Friday, July 25, 2025

EU

South Stream

Russia Ready to Consider Alternatives to South Stream

President Putin to explore alternatives to South Stream with the E.U. Russia is ready to discuss alternative options to South Stream with its European Union partners, says President Vladimir Putin. The Russian president said his country was not trying to punish its E.U. partners by deciding to stop the project, and is open to alternatives, but will not abandon cooperation

Canada

Canadian Oilsands — the Doorway to Europe Opens

For Some Color on this Development, Oil & Gas 360® Interviewed Export Canada Economist Stuart Bergman Earlier this month, the European Parliament decided to reverse an earlier decision that labeled Canadian oilsands crude as “dirty oil,” removing barriers to refiners in the E.U. to import bitumen from Canada. For insight on what this decision means for Canada, Stuart Bergman, Assistant

$1.6 Billion Gas Deal Warms Europe, Ukraine

Moscow insists on payment up front Late last week, the EU, Russia and Ukraine struck a long awaited deal to supply Russian gas to Ukraine and Europe this winter. “EU officials said both Russia and Ukraine had bargained hard for commitments from the Western bloc,” according to Reuters, “with Moscow looking for EU cash to help Ukraine pay off debts to Gazprom (ticker: GAZP)