The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, the Russian giant Gazprom, EU Energy Commissioner Guenther Oettinger said on Friday, informs LETA/AFP. ...

Rosneft’s acquisition of TNK-BP has paid off for Russia’s largest state owned oil company, which boosted oil production to 50.983 million tons from January to April 2013, up from 41.1 million tons in 2012. ...

President Xi Jinping's state visit to Russia in late March brought advances that could end nine years of tough talks between China and its northern neighbor over natural gas transmission. ...

After years as Eurasia's energy bully, Russia's state-controlled natural gas monopoly, Gazprom, is getting a taste of its own medicine. Even as Gazprom seeks to build the tallest skyscraper in Europe as its new headquarters in St. Petersburg, pressure from Russia's neighbors led to a 15 percent decline in the company's profits last year, eating into the state budget. ...

Russian energy company Gazprom has the right to try to access the estimated 63.5 trillion cubic feet of natural gas in the arctic, the prime minister said. ...

Russia will expend one trillion rubles ($31.3 billion) to develop its nuclear power industry through to 2015. Russia’s next-generation nuclear power plants will have an improved safety design, as well as an improved water desalination system. ...

Russia and Japan failed to clinch any major agreement on energy during Prime Minister Shinzo Abe's visit to Moscow, falling short of hopes for cooperation to help meet the needs of the world's largest LNG importer. ...

Russia’s Energy Ministry submitted a draft renewable energy law to Prime Minister Dmitry Medvedev for approval on 15 April. It is aimed at supporting the deployment of renewable energy sources including solar, wind and hydroelectric power plants across the country. ...

Russia and China will lead the way in the production of resources from shale after the U.S., according to executives, but Europe will likely lag behind. ...

An agreement with Marubeni Corp. on the implementation of an LNG project ensures a foothold in the Asian market, Russian company Rosneft said. ...