Oil and Gas Industry Latest News

03.06.2014 Ukraine imports 167 mn cubic meters of gas from EU in May

Ukraine in May 2014 imported around 167 million cubic meters of gas from Europe via Poland and Hungary, according to data from a study of gas transport system operators in Hungary and Poland - FGSZ Ltd, and Gaz-System S.A, Interfax reported on June 2.

03.06.2014 Ukraine takes 3.2 billion cubic meters of Russian gas in May

Ukraine's state-owned Naftogaz took 3.2 billion cubic metres of gas into underground storage in May, says the European association of storage operators, Gas Storage Europe (GSE), ITAR-TASS reported on June 2.

03.06.2014 Ukraine’s stance on gas debt may complicate EU financial aid – unnamed diplomat

Ukraine’s tough stance on repayment of its gas debt to Russia may complicate prospects for financial aid from Europe, a diplomat from a Western European country told ITAR-TASS on June 2 ahead of trilateral gas talks between Russia, the EU and Ukraine in Brussels.

03.06.2014 Gazprom mulls gas price cut for Ukraine

Russia’s gas giant Gazprom and Ukraine’s energy company Naftogaz Ukrainy will consult with their governments a supply price of U.S.$ 350-380 per 1,000 cubic meters, a medium price between $268.5 and $485 Kiev used to pay, E.U.

03.06.2014 Azerbaijan plays central part in contributing to global energy supply - Obama

Azerbaijan plays a central part in contributing to the global supply of energy, and over the next two years will become a major supplier of gas to Europe, U.S. President Barack Obama's message says, Trend reported on June 3.

02.06.2014 Russia’s Gazprom ready to reduce gas price for Ukraine

Russian energy giant Gazprom is prepared to reduce the gas price for Ukraine’s Naftogaz not only through a lower export customs duty, Gazprom CEO Aleksey Miller told reporters on May 2, ITAR-TASS has reported.

02.06.2014 Belarus raises oil export duties

From 1 June 2014 Belarus raised export duties on oil and oil products exported outside the customs territory of the Customs Union, BelTA said on June 2.

30.05.2014 Ukraine’s former minister banished from shale gas

The Lvov regional council has excluded the intermediary firm SPK-Geoservis from the agreement on shale gas development in the Olesskaya area by Chevron, the chairman of the council’s commission for environment, Oleksy Balytsky, told a round table on May 27, Ukrinform rep

30.05.2014 Lithuania agrees lower prices with Gazprom

Lithuania’s major gas distributor Lietuvos Dujos has signed an agreement with Russian gas giant Gazprom to cut supply prices, the company said in a statement on May 29 without disclosing the prices, Prime has reported.

30.05.2014 Belarus, Russia agree on oil supplies, export duties

Belarus and Russia have agreed on the amount of oil supplies and the new order of paying export duties on oil products. The relevant documents were signed in Astana on 29 May, BelTA has learned.