Lithuania Needs Gazprom Gas, Not Reactor, Vesaite Says

Lithuania Needs Gazprom Gas, Not Reactor, Vesaite Says

From Bloomberg By Bryan Bradley Lithuania should alter its energy tactics to seek cheaper natural-gas supplies from Russia’s OAO Gazprom (OGZD) and doesn’t need the nuclear reactor that Japan’s Hitachi (6501) Ltd. proposed, Economy Minister Birute Vesaite said. “Our objectives could be achieved in a way that better serves consumers’ interests and business competitiveness,” Vesaite said today on Ziniu radio ...

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Cyprus Bailout: Russia Misses Chance for Natural Gas

Negotiations for Cyprus’ bailout, which has hinged largely on its hydrocarbons future, have ended with Russia missing the chance to swap aid for offshore exploration licenses and the Greek Cypriots agreeing to an EU bailout package that hits at the Russian oligarchy by shutting down the island’s second-largest bank. ...

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Russia’s New Middle East Energy Game

Ever since massive quantities of natural gas were discovered in Israeli and Cypriot territorial waters, the reaction of Russia under the ubiquitous Vladimir Putin became a giant question mark. After all Russia’s energy hegemony over Europe was at stake. ...

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Russia, China in Talks on Loans for Oil, Gas Supplies

Russia is in talks with China on receiving loans in return for oil and gas supplies, Russian Deputy Prime Minister Arkady Dvorkovich said Tuesday. Russia, the world's largest energy producer, is looking to increase energy sales to the Asia-Pacific region. Talks to sell gas to China have stalled for years on price, but state-controlled OAO Gazprom (GAZP.RS) says it wants to conclude a deal by the end of the ...

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