Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey

Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.

After last year’s plunges in oil and the ruble, Russian President Vladimir Putin now has another thing to worry about: the price of natural gas.

Russia announced state aid for a major energy project on Wednesday under a drive to shore up strategic firms as well as public faith in its banking system during an economic crisis deepened by Western sanctions.

Russian-Chinese energy partnership gaining momentum

RWE is seeking to insert safeguards into a €5.1bn contract to sell North Sea gasfields to a Russian billionaire that would ensure the assets remain operational in the event of further sanctions.

Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed.

GAZPROM PURCHASES PARTNER INTERESTS IN SOUTH STREAM OFFSHORE ENTITY

The Gazprom Board of Directors took notice of the information about the Company’s preliminary operating results for 2014, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2016–2017.

Over and over again, they keep insisting on their Third Energy Package, which the Russian leaders refer to as ‘a very harmful document’, and want Gazprom to unbundle its gas supplying, transporting and marketing businesses; share pipeline space with other gas producers; obey independent regulators and transmission operators; and drop manipulations with prices.