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Needing Russian Gas, Italy Puts On EU’s Kid Gloves

ATHENS – Italy, which recently assumed the rotating six-month Presidency of the European Union, will try to restore a partnership approach with Russia given that the latter is...

Bulgaria Claims South Stream Deal Doesn’t Bypass EU Law

The Bulgarian government reportedly said in a statement it did not breach EU law when it signed deals for the construction of the Russian-backed South Stream...

Scotland, Crimea, East Ukraine Eye Energy On Independence

North Sea oil and natural gas reserves are expected to become a major financial asset for Scotland on independence, Scottish Finance Secretary John Swinney said late...

Putin: “Dasvidaniya” EU, “Ni Hao” China

Cornered by western sanctions, Russian President Vladimir Putin oversaw the signing of a massive 30-year deal between Gazprom and China's CNPC on 21 May that...

EU Leaders Not Ready To Break With Putin

BRATISLAVA – The Hungarian government supports the Russian-led South Stream project, Hungary’s Prime Minister Viktor Orban told New Europe on 15 May, noting that...

Limp US Sanctions Bypass Russia’s Energy Majors

The US Treasury blacklisted Rosneft Chairman Igor Sechin but Russia’s top oil producer itself was not placed on the black list. Sechin, an oil...

Timchenko – South Stream’s Achilles’ Heel

A consortium led by Russia’s Stroitransgaz is reportedly a shoo-in to win a €3.5 billion deal to build a section of the South Stream natural gas pipeline across Bulgaria. Stroitransgaz...

Russian Energy Exempt From EU Sanctions

At the European Council meeting on 20-21 March, the Crimea crisis was discussed by EU leaders. However, the EU sanctions imposed on individuals over...

Road To South Stream Is Paved With Good Intentions

The reason an EU-Russia task force on the South Stream gas pipeline project was formed is not to renegotiate the Inter-Governmental Agreements between the countries concerned and...

Ukraine Violence Clouds Russia Gas Deal

Following lethal violence, Ukraine’s embattled President Viktor Yanukovich and opposition leaders have signed a breakthrough deal on ending the political crisis in the former...

Gazprom Compromises To Avoid Losing Business

The Lithuanian Energy Ministry said on 30 January that shareholders of the Baltic state’s gas utility Lietuvos Dujos voted to initiate arbitration against Russian...

Ukraine-Russia Lovefest Won’t Slow South Stream

The rapprochement between Moscow and Kiev, following a deal to provide Ukraine with a $15 billion loan and a gas price reduction from about...

Putin’s Ukraine Deal Chills Gazprom

The Gazprom officials’ facial expression on Russian television says it all. Clearly they did not agree with Russian President Vladimir Putin’s political decision to slash...

Ukraine Edges Closer to Slovak Gas Imports

On 22 November, a European Commission official told New Europe that a Ukrainian deal with Slovakia allowing the former Soviet republic to import gas...

Gazprom’s South Stream Moving Into Europe

Gazprom said construction of its South Stream natural gas pipeline through Europe “was advancing steadily”. On 14 November, the management committee of the Russian...

Gas Ender’s Game

ATHENS – Fresh Gazprom demands for Kiev to pay its overdue bills have sparked fears the Russian gas monopoly may cut gas supplies to...

Ukraine Wants To Be EU Gas Player

YALTA - Ukraine will still remain the main transit country for Russian gas supplies to Europe even if the South Stream and Nord Stream...

European Commission toughens its stance against Gazprom

An EU probe against Gazprom is moving ahead as regulators are preparing to charge the Russian gas export monopoly with abusing its dominant position...

Oettinger tells Gazprom the EU means business

STRASBOURG – European Energy Commissioner Günther Oettinger reiterated that the EU and Gazprom do not see eye to eye on long-term gas contracts and questioned...

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