Gazprom Executive Confirms Production and Investment Woes
Briefing the press on June 16 in Moscow, Gazprom deputy chairman Aleksandr Ananenkov lifted a curtain corner on the company's investment and output prospects in the short-to-medium term. Gazprom is set to substantially reduce capital expenditures in the next few years, starting with a 22 percent capex cut this year: from 640 billion rubles in 2008 to a target figure of 500 billion rubles in 2009. READ MORE
"Time to break Russian gas habit"
E.ON Ruhrgas executive Jochen Weise claimed the former Eastern Bloc countries hardest hit by January's gas crisis were like "junkies", adding that nations dependent on Russia for their gas supply "had to do their homework". READ MORE
Gazprom's new weakness offers opportunity
Gazprom has gone from being a great commercial hope to an ailing giant. Gazprom`s owners need to face up to the crisis and institute reforms. READ MORE
Putin warns of new gas dispute with Ukraine
Russian Prime Minister Vladimir Putin on Friday called on the international community to help Ukraine finance its gas bill so as to avoid a fresh gas war. Ukraine is due to pay its bill for Russian gas intended for domestic consumption and stocking in underground reservoirs on June 7, Putin said in a statement posted on his website. READ MORE
"European breakthrough": Gas Turkmenistan Activates Dialogue With Brussels
Turkmen President Gurbangulu Berdymuhammadov made an official tour to Europe, including Belgium, Germany and Austria over 6 months ago. The president commissioned Vice-Premier and Foreign Minister Rashid Meredov to hold direct talks with the European Union next two months, official sources said. READ MORE
Political Situation in Turkey and Economic Power of Russia Can Negatively Affect Nabucco Project Accomplishment
In spite of all commercial troubles Nabucco gas pipeline can be accomplished due to political reasons rooted within the demand of Europe to assure its energy security. This is a consideration of the analysts of British Consulting Association CERA (Cambridge Energy Research Associates). READ MORE
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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Azerbaijan Looking at Narrow Gas Export Options
At the oil and gas conference just held in Baku, Industry and Energy Minister Natig Aliyev, confirmed that Azerbaijan strives for access to European markets as the main export destination for Azerbaijani gas and, potentially, for Turkmen gas via Azerbaijan to Europe. READ MORE
Mitschek: Nabucco consortium making headway
Significant progress has been achieved with Turkey on moving forward the Nabucco gas pipeline project, Reinhard Mitschek told, managing director of Nabucco Gas Pipeline International. READ MORE
Azerbaijan: Is Baku Offering A Natural Gas Carrot To Moscow For Help With Karabakh?
As talk of a potential Nagorno-Karabakh deal gains momentum, Azerbaijan appears to be making serious overtures toward Russia in hopes that the Kremlin will push Armenia to make key concessions, analysts in Baku believe. As an incentive, Azerbaijan is playing one of its most strategic cards - cooperation in the natural gas sector. READ MORE
