Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
Gazprom says it's made up for Ukrainian row
by Daniel J. Graeber
Moscow (UPI) Oct 14, 2014


disclaimer: image is for illustration purposes only

Second quarter profits for the year are up, which offset some of the damage incurred by contracts with Ukraine, Russian gas company Gazprom said Tuesday.

Gazprom said Tuesday its operating expects for the six months ending June 30 increased 31 percent year-on-year. The company said the "major factor" behind the increase in the operating expense was "mostly related to doubtful trade accounts receivable of Naftogaz Ukraine."

For the second quarter, Gazprom said its profits increased 13 percent to $5.63 billion.

Russia and Ukraine are sparring over gas prices and debt. Ukraine, which pays more for gas than many of its regional counterparts, owes Gazprom more than $5 billion for gas.

European leaders are set to sit down at the negotiating table with Ukrainian and Russian officials next week. The European economy gets about a quarter of its gas needs met by Russia, though most of that gas runs through the Soviet-era transit network in Ukraine.

Disputes between Ukraine and Russia in 2006 and 2009 brought gas disruptions to European consumers. Since Kiev started pivoting toward the European Union in November, Russia has faced increasing sanctions pressure on its energy sector because of its reaction.

For the first half of the year, Gazprom said profits were down 23 percent compare to the same period in 2013.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Shale means U.S. more self-reliant on oil, OPEC says
Vienna (UPI) Oct 10, 2014
U.S. imports into the Gulf Coast region are at six-year lows because shale output is suppressing the need for foreign oil, OPEC said in a Friday report. The Organization of Petroleum Exporting Countries published its monthly market report, saying that despite signs of economic stagnation, its growth outlook remained static and with it are stable expectations of global oil demand. ... read more


OIL AND GAS
SBIRS GEO-4 payload ready for integration

US Rear Admiral to head missile shield base in Romania

Poland urges NATO to push ahead with missle shield

Saudi Arabia seeks billion-dollar air defense deal

OIL AND GAS
Lockheed orders more cruise missile bodies from Exelis

MBDA continues British missile support

Nulka missile decoy system undergoing upgrade

UAE asks U.S. for $900M rocket artillery deal

OIL AND GAS
NMSU Physical Science Lab tests unmanned aircraft over active mine

DARPA Awards AeroVironment Phase II Tern Contract

US drone strike kills four in NW Pakistan: officials

Airbus seeks civil certification unmanned aerial vehicle in Europe

OIL AND GAS
Northrop Grumman Debuts Low-Cost Terminals To Protect US Warfighters

'Space bubbles' may have aided enemy in fatal Afghan battle

Space control Airmen ensure constant communication

Russian Aerospace Defense Forces Again Dismiss Satellite Explosion Rumors

OIL AND GAS
New Marine Corps intel contract for Engility

Using Light Frequencies to Sniff Out Deadly Materials from a Distance

US sentences Russian for night-vision arms conspiracy

New Polaris combat vehicle on the market

OIL AND GAS
BAE Systems cuts 440 jobs mostly in Britain

US-led air war a boon for defense contractors

Four countries request U.S. Foreign Military Sales deals

German push onto world stage hit by defence failures

OIL AND GAS
Li visits Germany, China's 'anchor' in Europe

Pentagon chief in trip to Colombia, Chile, Peru

Obama urged to press Xi on Hong Kong's democracy

Hong Kong, the golden goose Beijing cannot sacrifice

OIL AND GAS
DNA nano-foundries cast custom-shaped metal nanoparticles

Nanoparticles Break the Symmetry of Light

Nanoparticles give up forensic secrets

All directions are not created equal for nanoscale heat sources




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.