• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 14 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 24 hours America should go after China but it should be done in a wise way.
  • 7 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Oil Prices Remain Rangebound As Volatility Fades

Oil Prices Remain Rangebound As Volatility Fades

Oil price volatility has fallen…

ADNOC CEO: Global Energy Demand Growth Is Unsustainable

ADNOC CEO: Global Energy Demand Growth Is Unsustainable

According to ADNOC CEO Al-Jaber,…

Ukraine Invites Russian Participation in Gas Company Restructuring

Russia and Ukraine have sparred for years over transit issues of Russian natural gas using Ukraine’s pipeline network to supply is European customers.

Last week Ukraine announced that it was dismantling its national natural gas company Naftogaz.

Ukrainian Prime Minister Mykola Azarov has said that Ukraine would welcome Russia's participation in its new gas production company, Kiev’s Vlasti.net news agency reported.

Azarov told journalists that the new Ukrainian with Russian participation could obtain a license for the production of about one trillion cubic meters of natural gas, commenting,
"We hope the necessary compromise with Russia will be found. Long-term interests must outbalance the spur of the moment."

Ukraine currently produces around 20 billion cubic meters of natural gas annually, but a major source of its revenue comes from Russia’s state-owned natural gas company Gazprom utilizing the nation’s extensive pipeline network to transmit Russian natural gas to its eastern European markets. While Ukraine’s Energy and Coal Ministry predicts gas consumption will fall to 54 billion cubic meters in 2011 and by another 10 billion cubic meters, in 2012, Azarov recently said that Ukraine had proven gas reserves of around 1 trillion cubic meters and resources of 11-20 trillion cubic meters.
 
By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News