Tag Archives: OMV

The deals conclude ADNOC Offshore'.s round of concession stake awards. raising the total value close to $8bn.

The pipeline would carry 55 billion cubic feet of gas a year from Russia to Europe.

Boosting capacity at the field requires much-needed investment that NOC has been struggling to secure.

The Russian leader stressed that such projects as the Nord Stream-2 and the Turkish Stream ".certainly diversify supplies"..

The pipeline project has been welcomed by some countries in Europe and opposed by some others.

The Nord Stream 2 project is jointly run by Russia'.s Gazprom. France'.s Engie. Austria'.s OMV AG. Anglo-Dutch Royal Dutch Shell.

The cost of building the gas pipeline is €9.5 billion.

Nordic nations have already voiced security concerns over the pipeline being laid near their shores under the Baltic.

Gazprom increased gas sales to almost all its buyers in Europe.

Gazprom and its five partners signed agreements on a new model for financing the project in April 2017.