockwaves through London's financial markets, with Centrica's shares surging by £1 billion to £10.
Gas industry
President Vladimir Putin has laid out the roadmap for Russia's oil and gas industry, with a focus on state control and international expansion. State-owned Rosneft is set to follow Gazprom in becoming an international major, with private oil companies to be developed "in accordance with market conditions.
Gas industry
Fears about Russia's reliability as a supplier of natural gas to Western Europe have been heightened by a series of pipeline attacks in the Caucasus Mountains, which have paralyzed Georgia and sent a ominous message to European leaders. The bombing of two natural gas pipelines on Sunday by
Gas industry
Weeks before taking its turn as president of the Group of 8 industrialized nations, Russia faced a potential embarrassment when explosions tore through two of its natural gas pipelines in the Caucasus Mountains, continuing a trend of sabotage of critical energy infrastructure. The bombings sent a massive fireball into the
