Russia and Ukraine need a sense of urgency in their talks on gas transit for Europe, the European Union's energy chief said after the latest round in Brussels on Monday (28 October) failed to yield progress.
The second leg of the Turkish Stream pipeline will go through Bulgaria, Serbia and Hungary, Russian Energy Minister Alexander Novak said on Friday (26 July).
The EU mediated on Monday (21 January) talks between Moscow and Kyiv on the future of Russian gas transit via Ukraine, the only decision being that the sides agreed to meet again in May.
Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires in the end of the year.
The European Commission hopes to bring together the friends and the foes of the Nord Stream 2 gas pipeline project around a mandate which would guarantee that Ukraine would remain a transit country for Russian gas to the EU.
Saudi Arabia and Russia, the world's two top oil producers, agreed today (15 May) to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.