Gas

In the second quarter of this year. the volume of natural gas imports from Uzbekistan was 3.5 million cubic meters.

The Ukrainian gas transportation system will be loaded in the next 5-10 years.

The Nile Delta has been producing gas for five decades.

The American president said that the US will compete with Russia in the European gas market.

Kiev fears the loss of revenue from transit taxes. on top of being bypassed politically as well as physically by new gas pipes.

Russia is keen to press ahead with the Nord Stream 2 pipeline since it has the potential to double its gas exports under the Baltic Sea to Germany.

US President Donald Trump had chastised Germany for buying Russian natural gas and for working on the pipeline.

ICV is an ambitious plan embarked by the Government to boost the oil and gas industry’s contribution in the Sultanate’s socio-economic development.

US sanctions against companies involved in Nord Stream 2 could be in the pipeline.

The EU has suffered considerable economic losses due to the US-led push to block trade with Russia since 2014.