Gazprom Warns of Possible Changes to Gas Prices for Europe

Gazprom's CEO Alexei Miller expects that the contract between Gazprom and China's CNPC could affect the gas prices for Europe, reports the Russian-language version of ITAR-TASS. 

“We suppose that the contract will affect the gas prices for the European market,” Miller said at the  St. Petersburg International Economic Forum on Friday.

Russia-China gas deal worth USD 400 billion over 30 years

Russia-China gas deal worth USD 400 billion over 30 years

SHANGHAI -- Russia’s Gazprom and China’s CNPC have agreed on a deal on natural gas supplies to China, Itar-Tass is reporting.

The document was signed on Wednesday in the presence of Russian President Vladimir Putin and Chinese leader Xi Jinping.

China, Russia Announce Historic Thirty-Year Gas Supply Deal

Russia's energy giant Gazprom and Chinese CNPC have signed a huge gas deliveries deal estimated at USD 400 B, following talks between state leaders.

The deal is expected to pump 1.14 trillion cubic meters of gas into China over the next thirty years and will provide some 38 bcm yearly, a fourth or fifth of what is delivered to Europe for the same period. 

Russia's Putin Eyes Gas Deal on Visit to China

Russia and China have marked "substantial progress" in talks over a deal which would secure one-fourth of China's gas supplies, Kremlin officials told Russian media.

Negotiations come as Russian President Vladimir Putin is on a visit to China for an international forum, but is also meeting Xi Jingping and explore ways to boost cooperation.

Europe's Gas Supplies 'Depend on Ukraine' - Russian PM

It is the stable situation in Ukraine that the security of Europe's gas deliveries will depend on, Russian Prime Minister Dmitry Medvedev said on Tuesday.

“If the Ukrainian market is stable and if Ukrainians fulfill all of their obligations, Europe will receive what it is entitled to in full,” Medvedev told Bloomberg TV.

South Stream Pipeline To Reach Bulgaria in End 2015

The South Stream pipeline will reach Bulgaria's coast in December 2015, said   Gazprom CEO Alexey Miller, quoted by ITAR-TASS. 

The first gas deliveries for Bulgaria, according to him, are also expected then. 

“There is no doubt that South Stream everywhere gained the status of a priority national project,” Miller told the Rossiya 1 Russian national channel. 

EU Commission Proposes that Companies Store Gas in Ukraine

The European Commission has made a new proposal that could prevent gas supplies from disruption in case of a prolonged Russian-Ukrainian standoff.

Its idea involves purchases of Russian gas by Europe's top consumers (which means leading companies) and storage of the resource into Ukraine's depots, according to Russian agency RIA Novosti.