Industry Developments

Polish gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has filed for an increase in gas prices with the Polish regulator, according to a spokesperson from the watchdog.... 2008-08-13

Russian state-controlled Rosneft has not been awarded an extension for its exploration licence covering the Kamchatka Peninsula, which expired on August 1, 2008.

British explorer Aurelian Oil and Gas has announced on behalf of its Romanian subsidiary and joint venture (JV) partner Romgaz that the Vicsani-1 well has been successfully completed... 2008-08-06

Following nearly a year of wrangling, claims and counter-claims, Austria's OMV has dropped its hostile takeover bid for Hungarian rival MOL. I

Belarus is holding negotiations with Russia's Lukoil and Rosneft over the privatisation of the country's Naftan oil refinery and the Polymir petrochemical plant, according... 2008-08-05

Turkmenistan has made a large new gas condensate discovery in the Karakum desert, according to a report in Reuters quoting state-run news agency Turkmen Khabarlary.

European major Royal Dutch Shell is holding talks with AIM-listed Russian integrated player Sibir over a potential US$1bn asset swap.

Kyrgyzstan's gas import prices may double from next year from US$145 per 1,000 cubic metres (mcm) to US$300/mcm, according to the country's oil minister Saparbek Balkibekov.

Russian gas export monopoly Gazprom has announced that it has reached two energy agreements with Turkmenistan during a meeting between Gazprom's chairman Alexei Miller and Turkmenistan's... 2008-08-01

Russia's energy ministry has estimated the cost of the planned South Stream pipeline at US$20bn, based on a preliminary feasibility study, according to a ministry spokeswoman quoted... 2008-07-31