Nord Stream

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Nord Stream AG

Gazprom Neft, OMV to work together in Iran under MoU

Russia's Gazprom Neft and Austria's OMV will work together in Iran's oil sector under a memorandum of understanding, OMV said on June 2.

"Preliminary possible spheres of cooperation include analysis, assessment and study of certain oil deposits located in the territory of the Islamic Republic of Iran in cooperation with the National Iranian Oil Company (NIOC)," OMV said.

Gazprom to invest around $703 million in Turkish Stream pipeline this year

Gazprom's investments in gas midstream will grow by 6.8 percent year-on-year to 911.2 billion rubles ($15.3 billion), including the Turkish Stream project, the Russian gas holding said on Jan. 19, as reported by TASS. 

Investments in the Turkish Stream project will total 42 billion rubles ($702.7 million) in 2017, according to the report. 

Gazprom Puts Forward New South Stream Route

Russian energy giant Gazprom has tabled a new option to revive the South Stream pipeline, local media report.

Alternative routes are being studied for South Stream and Nord Stream II which would possibly use private funding, instead of counting on EU support, Vesti Finance quotes Andrey Konoplyanik, adviser to the head of Gazprom Export, as saying.