European countries sign gas pipeline deals with Russia
Russian natural gas giant Gazprom has signed deals with companies from four European nations, paving the way for a new natural gas pipeline that sidesteps the Ukraine and worries Brussels.
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Dual Energy Conferences Focus On Pressing European Import Issues
Two energy conferences are taking place this week -- one in Bulgaria, the other in Turkmenistan -- that could result in major decisions being made on pressing issues surrounding European imports.
State officials and business representatives in both Sofia and Ashgabat will be discussing how to reliably transit energy resources -- mainly natural gas -- from locations in Asia to markets in Europe. READ MORE
MOL, Gazprom to Build Gas Storage Site in Hungary Independent of South Stream
On March 10 in Moscow, Hungary's privately-owned MOL oil and gas company signed an agreement with Gazprom Export in Moscow to jointly establish a gas storage company in Hungary. Prime Ministers Vladimir Putin and Ferenc Gyurcsany witnessed the signing. This project is separate from and, in all probability, independent from Gazprom's South Stream pipeline project, one section of which is planned to traverse Hungary. MOL is not participating in South Stream (Interfax, March 10, 11). READ MORE