Gazprom

Gazprom has initiated natural gas supplies to Hungary and Croatia over the new route using the TurkStream gas pipeline, the Russian gas holding said on Friday.

Bulgaria's Bulgargaz has struck a deal to buy 1.5 million megawatt hours of natural gas from Greece's Public Gas Corporation (DEPA), the first time the state provider has bought gas outside its long-term contract with Russia's Gazprom.

Over the past week, Gazprom has recorded absolute record-breaking gas exports thanks to the cold weather in Europe. The low temperatures and depleted stocks of European gas storage facilities at the end of winter led to an increase in gas prices on the spot market by more than 30%. The forecast for the new week is for more cold weather.

Gazprom Neft said on Monday that it had obtained the right to use subsoil of two gas fields in Serbia.

"Two permits were obtained to use the subsoil of Rusanda Plitko and Martonos West in Serbia," the company said, cited by the TASS news agency.

Russia?s Gazprom has canceled a contract with Italian oil and gas contractor Saipem to build the first line of ?South Stream,? a project to build a gas pipeline beneath the Black Sea, the Russian gas company said in a statement on July 8.