The project to extend a major international gas pipeline through to The Netherlands and the UK has been scrapped. Some suggest that the project has been shelved due to the downturn in relations between the EU and Russia over Ukraine. The Nord Stream consortium insists that the lack of progress in continuing the Nord Stream gas pipeline to the United Kingdom is not because of worsening relations between Russia and the West.
Continue Reading ?BP is expected to finish all legal procedures to become a stakeholder before the end of the year in the multi-billion dollar Trans-Anatolian gas pipeline project (TANAP) which promises to reduce Europe’s reliance on Russian gas, an official at Azeri state energy company SOCAR said on Monday. Vagif Aliyev, SOCAR’s investment department chief, told reporters that after signing all documents BP, which decided to join TANAP last year, would hold a 12 percent stake in the project. SOCAR will ...
Continue Reading ?TransCanada Corp. will have to spend $1 billion more than planned on an oil pipeline to Canada
Continue Reading ?Russia has proposed to Tokyo building a natural gas pipeline connecting fields in its far east with northern Japan, the Nikkei newspaper reported on Wednesday. The construction of a gas pipeline between the two countries, which has been mooted for decades, would face many obstacles, including a dispute over islands taken by Russian forces at the end of World War II that has prevented Moscow and Tokyo from signing a formal peace treaty. The plan to build a ...
Continue Reading ?Christophe de Margerie, the charismatic and outspoken chief executive of the French oil company Total, was killed when his private jet hit a snow plough as it was taking off from Moscow’s Vnukovo airport on Monday night. His death leaves a void at the top of one of the world’s biggest listed oil firms at a difficult time for the industry as oil prices fall and state-backed competitors keep them out of some of the best oil exploration territory. ...
Continue Reading ?The European Commission remains committed to the ongoing negotiation process with both Azerbaijan and Turkmenistan on the Trans-Caspian pipeline project, according to officials within the Energy Department of the European Commission.
Continue Reading ?The Northern Territory has moved ahead with plans to build a 1,000-kilometre pipeline, expected to cost more than $1 billion, to supply natural gas to eastern Australia. Chief Minister Adam Giles, an advocate of the plan, used the occasion of the Australia-Japan Joint Business Conference in Darwin to announce the pipeline had been granted « major project » priority status. He said the pipeline, which did not yet have a private backer, needed to be operational by 2018 to avert ...
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