Tag Archives: OMV

The project has seen strong opposition from the European Commission as increasing EU'.s dependence on Russian gas and undermining Ukrainian transit.

The gas pipeline project is currently on the agenda of the talks between Russian President Vladimir Putin and German Chancellor Angela Merkel.

The acquisition will see OMV take ownership of Shell’s full New Zealand portfolio.

Critics say that the natural-gas pipeline will strengthen Russia’s hand in Europe and isolate Ukraine.

LNG from the United States for Europe is at least 30-40% more expensive than the pipeline gas from Russia.

Denmark is the last country that has not issued a permit for the laying of the gas pipeline in its exclusive economic zone.

Germany is taking every effort to implement the Russian-European Nord Stream 2 project.

Russia is keen to press ahead with the Nord Stream 2 pipeline since it has the potential to double its gas exports under the Baltic Sea to Germany.

Tripoli-based NOC operates Sharara in partnership with Repsol. Total. OMV and Equinor. formerly known as Statoil.

The Nord Stream 2 pipeline is expected to come into service at the end of 2019.