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European Parliament backs economic sanctions against Russia

The European Parliament called on Thursday for the EU to reinforce sanctions on Russia over the Ukraine crisis and be prepared to target economic interests. In a non-binding resolution, MEPs said the European Union should act "against Russian firms and their subsidiaries, especially in the energy sector, and Russia's EU assets," a statement said. The text recommended that the South Stream pipeline carrying Russian gas to Europe without crossing Ukraine should not be built and other sources found.

Hungary ready to ship gas to Ukraine: foreign minister

BUDAPEST (Reuters) - Hungary is ready to ship natural gas to neighboring Ukraine and the technical conditions for starting the necessary reverse pipeline flows are in place, Hungarian Foreign Minister Janos Martonyi said on Thursday after meeting Ukraine's deputy foreign minister. Hungary receives most of its gas supplies from Russia via a pipeline from Ukraine.

Russia pushes on with gas pipeline despite EU delaying talks

By Henning Gloystein and Dmitry Zhdannikov LONDON (Reuters) - Russia's Gazprom, disregarding European Commission plans to delay talks, said it expected to sign deals this month on building its major South Stream pipeline to carry gas to central and southern Europe without crossing Ukraine.

EU delays political talks with Russia on planned South Stream pipeline amid Ukraine crisis

BRUSSELS - The European Commission is delaying some talks on a new Russian pipeline that would bypass Ukraine to transport natural gas via the Black Sea to southeastern Europe. Spokeswoman Sabine Berger said Monday the Commission, the 28-country bloc's executive arm, will continue talks at a technical level but suspend planned political negotiations in light "of the broader developments" in the EU's relations with Russia.

Azerbaijan offers Iraq access to Europe gas pipelines

Azerbaijan has offered Iraq access to the "Southern Gas Corridor" connecting the Caspian Sea to the European Union to help Baghdad sell natural gas to Europe, Baku's foreign minister said Monday. Elmar Mammadyarov told journalists in the Iraqi capital that officials in Baghdad had already expressed interest in joining the massive project, which is supported by the United States and aims to reduce Europe's dependence on gas from Russia.

Bulgaria, Turkey agree new gas interconnector

Bulgaria and Turkey agreed on Friday to set up a joint company and build a gas pipeline to link their networks and enable imports, Bulgaria's economy and energy minister said. "We took a concrete decision for building an interconnector Bulgaria-Turkey that will be a key source of diversification of natural gas deliveries for our country," Dragomir Stoynev said after talks in Sofia with his Turkish counterpart Taner Yildiz.

Norway's Statoil announces gas and oil find in North Sea

Norwegian oil major Statoil on Thursday said it had discovered oil and gas at two prospects in the North Sea estimated to contain a total of 19 to 44 million barrels of recoverable oil equivalent. Statoil said it had found gas in the Askja West prospect and oil in the nearby Askja East prospect, located between the Oseberg and Frigg fields. "We are pleased to start 2014 with a gas and oil find in the Askja West and East prospects, in the very heart of the North Sea," said May-Liss Hauknes, vice president for North Sea exploration in Statoil.

Norway's Statoil makes natural gas discovery near Tanzania

OSLO, Dec. 6 (Xinhua) -- The Norwegian energy producer Statoil announced on Friday its fifth offshore natural gas discovery on the sea off Tanzania. In the Mronge-1 well, 56.6 billion cubic meters to 84.9 billion cubic meters of natural gas was found, according to a press release issued by the Norwegian oil company. The Statoil-operated partnership started its new drilling campaign in September 2013.

Gazprom launches South Stream construction in Serbia

Construction began on Sunday for the Serbian stretch of Russia's South Stream pipeline which will bring Russian gas directly to Europe, making it less vulnerable to price disputes. Serbian President Tomislav Nikolic, Prime Minister Ivica Dacic and Alexei Miller, the chief executive of Russian gas giant Gazprom, watched a live broadcast of two giant pipes being welded together near the northern Serb village of Sajkas. "This is a historic project... which will eliminate transit risks and secure gas supplies to Serbia and Europe," Miller said at the ceremony.

Russia pipeline construction to start in Serbia Nov 24

Construction of the Serbian section of Russia's South Stream pipeline that will cut across the Balkans towards Europe was to start later this month, the Serbian government said on Monday. "The South Stream construction works will start on November 24," said a government statement issued after a meeting between Serbian Prime Minister Ivica Dacic and Alexei Miller, CEO of Russian gas giant Gazprom.
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