Gazprom

Russian Gazprom does not plan to buy a 1/4 share in Austrian oil and gas company OMV, Gazprom Deputy CEO Alexander Medvedev said Friday.

Medvedev thus refuted earlier claims that the state-owned energy concern was eyeing 24.9% of OMV and was in talks with the International Petroleum Investment Co (IPIC) in Abu Dhabi to purchase them.

Russian state-owned energy concern Gazprom has begun talks with Abu Dhabi representatives to acquire 24.9% of oil and gas company OMV, an Austrian lawmaker argues.

Russian Energy Minister Alexander Novak has expressed certainty that the problems surrounding the construction of the South Stream gas pipeline section in Bulgaria will be solved.

Russian concern Gazprom struck Monday an agreement with oil and gas company OMV on the construction of Austria's stretch of the South Stream gas pipeline.

The agreement was signed on Tuesday, the day of a visit by Russian President Vladimir Putin to Vienna where he meets Austrian counterpart Heinz Fischer.

Russia and Austria set up joint South Stream company

VIENNA -- Russia and Austria have agreed on a joint company to construct the Austrian arm of the USD 45 billion South Stream gas pipeline project, RT.com is reporting.

The pipeline will deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine.

Russian President Vladimir Putin is due to meet Austrian head of state Heinz Fischer in Vienna.

OMV and Gazprom officials are expected to seal deals on the South Stream pipeline during his visit, daily Die Presse reveals, citing high-profile sources.

Russian energy concern Gazprom has sold its assets in AB Lietuvos Dujos and AB Amber Grid, two Lithuanian gas utilities in each of which it had a 37.06% stake.

The deal was carried out on June 19, according to a message from the company quoted by Russian daily Vedomosti, with shares renounced by Gazprom purchased by state-controlled ventures.

MOSCOW - The Gazprom Neft management, headed by CEO Alexander Dyukov, and Russia's Minister of Energy Alexander Novak have presented in Moscow to Serbian Minister of Mining and Energy Aleksandar Antic development and investment plans for the Petroleum Industry of Serbia (NIS) aimed at making the company an energy leader in the Balkan region.

Vrdoljak told an energy conference in Zagreb on Tuesday that Croatia was preparing an international tender for onshore gas and oil exploration in addition to its current open tender for offshore exploration in the Adriatic Sea.

“There are 40 companies interested in the Adriatic seabed. By September, a lot of other prominent oil companies will come to Croatia,” he said.

Austrian Economy Minister Reinhold Mitterlehner has argued that the Russia-Ukraine gas dispute requires a political decision involving the EU.