International

The Nord Stream 2 pipeline project will carry Russian natural gas to Germany under the Baltic Sea despite mounting US sanctions.

The new company will also provide further momentum to China'.s coal-to-gas policy.

The project will require significant funding to develop the fields and related infrastructure.

Pakistan side has a training centre at Muzaffargarh and invited Russian side to participate in the same.

The budget deficit will widen to 6.4% in 2020 from 4.7% in 2019 as the government earns less from oil.

The big three oil producers in China were expected to spend $77 billion on oil developments this year.

The amount is for the costs incurred in acting as a Supplier of Last Resort.

The pipeline plan is the biggest energy ‘reform’ in China since 1998.

Asia'.s fourth biggest oil consumer imported 112.55 million barrels from the North American producer over January-October.

The key uncertainty facing the oil market now is OPEC+ supply from April.