Romania to boost energy cooperation with Gazprom

2010-02-22T08:13:55Z

&lt;div&gt;&lt;p&gt;Romania plans to boost cooperation with Russian energy giant Gazprom, which has invited it to join in the South Stream project, Romanian Economy Minister Adriean Videanu said Friday.&lt;/p&gt;&lt;p&gt;Talks with Gazprom vice-president Gazprom reports profit drop of one-third for Jan-Sept amid sharp decline in sales</div><div><p>Russia's natural gas monopoly OAO Gazprom said Monday its profit for the first nine months of last year fell more than one-third compared with a year earlier.</p><p>A company statement said net profit for...

Oil executives talk up shale gas at Davos

2010-02-22T13:49:21Z

<div id="subtitle">Oil executives in Davos point to 'game changing' role of natural gas found in shale rock</div><div><p>New reserves of natural gas found in shale rock are a "big deal" and a "game changer."</p><p>That's the message Thursday from oil company executives at the World Economic Forum in a...

Gazprom frets about surge in US gas production: report

2010-02-22T14:55:18Z

<div><p>Russian energy giant Gazprom is concerned about losing markets due to a surprise surge in US gas production driven by new extraction techniques, the Kommersant daily reported Tuesday.</p><p>The state-controlled firm is reconsidering its strategy in light of the US "revolution" in shale gas extraction, Kommersant said, citing a c...

Ukraine PM denies cash shortage for Russian gas bill

2010-02-23T11:05:39Z

<div><p>Ukrainian Prime Minister Yulia Tymoshenko on Saturday denied accusations by Russian gas export giant Gazprom that Kiev may not be able to pay its energy bill this month due to a cash crunch.</p><p>"We -- Ukraine -- are clearly and...

Ukraine facing 'serious problems' paying for gas: Gazprom

2010-02-23T11:19:35Z

<div><p>The head of Russian gas giant Gazprom said Friday that Ukraine had cut back on purchases of Russian gas since mid-December and appeared to be facing serious cash problems.</p><p>"Ukraine is experiencing serious problems with payment," Alexei Miller said on

Turkmenistan to resume gas supplies to Russia: Gazprom

2010-02-23T12:40:26Z

<div><p>Turkmenistan agreed Tuesday to resume gas exports to Russia after an eight month stoppage that strained relations and raised questions on Moscow's sway in the energy-rich state, officials said.</p><p>"We are planning to begin supplies from January 1, 2010 but no later than January 10," the d...

Four new profit routes emerge in Russian oil

2010-02-23T12:47:13Z

<div id="subtitle">These stocks will benefit from protection under its laws</div><div><p>MOSCOW - Sergei Kudryashov likes pizza, poker and American jazz. He's also deputy head of the Russian Ministry of Energy (Minenergo) an...

Untapped energy riches of Uzbekistan

2010-02-24T02:32:54Z

<div id="subtitle">Natural gas reserves estimated at 1.798 trillion cubic meters</div><div><p> While many Western investors remain fixated on somehow acquiring a slice of Turkmenistan’s natural gas riches, despite a recent scandal over the country’s actual reserves, there is another country further east whose energy and mineralogical reserves have been overlooked – Schalke 04 have signed a five-year extension to their sponsorship deal with Russian firm Gazprom worth 100 million euros which looks to have eased the German club's cash problems, it was reported Saturday.</p><p>Last month it was revealed the Gelsenkirchen-based clu...

FROM RUSSIA WITH NOT A LOT OF LOVE

2010-02-24T02:58:14Z

<div><h1>FROM RUSSIA WITH NOT A LOT OF LOVE </h1><p>Just how tough is Gazprom? As the world's biggest supplier of natural gas, the Russian company has a reputation for hard-nosed bargaining. So when John Hattenberger, chief of the company's new U.S. operation, h...

Gazprom 1H profit halved on sinking demand

2010-02-24T07:59:46Z

<div id="subtitle">Russia's Gazprom sees earnings halved in 1H on lower prices, sinking demand</div><div><p>Russia's Gazprom saw its earnings halved in the first six months of the year due to lower natural gas prices and sinking demand in Europe, while overall debt jumped nearly a third, the company r...

Gazprom profits plunge 49.8%

2010-02-24T08:00:19Z

<div><p>Russian energy giant Gazprom, the world's biggest gas firm, said on Monday that net profit plunged 49.8 percent in the first half of 2009 compared to the figure 12 months earlier owing to higher expenses.</p><p>Half-year profits fell to 305.8 billion rubles (10.6 billion dollars), compared to 609.4 billion rubles (21 billion dollars) in the first six months of 2008, the company s...

Gazprom first-half profits plunge 49.8pct: company

2010-02-24T08:03:40Z

<div><p>Russian energy giant Gazprom, the world's largest gas firm, said Monday its net profits plunged 49.8 percent in the first half of 2009 compared to a year earlier due to higher expenses.</p><p>Half-year profits fell to 305.8 billion rubles (10.6 billion dollars), compared to 609.4 billion rubles (21 billion dollars) in the first six months of 2008, the company said in a statement....

Gazprom expects Europe to pay for unused gas

2010-02-24T14:22:10Z

<div><p>Russian gas giant Gazprom on Monday warned European customers it expects them to buy as much gas as they are obliged to purchase under their contracts.</p><p>The Wall Street Journal had reported Monday, citing a source close to Gazprom, that the company's largest European customers owe Gazprom about 2.5...

Russian giant Gazprom eyes US market

2010-02-24T15:28:13Z

<div><p>Russia's Gazprom dominates gas markets in Europe and swathes of Asia, but it now wants to grab 10 percent of the US market within a decade, its top US manager said.</p><p>The world's largest natural gas company wants to replicate some of its success in <...

Russia, China say will work on financial crisis

2010-02-24T19:12:24Z

<div id="subtitle">Russia, China call on regional security group to combat global financial crisis</div><div><p>China, Russia and other members of a regional security group pledged Wednesday to work together to combat the global economic crisis and find ways to increase cooperation on financial issues.</p><p>A document signed at...

Gazprom strikes preliminary gas deal with China

2010-02-24T19:45:06Z

<div id="subtitle">Energy-hungry China looks for gas in striking trade deals with Russia</div><div><p>China and Russia signed a framework agreement Tuesday that could see a steady flow of natural gas to energy-hungry China from its resource-rich neighbor.</p><p>It was one of numerous trade and military agreements signed during a...

Mass rally in St Petersburg against skyscraper plan

2010-02-24T20:33:21Z

<div><p>Around 3,000 Russians held an angry protest Saturday against a controversial plan by state-run energy giant Gazprom to build a huge skyscraper in the country's former imperial capital.</p><p>Demonstrators held signs saying "Gazprom go home" and "History is worth more than money" at the rally in central Saint Petersburg, ...

Russia St Petersburg Skyscraper

2009-10-10T06:45:15Z

FILE -- In this Nov. 2006 file photo, officials look at a model of the Gazprom's skyscraper at an exhibition in St. Petersburg, Russia. Governor of Russia's second city of St. Petersburg, Valentina Matviyenko, signed a decree Tuesday allowing the construction of a hul...

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