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Serbia's Deputy PM Opposes Gazprom Pocketing Entire Profit of NIS
The authorities in Belgrade have opposed the practice of Russian Gazprom, owner of a 56% stake in Naftna Industrija Srbije (NIS), pocketing the entire profit of the company.
Aleksandar Vucic, First Deputy Prime Minister of Serbia, noted that the company had reached a profit of EUR 380 largely thanks to Serbian oil, not extraordinary managerial achievements.
South Stream 'Could Have Crimea Threads'
Part of the South Stream gas pipeline could pass through Crimea, according to some Russian media reports confirmed by Bulgaria's Deputy Economy Minister.
Business outlet RosInvest has suggested that Gazprom would consider the move once the situation in Ukraine de-escalates.
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Ukraine Unwilling to Accept New Gas Prices
Ukraine's acting Prime Minister Arseniy Yatsenyuk says his country does not accept the new prices for gas introduced by Russia.
This week, Russian energy giant Gazprom announced a major price hike for delivery of gas to Ukraine, up to USD 485 per 1000 cubic meters from the previous USD 268.
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Siemens to Provide Equipment for Part of South Stream
Germany's concern Siemens is to provide the electrical systems and control and measurement apparatus for the offshore section of the South Stream.
Ukraine 'Ready to Receive' Loan from Russia
Ukraine is ready to accept a loan from Russia in order to pay its debt to Gazprom, the country's Energy and Coal Industry Minister Yuriy Prodan announced.
The event follows the statement of Gazprom's chief Alexei Miller, who insisted that Ukraine should "immediately" deliver on its liabilities to the energy giant worth USD 2.2 B (EUR 1.6 B).
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Russia Announces Second Gas Price Hike for Ukraine
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Bulgarian MPs to Discuss Provisions Favoring South Stream Gas Pipeline
Bulgaria's Parliament will hold a first-reading discussion of a set of amendments to the Energy Act concerning the South Stream gas pipeline project.
Ukraine to Raise Gas Prices by Half
Ukraine has agreed on a 50% increase of gas prices for domestic consumers.
Hike of gas bills is part of conditionality set by the International Monetary Fund (IMF) if Ukraine is to be granted an aid package.
State energy company Naftogaz reported that price changes will be into force from May 1, with more rises due to be made until 2018.
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Key South Stream Shareholder Doubts Its Future
The future of the South Stream pipeline is unclear and probably it will not be realized soon, said the head of the Italian company Eni, Paolo Scaroni.
Eni is one of the key shareholders in the project and holds 20% of its shares. Eni is the largest Italian gas company and the main distributor of gas from Russia's Gazprom in Italy.
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Ukraine to lose offshore gas fields in Black Sea
Ukraine to lose offshore gas fields in Black Sea
KIEV -- With the loss of Crimea, Ukraine has lost not only its naval bases in the territory, but also offshore gas fields in the Black Sea, reports said on Thursday.
These fields will now likely be taken over by Russia's oil and has giant Gazprom, AFP is reporting.
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