Tag Archives: European Union (EU)

Russia and its state firm Gazprom cover one-third of Europe’s gas needs.

During the period of sanctions. oil production in the country was capped at about 2.7 million barrels a day. including 1 million barrels sent to export markets.

European foreign policy chief. Federica Mogherini. said she is confident the United States would stick to the 2015 Iran nuclear deal. because the agreement is working.

Turkey occupies a strategic location and acts as a bridge between Europe. the Middle East and Central Asia.

EU gas consumption increased sharply by 30 bcm. or 7.1 percent - the fastest growth since 2010. Russia saw the largest drop in consumption of any country (-12 bcm).

Carbon prices under the European Emissions Trading System have fallen to about 5 euros a ton from about 30 euros in 2008 because of a glut of permits.

Nord Stream 2 project presumes the construction of two gas pipelines with a combined annual capacity of 55 billion cubic meters of gas.

Naftogaz remains open for discussions with Gazprom in Brussels or other city of the European Union.

The UK faces an uncertain period in which its capacity to negotiate with the EU looks very weak.

Germany'.s Uniper. Austria'.s OMV and France'.s Engie are working with Gazprom on the plan.