Shale Gas Could Curb Gazprom Prices

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. ...

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Russia’s Energy Bully Takes a Fall

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. ...

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Russia Unveils Draft Renewable Energy Law

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. ...

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