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Pakistan is in dire need of energy and determined to complete its part of the Iran-Pakistan gas pipeline, Pakistani Oil Minister Shahed Khaqan Abbassi said here Monday. « We have recently reached agreement with the China National Petroleum (CNPC) for partnership in implementing 700 kilometer pipeline from the Gwadar Port, 70 kilometers from the Iranian border to Nawab Shah and the CNPC officials are arriving in Pakistan for pilot study of the infrastructure project on Tuesday, » said the Pakistani minister in ...

Italian oil services firm Saipem may lose 1.25 billion euros ($1.55 billion) in revenue in 2015 due to Russia’s apparent cancellation of the South Stream gas pipeline project, CEO Umberto Vergine told daily Il Sole 24 Ore in an interview. Russia on Monday scrapped the pipeline project to supply gas to southern Europe without crossing Ukraine. However, Saipem said on Tuesday it had not yet received formal notice of the termination of any South Stream contracts and operations were ...

Russian President Vladimir Putin says the proposed South Stream gas pipeline will not go ahead. Speaking on a visit to Turkey, he said Russia would instead look at creating a gas hub on the Turkish-Greek border. Mr Putin blamed European opposition to the South Stream plan, which was funded by Russia’s state gas giant Gazprom. The pipeline was to have run under the Black Sea to southern and central Europe, providing another transit route for Gazprom. But the ...

Israel has asked the European Union to back the East Med Pipeline project which would connect the natural gas fields in Israel and Cyprus to the European market through Greece, Kathimerini understands. Addressing the European Commission’s new energy chief Maros Sefcovic during an event organized by the Italian EU presidency earlier this week, Israel’s Energy Minister Silvan Shalom said that the pipeline would ensure that European consumers get the cheapest possible gas. Construction of the pipeline appeared to ...

The US has welcomed the decision of establishing the ambitious TAPI gas pipeline project, a joint venture company for the transportation of up to 33 billion cubic meters of natural gas a year from Turkmenistan to Afghanistan, Pakistan and India. « The United States government welcomes the establishment of TAPI Ltd. and the ongoing commitment all four Turkmenistan- Afghanistan-Pakistan-India (TAPI) countries have made to the project, » a State Department official said. The project, if realised, would further diversify ...

GAIL India Limited and the state gas companies of Turkmenistan, Afghanistan and Pakistan have established a company that will build, own and operate the planned 1,800 km, 56 inch diameter Turkmenistan

The U.S. Senate on Tuesday narrowly failed to pass a bill that would have approved construction of the controversial Keystone XL pipeline, rejecting a measure the House of Representatives approved last week. The vote count was 59-41 in favor, but 60 « ayes » would have been needed to assure passage. Fourteen Democrats voted for the bill, joining all 45 Republicans who voted to support the pipeline. TransCanada Corp’s $8 billion pipeline would help transport crude oil from Canada to ...