Following the cancellation of South Stream, Russia announced its plans to reroute the pipeline to Turkey, instead of Bulgaria. The new pipeline was dubbed Turkish Stream, with same capacity of South Stream, but less vulnerable to EU competition law.
Oil prices fell on January 13, 2017 and were on track to end the week lower on lingering doubts over the extent of Opec cuts, with sentiment worsened by concerns over the economic health of the world's 2nd-largest oil consumer China after it reported the steepest falls in overall exports since 2009.
16 January 2017 , 00:10Neftegaz.RU1740
Turkmenistan's reported decision to cut gas supplies to Iran highlights 2 massive issues: the country's lack of hard cash and the problems of a landlocked producer trying to sell its gas in a buyer's market.
09 January 2017 , 00:15Neftegaz.RU2040
It's pointless to list the obvious. For oil and gas, pundits know that things like OPEC compliance, U.S. rig counts, pipeline angst, and Chinese consumption are on a long list of standard items that are obligatory to parse from our cluttered news feeds.
26 December 2016 , 13:49Neftegaz.RU1950
ONGC Videsh Ltd has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15% stake in Russia's 2nd biggest oil field Vankor, its Managing Director Narendra K Verma said.
19 December 2016 , 12:30Neftegaz.RU1850
Japan's crude oil imports dropped to 3.055 million barrels per day in October, down by 5.6 % from September, the Petroleum Association of Japan (PAJ) reported on December 10, 2016.
12 December 2016 , 01:28Neftegaz.RU2300
Israeli Ambassador to Azerbaijan announced that his country was «considering the possibility to transport its natural gas to Europe via the Trans Anatolian Natural Gas Pipeline (TANAP) through Turkey.»
05 December 2016 , 00:04Neftegaz.RU2890
Last month, Naftogaz potentially lost $700m/year from the $1.7bn transit revenue it received in 2015 from Gazprom for transiting 64.1 bcm. With the intergovernmental agreement between Russia and Turkey, the 17 bcm/y currently transiting Ukraine for Turkey could well disappear from 2020.
28 November 2016 , 10:39Neftegaz.RU2510
Coal was meant to help build Siberia and the Far East. Russia's national energy strategy of 2012 aimed to match Soviet levels of coal production by 2030, increase coal power generation to free up natural gas for export, and expand coaling capacity at ports.
21 November 2016 , 00:01Neftegaz.RU3190
An unlikely coalition is emerging in Germany between Chancellor Angela Merkel's conservative Christian Democrats and the opposition Greens. Increasingly, leading members of both parties want to stop the construction of a second pipeline that will transport gas directly from Russia to Germany under the Baltic Sea.
14 November 2016 , 00:35Neftegaz.RU3900
Russian natural gas will at the very least remain at a steady level in the European market, though some level of growth is likely, Gazprom Deputy Chairman Alexander Medvedev said.
07 November 2016 , 00:05Neftegaz.RU3330
Gazprom is on the verge of striking a deal with EU regulators to settle a half-decade old dispute over natural gas pricing, and the resolution could change the way Gazprom does business and lead to lower gas prices for much of Eastern Europe.
31 October 2016 , 00:06Neftegaz.RU3610
While Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, oil and natural gas companies have actually increased investments or only seen modest declines, according to the EIA.
24 October 2016 , 00:21Neftegaz.RU3610
Analysts have spent the days following the loose Algeria output cap deal predicting that prices will stay in the doldrums for the foreseeable future; but the founder of Andurand Capital Management thinks crude will reach $60 per barrel over the next 3 months and $70 next year due to the agreement.
17 October 2016 , 00:42Neftegaz.RU3360
Oil and gas producers have worked diligently to reduce the cost of their operations following the fall in crude oil prices at the end of 2014.
10 October 2016 , 00:05Neftegaz.RU3900
China used to call Russia its older brother. But never again since the fall of the USSR. In an effort to portray its status as a less powerful yet assuredly more senior neighbour, Russian officials have recently begun referring to their country as China's elder sister. The new term has proven less popular in China.
04 October 2016 , 00:31Neftegaz.RU3990
For many oil companies, the current downturn in oil is a back-breaker, but some have adapted to the falling prices and are fighting to survive and benefit from the higher oil prices that lay at the end of this dark tunnel.
26 September 2016 , 01:48Neftegaz.RU3810
Since the collapse of the Soviet Union there has been a debate over the legal status of the Caspian Sea: Is it a sea, or is it a lake? And to whom does it belong?
19 September 2016 , 00:39Neftegaz.RU3960
China has been increasing oil imports and feasting on the low crude oil prices. Could Russia and Saudi Arabia's plan to stabilize crude oil prices cut into China's oil hoarding plans?
12 September 2016 , 13:11Neftegaz.RU3750
In the face of the conflicting claims of Denmark and Russia concerning the North Pole, Russia suggested reaching a delimitation agreement with Denmark.
12 September 2016 , 00:55Neftegaz.RU4310