The head of Russian gas producer Gazprom said the firm had taken a decision to start building the Turkish Stream pipeline and that preparations to build the undersea stretch of the pipeline were under way.
German chemicals group BASF and Russia's Gazprom have abandoned a gas assets swap deal planned for this year as companies across Europe continue to suffer from growing tensions between Moscow and the West.
Relations between Ru
Russia's Gazprom and Turkey's Botas have signed a memorandum to build an undersea pipeline to Turkey with an annual capacity of 63 billion cubic metres, Gazprom CEO Alexei Miller said.
He said 14 bcm ou
Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, Energy Minister Alexander Novak said.
The sanctions over Russia's role in the
Russia's Gazprom is in talks to buy Abu Dhabi's 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks told Reuters on Thursday.
"Talks were held but they have yet to decide on pricing,&
Russia's Gazprom assured European customers it would continue to supply their gas, after its threat to halt supplies to transit nation Ukraine next month over non-payment.
Any shortfall would be the fault of Ukraine, chief exe
Gazprom, one of the world's top gas producers, expects to hand $4.7 billion in price cuts to European consumers this year, company officials said, and vowed to make good on dividend promises despite the cash flow hit.
Russian gas export monopoly Gazprom reported sales declines in Europe and its home market, showing the importance of its strategy to expand into Asia.
Gazprom's sales of gas to Europe and other countries fell 0.5 per cent to 4
Bahrain is in talks to import an average of 400 million cubic feet per day (cfd) gas from Russia's Gazprom through a liquefied natural gas (LNG) terminal expected to open by 2015, the kingdom's energy minister told Reuters.
Bahrain plans t