Gazprom is working with Serbia to kickstart construction works of the local leg of the South Stream project, with newspapers reporting that the operations could start as soon as in October.

Energy ministers from Russia and several countries in Central & Eastern Europe (CEE), chamber of commerce heads and other high level speakers gathered in Budapest, Hungary on 16 September to grapple with energy security issues at the Gas Dialogues event Development and Use of Natural Gas in the Danube Region: Prospects and Opportunities.

Efforts to reach a peace deal between Ukraine and Russia continue. But western businesses are finding themselves hit increasingly hard by Russia-related sanctions – from both sides.

AAPG ICE: Seismic reprocessing enhances potential for Russia’s legacy basins

Third High-Level Meeting of the OPEC-Russia Energy Dialogue

Russia playing games with gas supplies to spread concern

Russian oligarch Yevtushenkov placed under house arrest

Russia is the second-largest producer of dry natural gas and third-largest liquid fuels producer in the world. Despite its significant reserves of coal, it produces only modest amount of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and gas revenues account for more than 50% of the federal budget revenues.

Former BP chief warns on Russia sanctions

Gazprom Neft looks to alternative suppliers to sidestep sanctions impact