Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister. Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime soon” because the world’s appetite […]

And the expected reserves of natural gas considering the shelf of the Caspian Sea are estimated at about 8 trillion cubic meters. A working meeting of the chairman of the managing board of OAO Gazprom Alexey Miller and the Minister of Oil and Gas of the Republic of Kazakhstan Sauat Mynbayev took place in Moscow. […]

In the period from January to June 2012 Ukraine reduced the import of natural gas from the Russian Federation by 55% against the same period of last year – to 16 billion cubic meters. Such update was publicized today by Ukrtransgaz company. The press-service of the enterprise points out that in the first half-year period […]

According to the current data, the transit of natural gas via the territory of Ukraine to the countries of Western Europe in the period from January to May 2012 has dropped by 24.31% compared to the same period of 2011 – to 37.008 billion cubic meters, the operator of the Ukrainian gas transportation system – […]

The Ukrainian national joint stock company Naftogaz has transferred to Gazprom about 682 000 000 US dollars as a payment for the natural gas obtained from Russia in April 2012. The press-service of Naftogaz specifically emphasizes the price of one cubic meter of the volatile fuel, which in the second quarter of 2012 equals 425$. […]

The head of the Cabinet of Ministers of Ukraine Mykola Azarov said on May 7 that his country, which is at present fully dependent on the Russian gas deliveries, may in perspective increase its domestic production of the natural fuel from twenty billion cubic meters to sixty billion cubic meters. This was declared by Mykola […]