Tag Archives: Europe

One major stated purpose of these terms is to make the Ukrainian gas transit system commercially attractive for major European companies.

The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.

The European Union is also working on a financial mechanism to ease non-dollar trade with Iran and circumvent US sanctions.

Saudi Arabia has used the forum in recent years to pitch for foreign investment.

Nord Stream 2 will allow Russia to force terms for gas supply and transit both to Europe and Ukraine.

Total also planning to expand its Nigerian LNG project this year.

The construction of the 1.200-km-long Nord Stream 2 has been going for quite some time now.

Construction of the DCC is an investment whose value exceeds €300mn.

A first ministerial meeting on the topic took place on July 17. 2018. followed by meetings at expert during the second half of 2018.

Under the Agreement. ENI and BP hold 50% each with Eni acting as operator during the exploration phase.