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Eni CEO Seeks EU Consortium To Bypass Russia-Ukraine Gas Spat

Eni CEO Seeks EU Consortium To Bypass Russia-Ukraine Gas Spat

Italian oil and gas company Eni SpA (E) Thursday said that, following a request from Russian Premier Vladimir Putin, it will try to set up a European consortium to restart the transport of Russian natural gas to Europe.

OPEC Jan Report: Revises Down Slightly 2009 World Oil Demand

OPEC Jan Report: Revises Down Slightly 2009 World Oil Demand

The Organization of Petroleum Exporting Countries on Thursday made additional downward revisions to global oil demand in 2009 and hinted it may still have to cut even more production if economic activity and crude prices continue to stumble.

Russia Says Will Host Europe Gas Crisis Summit

Russia Says Will Host Europe Gas Crisis Summit

Russia will host a summit on the European gas crisis Saturday and is inviting European leaders to take part, news agencies reported Thursday, citing a spokeswoman for President Dmitry Medvedev.

EU To Convene New Meeting Of EU Gas Experts Jan 19

EU To Convene New Meeting Of EU Gas Experts Jan 19

The European Union's executive commission said Thursday it would convene a new meeting of E.U. gas experts on Monday to reassess the energy situation in the bloc's eastern states that have been hit by a gas dispute between Russia and Ukraine.

Ukraine Confirms No Gas Flowing To Europe Thursday

Ukraine Confirms No Gas Flowing To Europe Thursday

Ukraine is still not letting Russian natural gas into its pipeline system due to "technical reasons," a spokesman for Ukraine's state gas firm Naftogaz confirmed Thursday.

LNG Cant Replace Russia Gas Imports In Europe

LNG Can't Replace Russia Gas Imports In Europe

Europe would need as much as four extra liquefied natural gas cargoes a day to offset the lost natural gas supply from Russia through Ukraine, LNG Intelligence reported Thursday, citing an executive from Total S.A. (TOT).

CNPC Signs Contract To Develop Iranian Oilfield - Xinhua

CNPC Signs Contract To Develop Iranian Oilfield - Xinhua

China National Petroleum Corp. signed Wednesday a $1.76-billion contract with the National Iranian Oil Co. allowing CNPC to exploit the North Azadegan oilfield in Iran, Xinhua reported Thursday.

Ukraine Leader Promises Total Volume of Gas Transit to Europe

Ukraine Leader Promises Total Volume of Gas Transit to Europe

KIEV (AFP)--Ukraine will transit Russian gas to Europe as soon as Moscow provides the "total volume" required, President Viktor Yushchenko told German Chancellor Angela Merkel Thursday, his office said.

Russia Proposes New Summit As Gas Row Drags On

Russia Proposes New Summit As Gas Row Drags On

MOSCOW (Dow Jones)--Russia Wednesday proposed a fresh round of talks in a bid to resolve the natural gas dispute that has left parts of Europe without power, saying a meeting of all the parties involved could also help prevent a repeat of the stalemate in the future.

Ukraine Holds Europe Hostage

Ukraine Holds Europe Hostage

NOVO OGAREVO, Russia (AFP)--Ukraine has taken European countries "hostage" in its dispute with Russia over gas, Prime Minister Vladimir Putin said Wednesday.

Ukrainian, Polish Leaders Meet For Gas Dispute Talks

Ukrainian, Polish Leaders Meet For Gas Dispute Talks

WISLA, Poland (AFP)--Ukraine's President Viktor Yushchenko arrived in Poland Wednesday for talks with his Polish counterpart Lech Kaczynski, a staunch ally of Kiev in its gas row with Russia.

DJ Gazprom CEO: May Send Gas To Slovakia Via Ukraine Swap

DJ Gazprom CEO: May Send Gas To Slovakia Via Ukraine Swap

MOSCOW (Dow Jones)--Russia could arrange the supply of gas to Slovakia through an exchange with neighboring Ukraine, which Moscow accuses of blocking transit shipments to Europe, OAO Gazprom (GAZP.RS) said Wednesday

Italy Can Meet Winter Gas Demand Without Russia Supplies-Min

Italy Can Meet Winter Gas Demand Without Russia Supplies-Min

ROME (Dow Jones)--Italian natural gas stockpiles are sufficient to meet the country's needs this winter in the event Russian supplies don't restart, said Industry Minister Claudio Scajola Wednesday.

Russian Pres:Gazprom Lost $1.1B Europe Rev Since Jan 1-Report

Russian Pres:Gazprom Lost $1.1B Europe Rev Since Jan 1-Report

MOSCOW (Dow Jones)--Russian gas monopoly OAO Gazprom (GAZP.RS) has lost $1.1 billion in revenue from European exports since Jan. 1 as a result of its dispute with Ukraine, the Interfax news agency cited President Dmitry Medvedev as saying Wednesday.