Speaking after talks with his Ukrainian counterpart Yulia Tymoshenko late Thursday, Russian Prime Minister Vladimir Putin said the two countries had reached a compromise deal on the thorny issue of gas supply.
Energy issues are expected to top the agenda at an EU-Russian summit in Stockholm on Wednesday as Europe seeks to avoid the interruptions in the supply of Russian natural gas that it saw last winter.
Energy issues are expected to top the agenda at an EU-Russian summit in Stockholm Wednesday, as Europe hopes to avoid a repetition of last winter's Russian natural gas flow stoppage.
Russian Prime Minister Vladimir Putin has issued a fresh warning to Ukraine over its alleged siphoning of gas from pipelines bound for Europe. Last winter Moscow cut gas supplies to the continent for two weeks in a dispute with Kiev.
Ukrainian President Viktor Yushchenko is fighting a desperate battle. His popularity at home has plummeted over his handling of gas disputes with Russia, and Moscow is ratcheting up the pressure ahead of a January presidential poll.
Energy giant BP has signed a deal with Jordan to explore for natural gas reserves in the Risheh field near the border with Iraq in an investment that could reach billions of dollars.
Energy group Chevron has made a major offshore natural gas discovery off Western Australia, boosting the potential of the Gorgon project which is due to begin supplying natural gas to much of Asia from 2014.
While Russia dominates in the production and distribution of natural gas, the EU is trying to look away from Moscow to diversify in terms of its energy security and be less dependent...
Stepping off the red carpet at the Venice film festival, Venezuelan President Hugo Chavez heads for Belarus on Tuesday on his counter-current world tour to rally countries into forming a new natural gas cartel.
Australia has approved the construction of a massive gas complex off Western Australia. The project is piloted by Chevron, and ExxonMobil will supply gas from the plant to China and India under contracts worth more than 60 billion dollars.
