Russia and China to agree gas price via Eastern route in June
Russia's gas giant Gazprom expects to reach an agreement on the price of gas to be supplied to China via the eastern route in June, and sign a deal by the end of this year, Gazprom chairman Viktor Zubkov said in the full version of a TV interview with Rossiya 24 broadcast on Wednesday.
Shell says China approves shale deal, plans more drilling
China has approved a production-sharing contract with Royal Dutch Shell (RDSa.L) for the Fushun shale gas block in the southwestern province of Sichuan, with the global oil firm preparing to step up drilling activities in the country.
Pakistan states support for Turkmen gas
Pakistan views a planned natural gas pipeline from Turkmenistan as a key way to address its energy concerns, Pakistani President Asif Ali Zardari said.
Why is Iran Willing to Suffer Economic and Political Isolation just for Nuclear?
In the past year, tensions surrounding Iran’s nuclear ambitions reached unprecedented levels, verging on war. With Israel assigning a “red line” for Iran’s proliferation efforts, the world nervously awaited for a likely Israeli air strike on suspected Iran’s nuclear sites—with all of its enormous political and economic consequences.
EU threatens cut-off, talks with Russia continue
CYPRUS’S finance minister pleaded with Russia for help on Wednesday to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash.
Ukraine Looks to Turkmenistan to Solve Its Energy Security Challenges
On February 12, Ukrainian President Victor Yanukovych paid a three-day visit to gas-rich Turkmenistan to sign a memorandum of understanding on energy cooperation and reiterate Kyiv’s interest in resuming direct imports of the Central Asian country’s natural gas, which were suspended in 2006 (Interfax-Ukraine, February 14).
Kazakhstan Blackmails Russia over Gas Supplies
Kazakhstan could divert its natural gas supplies from the largest deposit in Karachaganak to China if it fails to sign a contract with Russia.
Turkmenistan plans production at big gas field
Turkmenistan aims to start production by July at the Galkynysh natural gas field, the world's second largest, said its minister of oil and gas as the country seeks to boost exports of the fuel and diversify its markets.
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