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Russian President Vladimir Putin says the proposed South Stream gas pipeline will not go ahead. Speaking on a visit to Turkey, he said Russia would instead look at creating a gas hub on the Turkish-Greek border. Mr Putin blamed European opposition to the South Stream plan, which was funded by Russia’s state gas giant Gazprom. The pipeline was to have run under the Black Sea to southern and central Europe, providing another transit route for Gazprom. But the ...

Israel has asked the European Union to back the East Med Pipeline project which would connect the natural gas fields in Israel and Cyprus to the European market through Greece, Kathimerini understands. Addressing the European Commission’s new energy chief Maros Sefcovic during an event organized by the Italian EU presidency earlier this week, Israel’s Energy Minister Silvan Shalom said that the pipeline would ensure that European consumers get the cheapest possible gas. Construction of the pipeline appeared to ...

The US has welcomed the decision of establishing the ambitious TAPI gas pipeline project, a joint venture company for the transportation of up to 33 billion cubic meters of natural gas a year from Turkmenistan to Afghanistan, Pakistan and India. « The United States government welcomes the establishment of TAPI Ltd. and the ongoing commitment all four Turkmenistan- Afghanistan-Pakistan-India (TAPI) countries have made to the project, » a State Department official said. The project, if realised, would further diversify ...

GAIL India Limited and the state gas companies of Turkmenistan, Afghanistan and Pakistan have established a company that will build, own and operate the planned 1,800 km, 56 inch diameter Turkmenistan

The U.S. Senate on Tuesday narrowly failed to pass a bill that would have approved construction of the controversial Keystone XL pipeline, rejecting a measure the House of Representatives approved last week. The vote count was 59-41 in favor, but 60 « ayes » would have been needed to assure passage. Fourteen Democrats voted for the bill, joining all 45 Republicans who voted to support the pipeline. TransCanada Corp’s $8 billion pipeline would help transport crude oil from Canada to ...

A Democratic leader said on Sunday a single vote could determine the fate of the Keystone XL pipeline in the U.S. Senate this week but that President Barack Obama was likely to veto the bill even if it passes. The Republican-led U.S. House of Representatives on Friday approved the pipeline, which would carry oil from Canada to refineries on the U.S. Gulf Coast, and the Senate is expected to consider it on Tuesday. The 45 Republicans in the ...

Two short crude oil pipelines in China operated by Sinopec Group are shutting temporarily due to worries over safety, Chinese authorities said. Sinopec has been ordered to shut the 179-km Linyi-Cangzhou pipeline and a 40-km pipeline from the Tanggu oil depot to Dagang in Tianjin by Nov. 20, the State Administration of Work Safety said on its website late last week. Authorities said that unannounced inspections had found numerous problems, including « stress corrosion and fatigue damage ». Sinopec ...