Russia, Turkey premiers to talk trade, energy in Sochi
Russian Prime Minister Vladimir Putin will discuss with his Turkish counterpart economic and regional issues, European security and the Nagorny-Karabakh dispute at a meeting in Sochi, a government source said on Saturday. READ MORE
RosGas AG to Control 20 Percent of Hungarian Gas Distribution
Barely nine days after the Hungarian gas trader Emfesz KFT announced that it will begin receiving supplies of 3 billion cubic meters annually from the Zug (Switzerland) based company RosGas AG, rather than the now inactive RosUkrEnergo (RUE) the Russian press reported that Emfesz has been sold to RosGas. Thus RosGas, a little-known company, now controls 20 percent of the Hungarian domestic gas distribution market. READ MORE
Turkey Prioritizing its Relations with Azerbaijan
The recent uncertainty surrounding Turkish-Azeri relations is giving way to a new period of optimism, ahead of high level diplomatic contacts. Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan will meet Azeri officials in a bid to reassure Baku of Ankara's intention to protect Azerbaijan's interests during the Turkish-Armenian reconciliation process. READ MORE
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
Surgut's Move Against MOL: A New Stage in Russian Acquisition Strategy in Europe
Russian expansion into European energy industries stands poised to cross a new threshold with the stealthy acquisition of a large stake in Hungary's privately owned MOL by Russia's Kremlin-controlled Surgut Neftegaz. This move entails a number of bold novelties. READ MORE
Putin Warns Europe Over Ukrainian Gas Plan
Russia’s Prime Minister said he’s unhappy his country was not consulted on a European Union decision to help Ukrainian modernize its gas supply network. Putin warned that the slight could jeopardize Russian-EU relations. READ MORE
Siemens Plans Nuclear Cooperation with Russia
Germany may be phasing out its nuclear power stations, but German group Siemens plans to cooperate with Russia's Rosatom to tap into the growing global market to build new nuclear plants. A deal could be signed in the coming months.
German industrial group Siemens is preparing to sign a nuclear cooperation deal with Russia to tap a growing global market for building nuclear power plants, German business daily Handelsblatt reported. READ MORE
