Gas

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 …

The prospect of severe U.S. sanctions led the consulting firm Rambøll to withdraw from Russia’s controversial natural gas project Nord Stream 2. In the last phase of the Nord Stream 2 project, the Rambøll consultancy eventually bowed to the threat of U.S. sanctions, Politiken reports. On the Nord Stream 2 …

The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We …

The unprecedented surge in spot LNG prices has taken Indian buyers by surprise and forced importers to stay away from spot purchases, which would potentially lead to lower throughput at some terminals, reduce gas-based power generation as well as slow consumption in other industrial sectors. With spot LNG prices hitting …

The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin …

Supplies of gas to Turkey and Europe via offshore pipeline TurkStream have increased more than twofold in a year since the launch of the project, according to Russian energy giant Gazprom. The gas route marked its one-year anniversary on Friday. Since it came into operation on January 8, 2020, Gazprom …