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Russia, Ukraine Restart Talks over Natural Gas Prices Dispute

Russia, Ukraine Restart Talks over Natural Gas Prices Dispute

The Presidents of Russia and the Ukraine conducted a telephone conversation late Wednesday night at Ukraine's initiative. Russia's President Dmitry Medvedev has pointed out that it was not Moscow who terminated the negotiations, and that Russia was ready to resume them any time, according to the statement of the Kremlin press service as quoted by ITAR-TASS.

Balkan countries hit hard by Russian cessation of natural gas supplies

Balkan countries hit hard by Russian cessation of natural gas supplies

Thousands of Bulgarians spent a freezing night without central heating, and some companies and schools did not operate yesterday after Russian gas supplies were halted to Southeastern Europe. About 12,000 households in Bulgaria's third-largest city of Varna, on the Black Sea, and 3,800 in the northeastern town of Razgrad have been left in the cold because utilities need time to switch to alternative fuels, municipal officials said.

Household Gas Supplies not at Risk from Dispute

Household Gas Supplies not at Risk from Dispute

Greek households face no immediate problems in receiving gas supplies after a halt in Russian pipeline deliveries, gas company DEPA said yesterday. Russian gas supplies to Bulgaria, Turkey, Greece and the Former Yugoslav Republic of Macedonia were cut at the Ukrainian-Romanian border late on Monday following a price dispute between Russia and Ukraine.

EU Looks To Alternative Sources Of Natural Gas

EU Looks To Alternative Sources Of Natural Gas

As Europe counts the cost of Russia's latest gas shut-off, there are signs it could give a boost to alternative sources of gas that currently play a minor role in the Continent's energy balance.

Iraqs 2008 Crude Oil Exports Up 13.5% On 2007

Iraq's 2008 Crude Oil Exports Up 13.5% On 2007

Iraq's crude oil exports averaged 1.85 million barrels a day in 2008, some 13.5% more than in 2007, the head of the country's State Oil Marketing Organization, or SOMO, said Wednesday.

Gas Crisis Freezes Economies In Balkans, Turkey

Gas Crisis Freezes Economies In Balkans, Turkey

Southeastern Europe, already in the clutches of the global credit crunch, is likely to pay the highest price for the spat between Russia and Ukraine over gas deliveries.

EUs Solana In Turkey For Gaza Talks

EU's Solana In Turkey For Gaza Talks

European Union foreign policy chief Javier Solana was in Turkey Thursday for talks on the Gaza conflict and the situation in the region, the Turkish foreign ministry said.

Russia, Ukraine Gas Chiefs Hold Talks On Gas Crisis

Russia, Ukraine Gas Chiefs Hold Talks On Gas Crisis

The heads of Russia's OAO Gazprom (GAZP.RS) and Ukraine's state gas company Naftogaz held talks in the Russian capital overnight Thursday on ways to end their gas crisis, news reports said, the first time they met since Moscow cut gas to Kiev.

Czech PM: EU To Push For Nord Stream, South Stream, Nabucco

Czech PM: EU To Push For Nord Stream, South Stream, Nabucco

Czech Prime Minister Mirek Topolanek said Wednesday that the European Union will push for diversifying gas shipment routes in future as transit via Ukraine poses an energy security risk for the E.U.

Norway Oil Body Warns On Invest, Says Drilling Up On Yr In 08

Norway Oil Body Warns On Invest, Says Drilling Up On Yr In 08

Oil and gas exploration well drilling in Norway rose 75% in 2008 versus 2007, with just under half of the 56 wells drilled yielding a discovery, the country's petroleum directorate, or NPD, said Thursday, as it warned that dramatically lower oil prices present a challenge for investment.

Italy Has Gas Stockpiles Sufficient For 2 Months

Italy Has Gas Stockpiles Sufficient For 2 Months

Italy holds sufficient natural gas stockpiles to meet demand for the next two months, although the current price dispute between Russia and Ukraine is a "difficult" one, Industry Minister Claudio Scajola said Thursday.

Gazprom:No Monitoring Deal On Gas Dispute Because Of Ukraine

Gazprom:No Monitoring Deal On Gas Dispute Because Of Ukraine

LONDON (Dow Jones)--Russia's gas monopoly OAO Gazprom (OGZPY) said late Thursday that despite the efforts of the European Commission, there has been no agreement on multilateral monitoring to help solve the gas crisis, and it blamed Ukraine for failing to sign the deal

Russian Gas Deliveries To Europe Halted As Bitter Cold Bites

Russian Gas Deliveries To Europe Halted As Bitter Cold Bites

All deliveries of Russian gas through Ukraine were halted on Wednesday, officials from both sides said, amid growing prospects European consumers could suffer from the crisis amid freezing weather.

Iraqs 2008 Crude Oil Exports Up 13.5% On 2007

Iraq's 2008 Crude Oil Exports Up 13.5% On 2007

Iraq's crude oil exports averaged 1.85 million barrels a day in 2008, some 13.5% more than in 2007, the head of the country's State Oil Marketing Organization, or SOMO, said Wednesday.