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Gazprom Weighs Delaying Key New Field

Gazprom Weighs Delaying Key New Field

Russia's OAO Gazprom says it will slash capital spending and might delay the launch of a key field in Siberia as the global recession decimates demand for its natural gas in Russia and Europe.

Gazprom Delays Gas Pipeline Project To China Over Costs

Gazprom Delays Gas Pipeline Project To China Over Costs

OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, has delayed plans to build a gas pipeline to China due to disagreements over pricing, the company's Deputy Chief Executive Alexander Ananenkov said Wednesday.

Gazprom May Postpone Launch Of Kovykta Field Beyond 2017

Gazprom May Postpone Launch Of Kovykta Field Beyond 2017

OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, may postpone the launch of the Kovykta gas field beyond 2017, the company's Deputy Chief Executive Alexander Ananenkov said Wednesday.

Turkeys Izdemir Plans $350M Invest In 350 MW Pwr Plant

Turkey's Izdemir Plans $350M Invest In 350 MW Pwr Plant

Turkey's energy producer Izdemir Enerji Elektrik Uretim A.S., a subsidiary of Turkish steel producer Izmir Demir Celik Sanayi AS (IZMDC.IS), said Tuesday it plans a $350 million investment to build a 350 megawatt power station in Turkey, the Ihlas News Agency, or IHA, reported.

Lukoil Agrees To Supply 3M Tons Of Oil To Sinopec In 2009-10

Lukoil Agrees To Supply 3M Tons Of Oil To Sinopec In 2009-10

Lukoil Holdings (LKOH.RS), Russia's biggest independent oil producer, has signed a deal with China Petroleum & Chemical Corp. (SNP), or Sinopec, to deliver 3 million metric tons of oil between July 2009 and June 2010, the company said Tuesday in a statement.

Russia,Georgia Regions To Discuss Military Cooperation

Russia,Georgia Regions To Discuss Military Cooperation

Russian President Dmitry Medvedev has issued instructions for military cooperation deals to be negotiated with the breakaway Georgian regions of Abkhazia and South Ossetia, the RIA Novosti news agency reports Tuesday, citing a statement on the Kremlin's Web site.

Gazprom Says Ukraine Not Pumping Gas Into Underground Storage

Gazprom Says Ukraine Not Pumping Gas Into Underground Storage

Ukraine is currently not pumping Russian gas into its storage facilities to supply European markets next winter, Alexander Ananenkov, deputy chief executive of Russia's state-controlled gas firm OAO Gazprom (GAZP.RS), said Tuesday.

Ahmadinejad Arrives In Russia For Security Summit

Ahmadinejad Arrives In Russia For Security Summit

Iran's President Mahmoud Ahmadinejad arrived in Russia on Tuesday to attend a regional security summit, in his first trip abroad following his disputed election victory, an official in the Iranian delegation said.

Gazprom Says European Demand Picked Up In Second Quarter

Gazprom Says European Demand Picked Up In Second Quarter

Russian gas giant OAO Gazprom (GAZP.RS) experienced a pickup in demand for natural gas in Western Europe during the second quarter, the company's Deputy Chief Executive Alexander Ananenkov said Tuesday.

Edison SpA Looking at DEPA Stake

Edison SpA Looking at DEPA Stake

Italian utility Edison SpA is interested in taking part in the privatization of Greek natural gas company DEPA, said its Chief Executive Umberto Quadrino yesterday. In an interview with Reuters, Quadrino said Edison’s priority with regard to its foreign interests was Greece, where the company is already a power operator through its joint venture with Hellenic Petroleum

Russian Sea Ports January-May Throughput Up 5.3%

Russian Sea Ports January-May Throughput Up 5.3%

Russia's sea ports handled a total of 193.4 million metric tons of cargo in the first five months of the year, an increase of 5.3% compared with January-May 2008, according to the figures released Monday by the national association of sea ports.

Iran Pres Delays Russia Summit Visit To Tue

Iran Pres Delays Russia Summit Visit To Tue

Iran's President Mahmoud Ahmadinejad has put off a planned visit Monday to a summit in Russia until Tuesday after his disputed election victory, an Iranian delegation source said.

Russias Medvedev: Global Econ Crisis Not Yet Over

Russia's Medvedev: Global Econ Crisis Not Yet Over

The global economic crisis hasn't been resolved, Russian president Dmitry Medvedev said, but it has prompted Russia to work harder to diversify its economy, the RIA Novosti news service reported Monday.

Italys Eni To Boost Gas Imports From Libya

Italy's Eni To Boost Gas Imports From Libya

Italian oil and gas company Eni SpA (E) will soon boost its natural gas imports from Libya to at least 10 billion cubic meters a year from the current 8 billion, business daily Il Sole-24 Ore reports Sunday.