- A new oil field with roughly 300 million tons of oil and 90 billion cubic meters of gas has been discovered in the Astrakhan region of Russia.
- German energy company RWE has started delivering gas to Ukraine as natural resource tension between Kiev and Moscow has been heating up over gas debts and prices.
- By 2018 China will be Russian energy’s biggest customer, along with huge trade volume between the two states. So it makes sense for Russia to take advantage of the China’s Union Pay system, Chinese expert, Andrew Leung, told RT.
- The discovery of large hydrocarbon deposits in the Arctic has sparked international competition over resources in frozen waters. Regional powers are quickly filing claims for the sea shelf, with Russia preparing to bring in the biggest bid to the UN.
- The newly-appointed head of Ukraine’s national gas company says the country “sees no reason” to comply with the “political” hike in gas prices imposed by Russia, and will formally stop transferring money to Moscow until the situation is resolved.
- Russia has to stop gas subsidies to Ukraine as it cannot keep supporting the bankrupt anti-Russian regime in Kiev, energy asset manager Eric Kraus told RT, adding that it will be the EU's problem if Ukraine eventually starts stealing their transit gas.
- The EU is taking seriously President Vladimir Putin’s letter to 18 European countries, in which he warned that Ukraine’s debt crisis could affect gas transit from Russia, German Chancellor Angela Merkel said.
- Europe should switch from promises to real action to help Ukraine out of the economic chaos, says Russia’s President Putin.
- Speaking at BP’s annual shareholder meeting, CEO Bob Dudley said the company can “act as a bridge” between Russia and Europe, adding that it was “business as usual” between the oil giant and Russia.
- It is ridiculous of Ukraine to accuse Russia of using the gas weapon because the Russians are simply charging normal market prices, Srdja Trifkovic, Foreign Affairs editor at ‘Chronicles’ magazine, told RT.
- Vladimir Putin addressed a letter to the leaders of several European countries, to which Russian natural gas is supplied via Ukraine's territory.
- Russia’s Gazprom has bought 100 percent of Kyrgyzgaz for a symbolic $1, as it also undertook to cover the company’s $40 billion debt. The deal makes Russia’s gas monopoly the sole gas supplier to Kyrgyzstan.