Gas

Total has signed a deal to develop phase 11 of Iran’s giant South Pars field in July. pledging $1bn of investments.

Armenia will transfer money or give goods depending on the contract to Turkmenistan.

Ukrtransgaz runs not only Ukraine’s network of pipelines. but also spacious gas storage facilities.

The Turkish Stream project envisages building a gas pipeline along the seabed of the Black Sea to the European part of Turkey and farther on to the border with Greece.

Oil giant Rosneft has also planned to venture into LNG. and signed in May 2014 a preliminary deal with ExxonMobil to cooperate on the Far East LNG project.

The project. which has a minimum life expectancy of 50 years. has already had one of its EIA reports while other studies on its environmental and safety impacts still continue.

The parties will begin work on the project next year. after they will have signed all the legal paperwork later this year. according Novak.

The $768 billion U.S. chemical industry is the second largest in the world. with 15 percent of the global market.

SOCAR Trading. headquartered in Geneva. was established in late 2007 by the State Oil Company of Azerbaijan.

Naftogaz continues to ensure secure transmission of gas volumes expected by European customers despite the pressure deficiencies on the Russian side.