Russian Gazprom and State Oil Company of Azerbaijan Republic (SOCAR) held negotiations seeking to increase Russian gas supply to the country above the volumes set by the existing agreements.
Disputes between Moscow and Kiev reemerged last week amid Gazprom's disruption of gas supplies to Ukraine, Kiev's ban on Russian planes flyovers, and a recent explosion of power lines on Russian-annexed Crimea.
Eastern European countries—many of them heavily dependent on Russian natural gas supplies—are hopeful that improving security in Ukraine and low global prices will secure gas supplies from disruption, Reuters
China National Petroleum Corporation (CNPC) has decided to back-out of an agreement with Russian gas giant Gazprom for the construction of a natural gas pipeline from western Siberia to the Xinjiang region, according ...