Gazprom

SAINT PETERSBURG/BELGRADE - Gazprom has filled the underground gas storage facility in Banatski Dvor, northern Serbia, to capacity and it now contains 450 million cubic metres of gas as an additional guarantee of the security of Russian gas exports to Serbia, Hungary and Bosnia and Herzegovina during the approaching winter.

Russia's state-owned energy concern Gazprom could increase gas flow to China by 100 billion cubic meters on a yearly basis in the near future, CEO Alexey Miller said Tuesday.

"It was not long ago that we entered this marked by signing a very profitable contract under which we will have USD 400 B in thirty years. But this is just the beginning," ITAR-TASS quoted Miller as saying.

Russian gas supplies to Romania on Wednesday declined by 18 percent compared to the normal quantities, Minister-delegate for Energy Razvan Nicolescu told AGERPRES.

Serbia looks to pay Gazprom debt with stake in company

MOSCOW -- Serbia may pay its debt to Russian gas giant Gazprom by giving it a stake in petrochemical company HIP-Petrohemija, Foreign Minister Ivica Dačić has said.

He spoke to reporters in Moscow on Tuesday, the Russian news agency TASS reported.

The South Stream gas pipeline is not a priority in the EU's energy strategy, according to Federica Mogherini, the incoming EU High Representative for Foreign Policy and Security Policy.

Mogherini, as cited by ITAR-TASS, commented on the gas pipeline project during her hearing at the European Parliament on Monday.

By Chryssa Liaggou

Greece’s Public Gas Corporation (DEPA) is waiting for the prime minister’s nod to reopen negotiations with Russian energy giant Gazprom on the issue of the rates at which Greece is charged for natural gas.

Three EU member states have reportedly shipped 1.7 billion cubic meters (bcm) of Russian gas to Ukraine this year via reverse flow - a practice Gazprom doubts is legal.

Russian natural gas producer Gazprom said it has agreed with Turkey to increase the capacity of the Blue Stream underwater gas pipeline

NOVI SAD - Srbijagas Director Dusan Bajatovic stated on Friday that he expects the works on the construction of the South Stream pipeline section through Serbia to begin in late October or early November.

Hungary's gas operator FGSZ suspended natural gas supplies to Ukraine for an indefinite period of time, Thursday.

Ukraine has been receiving gas from Hungary, Poland and Slovakia since Russia cut off supplies to Ukraine in June in a dispute over unpaid bills.

Ukraine's state-owned gas firm, Naftogaz, called the move "unexpected and unexplained", the BBC reports.