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At a recent conference, Polish Prime Minister Donald Tusk declared that foreign oil and gas companies that are ready to invest in Poland can expect a stable economic environment, predictable legal conditions and friendly public opinion. “To those who want to cooperate with us on shale gas...
European funding for the prospective Trans-Caspian gas pipeline may include the European Investment Bank (EIB). Speaking to the Trend news agency, an unnamed source within the European Commission said that a number of financial institutions may be involved in the financing. "The European Financial...
Belgian gas company Fluxys and Italy's gas pipeline operator Snam have said that both companies will take a stake in E.ON's UK-pipeline Interconnector for €127 million. Through the agreement, the companies will take a 15.09 per cent stake in the underwater gas pipeline. "Today's announcement represents...
Gazprom has announced that it is on track with the South Stream project on the Bulgarian section of the pipeline. The announcement comes following a meeting at Gazprom's headquarters yesterday between CEO of Gazprom Alexey Miller and Bulgarian Minister for Energy Delyan Dobrev. A statement from...
A construction of South Stream is economically disadvantageous as for Ukraine as well as Russia. The Prime Minister of Ukraine Mykola Azarov disclosed this during a conference "Ukraine and the EU - what kind of future is?" which took place at the European Parliament in Brussels. He said to build South...
The Nabucco pipline project today submitted a revised proposal to the Shah Deniz II Consortium for the construction of the “Nabucco West” pipeline. The modified concept of the original "base case" for the Nabucco project, foresees the construction of a 1,300 km pipeline running from the...
The market is going to get tighter and tighter starting second half of this year given the slow-down of new LNG coming into the market. Only 48 million tons of new capacity will come online between now and 2014, which is not enough to offset the growing Asian LNG demand. As a result, countries heavily...
State oil and gas company sets deadline for shale estimates ahead of Gazprom contract expiration The Polish Geological Institute, on 11 May, said it is to publish an updated version of its latest shale reserves in late 2013 and suggested future estimates would be higher than the most recent figures released.
CEO for E.ON Ruhrgas Klaus Schaefer has said that his company would welcome an Italian participant in the Trans Adriatic pipeline (TAP) consortium. "We would clearly welcome an Italian partner or one coming from one of the countries the pipeline passes through," Mr. Schaefer said at the Reuters...
Total has announced today that the Elgin complex, which has been leaking gas since the 25th of March, has ceased leakage following a well intervention operation. The operation, which began yesterday, used the West Phoenix semi-submersible rig to pump heavy mud into the G4 wellhead, the source of the...
