Pipeline Cements Russiaâs Hold on Europeâs Gas Supply
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Bulgaria signed the deal for the $15 billion South Stream pipeline with Russia, undermining the European Unionâs attempts to diversify its energy sources.
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BUCHAREST, Jan 29 (IPS) - With the European Union becoming ever more  uncomfortable over its energy dependency on Russia, Romania,  which joined the bloc along with Bulgaria Jan. 1, is paving the  way for a pipeline project considered crucial for Europe's  energy safety.
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Prague. October 4. INTERFAX EUROPE ? Russian firm Carbonica-F will build a steam-gas power station in the Czech Republic in cooperation with an as yet unknown partner, reports the latest edition of the weekly ...
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Russian President Vladimir Putin has fired a shot across Europe's bow by saying Russia could form a natural gas equivalent of the oil producers' OPEC cartel, even while insisting that Moscow would become a more reliable energy supplier.
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Russia's Gazprom will supply gas directly to French homes for the first time as part of a deal with Gaz de France.
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"The U.S. side warned about the political influence Moscow would gain by controlling energy resources in Serbia and the region, and expressed a negative assessment about the economic justification of South Stream"  By Oleg ShchedrovMOSCOW  - Russia won the right on Friday to route a major gas supply route to Europe through its ally Serbia, a move analysts described as marking a Kremlin victory in a "pipeline war" with the European Union.The gas agreement, signed in the Kremlin before President Vladimir Putin and visiting Serbian leaders, alarmed the United States because it increased Moscow's control over energy supplies to Europe and could undermine a rival EU project.Strong Russian opposition to independence for the Serbian province of Kosovo was a key bargaining chip in the agreement for Serbia to join the South Stream gas pipeline. Belgrade also agreed to sell a majority stake in Serbia's oil monopoly NIS to Russian gas giant Gazprom at a favorable price. Read more
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Gazprom has spun a web of control over energy supplies extending from Estonia on the Baltic Sea to Bulgaria on the Black Sea.
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COMPIEGNE, France  - Russian President Vladimir   Putin sought to reassure France and Germany on Saturday they   had nothing to fear from Moscow's growing economic clout and   held out the prospect of more natural gas for Europe.
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Russia has the world s largest known natural gas reserves and one-eighth of the world s oil reserves.
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Russian President Vladimir Putin is set to conclude a deal to build a pipeline linking its oil fields to Greece via Bulgaria.
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Russian gas monopoly Gazprom is to sell key oil subsidiary Gazpromneft in a move that may redraw the domestic petroleum industry.
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TNK-BP, which represents the biggest foreign investment in Russia, is fast emerging as the country&#39;s largest oil producer. Its rise to prominence comes amid increasing state involvement
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BUDAPEST, Aug 7 (IPS) - With reliable alternatives remaining a relatively  distant dream, Hungary, one of the most gas-dependent countries  in Europe, will have to rely on Russian sources in the  foreseeable future.
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Russia sought to reassure  France and Germany on Saturday on its plans for Airbus parent  EADS and held out the prospect of more gas for Europe to ease  fears over Moscow's leverage of its growing economic clout.
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Lietuvos Dujos (Lithuanian Gas) and Germanya s PPS Pipeline Systems signed a contract this week for the construction of a gas distribution station in Visaginas and a natural gas transmission pipeline to the ...
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MOSCOW Gazprom, the leading Russian gas company, said Tuesday that it would buy one of the country&#39;s largest oil producers, a move that forms a state-controlled energy juggernaut and signals the first step toward ending a ban on foreign ownership of
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In Putinâs Russia Gazprom is by no means a mere natural monopoly, nor a newly established ministry for oil and gas. Gazprom is an instrument of public administration just like the pro-Kremlin United Russia