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Moscow last week ordered oil companies to use "up to 95%" of the gases associated with petroleum extraction in a move designed to bank on the "billions of roubles" of gas wasted every year, the Kremlin announced.
The European Union and Russia agreed today (16 November) to establish an 'early warning' mechanism to shield Europe from potential energy supply cuts and protect consumers in the event of a repeat of last year's Russia-Ukraine gas dispute.
LinksDossier: Pipeline politics? Russia and the EU's battle for energy
The EU-25 is dependent on Russia for 25% of its gas and 25% of its oil. (read more)
Given their dynamically growing economic co-operation, the leaders of Turkey and Russia are now working for closer political dialogue to match. (read more)
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