Russia’s bid for Turkish Stream pipeline may open the gates to the competition it most fears

China and Russia will seal an agreement later this year on piped gas from Western Siberia, China’s foreign minister said on Sunday, a deal that will continue Russia’s economic shift towards Asia and away from Western Europe.

The European Union should share the cost of filling Ukraine’s natural-gas storage if it wants to prepare for worst-case scenarios next winter, the country’s energy minister said in an interview, highlighting a potential clash in coming negotiations between the EU, Kiev and Moscow.

While many may be counting on US LNG as an alternative solution to solve the diversification dilemma in Europe, Sergei Komlev, Head of Contract Structuring and Price Formation Directorate, Gazprom Export, says "not so fast."

The strategic task of the European Union's Energy Union is to diversify sources and delivery routes of energy in order to guarantee energy security for the EU and make energy prices controllable

At the very beginning of developing the region’s life in the early 1970s, the Government turned to the British National Oil Corporation (BNOC) and the partly state-owned British Petroleum to kick start oil production offshore of Aberdeen.

Spain has welcomed a new agreement to connect its energy network with those in Portugal and France as a major step toward breaking Europe's dependence on Russian gas supplies.

Russian billionaire Mikhail Fridman began building an international energy company on Monday, closing a €5.1 billion ($5.7 billion) purchase of German utility RWE AG ’s oil-and-gas business over British opposition that could force the sale of the unit’s U.K. assets.

Russian billionaire Mikhail Fridman said on Monday he would buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.

Russia may sign an intergovernmental agreement on the Turkish Stream gas pipeline in the 2nd quarter of 2015.