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Contract Between Gazprom, Naftogaz Implies No Gas Discount — Russian Minister

Contract Between Gazprom, Naftogaz Implies No Gas Discount — Russian Minister

The gas price stipulated by the contract involving Russia’s Gazprom and Ukraine’s Naftogaz is lower than those on the European market, so there is no background for discounts, Russia’s Energy Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Monday

Putin, Erdogan to Jump-Start Turkish Stream, Akkuyu NPP

Putin, Erdogan to Jump-Start Turkish Stream, Akkuyu NPP

Russian President Vladimir Putin plans to meet Turkish President Recep Tayyip Erdogan in Istanbul on October 10 to discuss normalisation of their relations and accelerating the construction of the Akkuyu nuclear power plant and the Turkish Stream natural gas pipeline

Putin Suspends Plutonium Cleanup Agreement With US

Putin Suspends Plutonium Cleanup Agreement With US

Russian President Vladimir Putin has suspended a cooperative program that commits Russia and the United States to eliminating parts of their weapons-grade plutonium stocks. A presidential decree made public today, Monday 3 October, says the implementation of the US-Russia Plutonium Management and Disposition Agreement must be put on hold, "due to Washington’s unfriendly actions toward Russia.”

Bulgaria Could Take Up to 25 Pct Stake in Greek LNG Project

Bulgaria Could Take Up to 25 Pct Stake in Greek LNG Project

Bulgaria could take up to a 25 percent stake in a project to build a liquefied natural gas (LNG) terminal off the coast of northern Greece, the Bulgarian energy minister said on Wednesday. The 380 million euro ($425 million) floating facility will be linked to a gas pipeline due to be built by Greece and Bulgaria and would help Bulgaria reduce its reliance on Russian gas. It will also aim to supply gas to southeastern Europe

Turkey Receives First US LNG from Sabine Pass

Turkey Receives First US LNG from Sabine Pass

Turkey imported its first liquefied natural gas (LNG) from the U.S., according to Turkish private energy company EgeGaz on Wednesday

Meps Call for Better Gas Storage in the EU

Meps Call for Better Gas Storage in the EU

The European Union should make better use of current capacities, and offer more support for less connected regions, members of the European Parliament’s Committee on Industry, Research and Energy (ITRE) said, warning that doubling the capacity of a Russian-backed pipeline could hurt EU energy security

2nd Global Oil & Gas SE Europe and Mediterranean Conference to Open With Interventions by the Ministers of Energy of Greece and Israel

2nd Global Oil & Gas SE Europe and Mediterranean Conference to Open With Interventions by the Ministers of Energy of Greece and Israel

Greece’s Minister of Environment and Energy, Mr. Panagiotis Skourletis, and his Israeli counterpart, Mr. Yuval Steinitz, will be speaking at the opening session, today, in the 2nd Global Oil & Gas South East Europe and Mediterranean Conference & Exhibition, a landmark event on the latest oil and gas projects and policy priorities for the broader region

Iran Wants to Increase Gas Exports to Brother Turkey

Iran Wants to Increase Gas Exports to 'Brother' Turkey

Iran wants to increase its natural gas exports to Turkey, according to Mansour Moazami, Deputy Minister of Industry, Mine and Trade of Iran. Moazami, who is also former managing-director of the National Iranian Gas Company and former deputy oil minister of Iran told Anadolu Agency that any impending negotiations between Turkey and Iran will focus on gas prices

EU to Meet 2020 Final Energy Consumption Target

EU to Meet 2020 Final Energy Consumption Target

The European Union is on its way to meet the 2020 final energy consumption target if it keeps steady on the same path, a European Commission energy spokeswoman said. “The EU28 is also on a good pathway to achieve the primary energy consumption target 2020 if the current efforts are maintained,” Anna-Kaisa Itkonen told New Europe on September 7

Gazprom Receives First Permits for Turkish Stream Pipeline

Gazprom Receives First Permits for Turkish Stream Pipeline

Gazprom has received through diplomatic channels first permits from the authorities of Turkey for the implementation of the Turkish Stream after it was decided to resume the project this year, Russian gas holding said in a statement

Kashagan to Help Boost Kazakh Oil Supplies to China

Kashagan to Help Boost Kazakh Oil Supplies to China

Kazakhstan can increase the supply of oil to China from 7 to 20 million tonnes, the press service of Akorda reported last Monday. Kazakhstan’s President Nursultan Nazarbayev at a briefing following the results of a visit to China said the possibility of supply of Kazakh oil to China would increase in connection with the commissioning of the largest oilfield Kashagan

Bankers Petroleum on Winning Side of $57M Tax Dispute With Albania

Bankers Petroleum on Winning Side of $57M Tax Dispute With Albania

A Calgary-based oil and gas producer that operates in eastern Europeemerged victorious in a long-standing dispute with the Albanian government over a $57-million tax bill. The dispute began with an Albanian government audit of Bankers Petroleum Ltd.’s books in 2011 thatquestioned $250 millionin expenses, resulting in a $57-million tax levy