Gazprom

Russian officials reacted to the order of Bulgaria's PM Oresharski to temporarily suspend the construction of the South Stream pipeline in Bulgaria until it complies with EU law.

Moscow, Kiev and Brussels will restart talks on Russian gas supplies today to try to resolve a dispute over price, a Russian energy ministry official said June 8.
 

Ukraine's GDP is expected to go down 5% this year, Prime Minister Arseniy Yatsenyuk announced at a parliamentary session.

Yatsenyuk added the growth forecast depended largely on the developments yet to be seen in Eastern Ukraine. But regardless of events there Kiev would not meet its 2014 budgetary target of a 3% increase this year.

"No plans to delay South Stream" - minister

BELGRADE -- Mining and Energy Minister Aleksandar Antić has said there are "no plans to delay the building of the Serbian leg of the South Stream natural gas pipeline."

BELGRADE - The matter of compliance of existing South Stream agreements with the EU laws is addressed in the dialogue between Gazprom and the European Commission, and in case some of the signed documents need to be amended, Serbia will act in line with the agreement and the actions of other countries hosting the gas pipeline, Tanjug learned at the Ministry of Energy and Mining on Wednesday.

Gazprom plans to export 158.4 billion cubic meters (bcm) of gas this year to Europe, including Turkey, down from 161.5 bcm shipped in 2013, the state-controlled company said on June 3.

Gazprom added that the average gas price it was charging its clients in Europe, including Turkey, was $387 per 1,000 cubic meters last year.

Russian energy giant Gazprom has lowered its projected gas deliveries to Europe this year.

The company plans to export 158 bcm of gas to Europe and a combined 56 bcm to the Baltics and the Community of Independent States (CIS), compared to 2013's 161 bcm and 59.4 bcm, respectively, as the Russian website Lenta.ru reports citing data from the company.

Russia's energy giant Gazprom has decided to give Ukraine an additional week for its gas payment, setting June 9 as a new deadline.

Gazprom CEO Alexey Miller announced the move after the company received USD 786 M, the first tranche of the USD 2.237 B sum Kiev is to transfer for gas supplies within the coming days, RIA Novosti reported.

Crisis-hit Ukraine won a vital reprieve from Russia on Monday when Moscow pushed back until next week a possible cut in gas shipments that would also impact parts of Europe.
      

Russia's Gazprom has pushed back to June 9 its ultimatum to Ukraine on imposing pre-payment for gas after Kiev paid $786 million in arrears, chief executive Alexei Miller said Monday.