Russia sets gas deal with Ukraine: pact eliminates middleman and may lead to end of long-running dispute

Article Abstract:

Russia's OAO Gazprom and the Ukraine's Naftogaz Ukrainy have agreed to a deal that could ensure the stability of Russian gas supplies to Europe. Gazprom and Naftogaz will establish two new 50-50 joint ventures that will replace the current two, RosUkrEnergo and UkrGazEnergo. Russia will obtain a 50% share of the domestic gas market in the Ukraine, and Ukraine will pay off over $1 bil in debt.

Joint ventures, Ukraine, Company joint venture, Petroleum and gas industry software, Naftogaz Ukrainy

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ENI extends gas supply deals with Gazprom

Article Abstract:

ENI S.p.A. of Italy has agreed to a 30 year extension of a gas supply deal with OAO Gazprom of Russia. The deal illustrates how Western Europe is increasingly relying on Russia for energy supplies with some anxiety.

Economic aspects, European Union

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EU wins accord to open market for natural gas

Article Abstract:

ENI S.p.A.'s and OAO Gazprom's decision to loosen natural gas supply restrictions is a major victory for the European Commission. The Commission called on both firms to loosen restrictions.

Italy, Legal issues & crime, Government regulation (cont), Government regulation, Natural Gas, Legal/Government Regulation, Laws, regulations and rules, Petroleum, European Union. European Commission

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