Tag Archives: European Union (EU)

Europe has been very active in showing its support for gas transit revenue dependent Ukraine.

The pipeline is expected to transport upwards of 55 billion cubic meters of gas annually from Russia to Germany beginning in 2019.

French energy giant Total this week announced it will pull out of a major gas project in Iran by this fall unless U.S. sanctions are waived.

Iran. which has the world’s fourth-biggest oil reserves. produces about 3.8 million barrels of oil per day.

U.S. President decision to quit a multinational nuclear deal would not affect Tehran’s oil exports if the EU could salvage the pact.

The volume of transit would have to be ".commercially viable". for Ukraine.

St. Petersburg International Economic Forum will be held on May 24-26. 2018.

The Nord Stream-2 project involves the construction of two lines with a total capacity of 55 billion cubic meters of gas per year.

On May 8. US President Donald Trump announced that his country would exit the 2015 nuclear deal.

Total holds a 50.1 per cent stake in the South Pars project.