Gas

Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old Continent. But instead, somewhat surprising, Gazprom is adopting the exact opposite strategy, drastically reducing its physical deliveries of natural gas to the EU. Since the …

The vessel approved to carry out pipe-laying for the unfinished Nord Stream 2 gas pipeline from Russia to Germany has begun preparatory works at the site in Danish waters, a spokesman for the development company said Jan. 25. The Fortuna arrived at the site of the pipeline to the south …

Production of gas condensate has increased in phases 6, 7 and 8 of the South Pars Gas Field- the world’s largest gas field in southern Iran, a state official announced on Saturday. Behzad Salari, head of plant production (4th gas plant) at South Pars gas company, made the remarks while …

Russia pumped 59.2 billion cubic meters of natural gas through the Nord Stream pipeline in 2020, bringing exports via the offshore gas link between Russia and Europe to the highest level ever. Last year’s supplies to European consumers were up 1.2 percent compared to a year earlier, according to data …

The Nord Stream 2 project will be completed, despite the difficulties it has encountered, Chairman of the State Duma (parliament’s lower house) Committee on Energy Pavel Zavalny said at a press conference on Friday. “Nord Stream 2 will definitely be built, all sensible people understand this. Ambitions of individual countries, …

U.S. President Joe Biden on Wednesday signed an executive order to revoke the existing presidential permit for the controversial Keystone XL pipeline project, which would carry oil from Canada to the American Gulf Coast. Oil industry groups and Republicans in the United States opposed the move, arguing it would result …

Russian state gas company Gazprom acknowledged there is a risk that its undersea pipeline to Germany could be suspended or cancelled after the United States imposed sanctions on Tuesday on a Russian ship involved in its construction. Germany’s Economy Ministry said it had been informed in advance of the new …

The United States has informed European allies about plans to sanction Russian vessel Fortuna, which is involved in the construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday. The U.S. administration told government officials in Berlin and other European capitals …

Turkey has invested 27 billion Turkish liras ($3.6 billion) on natural gas distribution since 2002, President Recep Tayyip Erdogan said on Saturday. “Since the day we took office, investment in natural gas distribution across Turkey has reached a total of 27 billion Turkish liras,” Erdogan said via video link at …

The operator of Russia’s natural gas pipeline to Europe, Nord Stream 2 AG, has secured permission to continue work in the Baltic Sea and may finish one of the two branches of the route in the first half of the year. Germany’s Federal Maritime and Hydrographic Agency (BSH) said on …