Yulia Tymoshenko began to reshape the gas market of Ukraine Prime Minister of Ukraine Yulia Tymoshenko began the redistribution of the domestic market for industrial gas consumption. Immediately after the New Year, the National Energy Regulatory Commission (NERC) decided to limit Ukrgazenergo’s license to supply gas to end consumers. As is known, until now, about 35 billion cubic meters needed by Ukrainian enterprises were provided annually by the Ukrgazenergo company.

While Turkmenistan and Iran are in conflict, Gazprom has increased supplies to Turkey The traditional New Year's shutdown of interstate gas supplies still happened. This time, Turkmenistan and Iran became participants in the price conflict. Ashgabat, having managed to raise the price for Russia from 100 to 140 dollars (annual average) per thousand cubic meters, made a similar offer to Tehran.

Gas market participants will have a hard time The head of E.ON Ruhrgas, 64-year-old Burkhard Bergmann, despite his planned retirement in early March, will continue to represent the interests of the German company in Gazprom. As a Vremya Novostey correspondent was told at the headquarters of E.ON Ruhrgas, Mr. Bergmann has once again been nominated as a candidate for the board of directors of Gazprom.

Merrill Lynch and Citigroup seek salvation in the East The beginning of the year brought grief to shareholders and managers of the largest American banks . According to Western media reports, the largest financial company Citigroup may write off assets worth up to $24 billion against the expected $8-11 billion, and investment bank Merrill Lynch may lose about $15 billion. In search of saving capital, financial giants turned to the Middle East.

One of the factors that led entrepreneur Alexander Mamut to the decision to sell his stake in Ingosstrakh was the lack of prospects for an IPO. The entrepreneur himself stated this in an interview with the Ingoveritas portal. This was Mr. Mamut’s first detailed comment since the transaction and the subsequent corporate conflict at Ingosstrakh. “At the end of 2005, I began to think about leaving this business,” Mr. Mamut said. - There were several reasons why I made this decision.

Bank of Russia accounts frozen in France The Swiss company Noga, which has been trying to collect debt from Russia since 1993, is again on the warpath. Yesterday it became known that, following a lawsuit by the Swiss, in Paris on January 2, funds of Russian government institutions and companies held in French banks, including deposits of the Bank of Russia, were seized. This is not the first time Russian assets have been seized abroad due to a legal battle with Noga.

Nursultan Nazarbayev ended the international conflict around the Kashagan oil field Kazakhstan yesterday put an end to the conflict with foreign investors led by Eni , who are developing the Kashagan oil field. The state agreed with the project participants to double the share of Kazmunaigas - from the current 8.33% to 16.81% - by proportionally reducing their shares. The Minister of Energy and Mineral Resources of Kazakhstan, Sauat Mynbaev, told reporters about this yesterday.

Power outages in Makhachkala brought residents to the barricades The frosts that unexpectedly came to Dagestan led to large-scale power outages in the homes of Makhachkala residents. Almost all New Year's holidays, residents of the capital of the republic staged rallies and erected barricades demanding that the energy supply be restored, since the population regularly pays bills.