Sergey Kupriyanov

Russia Sets Up Company For Construction Of Pipeline To Turkey

The Russian state company Gazprom will set up a company for the construction of a gas pipeline to Turkey, a week after Russia's President Vladimir Putin announced the cancellation of the South Stream pipeline.

According to Sergey Kupriyanov, spokesperson of Gazprom, quoted by Gazeta.ru, the company will be named Gazprom Russkaya and will be registered in Saint Petersburg.

Russia Confirms Receiving First Tranche of Ukraine Gas Debt Payment

Russian gas giant Gazprpom on Wednesday confirmed receiving the first tranche of payment for past deliveries from Ukraine's Naftogaz. 

The payment opens the way for resumption of Russian gas supplies to Ukraine under an agreement between Moscow and Kiev reached last week in Brussels.