News

Azerbaijan launches natural gas pipeline project to Turkey and Europe

Azerbaijani President Ilham Aliyev inaugurated the project Tuesday at the opening ceremony of the 25th Anniversary International Caspian Oil and Gas Exhibition.The Southern Gas Corridor consists of a network of infrastructure projects designed to improve the security and diversity of the EU’s energy supply by bringing natural gas from the Caspian region to Europe.

The Southern Gas Corridor involves projects crossing seven countries, with a total value of about $40 billion. Those include the Shah Deniz 2 development, which involves offshore ...

Continue Reading ?

Government of Canada could buy Trans Mountain pipeline project

Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.

The company, a unit of Houston-based Kinder Morgan Inc, had stopped all non-essential work on the C$7.4 billion ($5.70 billion) project in April, citing permitting delays and political opposition in British Columbia, and said it would scrap the expansion unless the legal challenges ...

Continue Reading ?

NEB approves a $1.4 billion gas pipeline project in British Columbia

A $1.4 billion 206-kilometre network of new natural gas pipelines in northeastern B.C. that was originally intended to serve a liquefied natural gas industry has been granted a variance that could see more B.C. gas moving through Alberta – to the chagrin of Alberta.

The National Energy Board (NEB) has approved a variance to the North Montney Mainline project, which got put on hold when Petronas cancelled its Pacific NorthWest LNG project.

The project belongs to NOVA Gas Transmission Ltd., which is ...

Continue Reading ?

US warns of sanctions risk to Germany-Russia gas pipeline

The Nord Stream 2 project will double the amount of natural gas Russia can funnel directly to the heart of Europe from newly tapped reserves in Siberia, intentionally skirting Eastern European nations like Poland and Ukraine. It also promises much-needed jobs in this poor German backwater, some three hours’ drive north of Berlin.

The United States and some other German allies have bristled at the project, warning that it could give Moscow greater leverage over Western Europe.

Energy-poor Germany already relies heavily ...

Continue Reading ?

European Union and Turkmenistan committed to Trans-Caspian gas pipeline project

The European Union and Turkmenistan are committed to implementing the Trans-Caspian pipeline project, designed to bring Turkmen hydrocarbon resources to European markets, said the Head of the EU Liaison Office in Ashgabat Lubomir Frebort in his welcoming speech on occasion of Europe Day, reports the Nebit-Gaz newspaper of Turkmenistan.

The high-ranking diplomat noted the important role assigned to Turkmenistan in the energy security strategy of the EU.

Negotiations on the delivery of Turkmen gas to Europe have been going on since 2011.

The ...

Continue Reading ?

Israel, Cyprus, and Greece push East Med gas pipeline to Europe

Prime Minister hails growing trilateral ties as leaders push ahead with project that could feed 20 billion cubic meters of natural gas to a growing European market.

The leaders of Cyprus, Israel, and Greece on Tuesday agreed to push ahead with an envisioned pipeline that will supply east Mediterranean gas to Europe as the continent seeks to diversify its energy supply.

Prime Minister Benjamin Netanyahu called the East Med pipeline a “very serious endeavor” that’s important for Europe, which is looking for ...

Continue Reading ?

Uzbekistan to join Turkmenistan-India gas pipeline project

Uzbekistan plans to join an $8 billion project to build a natural gas pipeline from Turkmenistan to India, Uzbek President Shavkat Mirziyoyev said on Monday, although it was unclear whether Tashkent might eventually ship gas through it.

Turkmenistan, which sits on the world’s fourth-biggest gas reserves and borders Afghanistan, started this year laying the Afghan section of the pipeline which will also cross Pakistan, seeing it as key to diversifying exports away from China.

Uzbekistan also exports gas, mainly to China and ...

Continue Reading ?

Accelerated plan approved to lay TAPI pipeline by 2019

Countries that are part of the UA$10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project have approved an acceleration plan in a bid to cut the time required for constructing the pipeline and make it ready before the deadline, disclosed an official.

The targeted time for completing the project was 2020, but now under the acceleration plan, the participating countries will be able to lay the transnational pipeline next year.

“Steering committee of the TAPI pipeline project has approved a plan in this regard,” ...

Continue Reading ?
Page 4 of 72 «...23456...»