Tag Archives: Pipeline

Gazprom controls 32 licenses in the region and resource estimates exceed 26 trillion cubic meters.

Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.

The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.

Under the OPEC+ agreement in August. Russia'.s oil production cut level was 143.000 b d compared to October 2018.

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

The deal is intended as an end-run around Russia’s ability to choke off European energy supplies that are shipped via pipelin.

The agreement was earlier signed in 2009 during PPP government for 25 years. but since then the project could not get the shape.

The new 50MW plant will generate enough electricity to power around 30.000 Spanish households a year.

Despite the US sanctions. many countries. including China. still continue oil imports from Iran.

Pakistani Federal Minister for Power Omar Ayub Khan. in a meeting with Iranian Ambassador to Islamabad Mehdi Honardoust. voiced his country’s determination to further increase energy cooperation with Tehran.