Alexander Medvedev

Gazprom deputy head Alexander Medvedev has said the Turkish Stream project will initially be carried out only as a pipeline between Russia and Turkey.

This means only the first of four parallel lines that had been planned earlier will be constructed as a start, but it does not mean the energy giant has abandoned the idea to make deliveries to Russia, Medvedev has made clear.

Russian Energy Minister Alexander Novak has said construction of the so-called Turkish Stream gas pipeline might begin later than planned.

There is a risk not to start building the pipeline's first section on schedule the intergovernmental agreement is not signed in time, Novak is quoted by RIA Novosti as saying.

Russia's Gazprom gave Turkey the necessary coordinates for the planned Turkish Stream natural gas pipeline last week, Turkish Energy Minister Taner Y?ld?z has told reporters. 

The planned gas pipeline between Turkey and Russia, dubbed the ?Turkish Stream,? has not ?matured? enough, according to Turkish Energy Minister Taner Y?ld?z, although the Russian side has made solid announcements regarding the project. 

Gazprom Deputy Director Alexander Medvedev said in Moscow on June 9 that talks with Serbia on the Turkish Stream were continuing - but did not specify details.

"Do you think we were just drinking brandy there?" Medvedev asked, referring to the Russian delegation's last visit to Serbia.

Russia's Gazprom has said all commercial conditions for a contract with Turkey's state-owned crude oil and natural gas pipeline company Bota? had been agreed. 

"The price might be agreed to by the end of June," said Gazprom deputy head Alexander Medvedev on June 9, as quoted by Reuters. 

An article published on the website of Turkmenistan's oil and gas ministry Monday attacked Russia's energy giant Gazprom, calling the company an unreliable partner for the reclusive Central Asian state.        

Turkish Energy Minister Taner Yıldız is expected to meet Gazprom Deputy Chairman Alexander Medvedev to discuss a potential revision of gas prices from Russia to Turkey Nov. 25, ahead of Russian President Vladimir Putin’s visit to the country on Dec. 1.

Three EU member states have reportedly shipped 1.7 billion cubic meters (bcm) of Russian gas to Ukraine this year via reverse flow - a practice Gazprom doubts is legal.

BELGRADE - Serbia's Interior Minister Nebojsa Stefanovic has formed a special team to investigate the sale of the oil company Naftna industrija Srbije (NIS), which was once owned by the government.

NIS was privatised in late 2008 when Russia's Gazprom Neft bought 51 percent of the company, while the remaining 49 percent of shares were distributed for free to the Serbian people.