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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...
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...
Ukrainian ambassador to Turkey Sergiy Korsunsky has said that Ukraine may seek a stake of up to ten percent in the Trans Anatolian pipeline project. Speaking at the CIS Oil and Gas Summit in Paris today in an expert role, rather than that of a government representative, the ambassador said...
Turkish state-run Botas has said that it supports the Nabucco pipeline, despite the project being rocked by doubts in recent weeks. Speaking to Bloomberg via email today, director of strategy and business development for Botas Levent Ozgul said his company fully backed the Nabucco project.
Work on Serbian section of the South Stream gas pipeline is planned to start in November or December of this year. Serbian officials hope it will be significant contributer towards the resuscitation of the failing Serbian economy. Dusan Bajatovic, general manager of Serbian state-owned gas company...
MOL is said to be considering joining the South East Europe Pipeline (SEEP), following the company's previous announcement that it may exit the Nabucco pipeline project. Reported by Hungarian newspaper Nepszabadsag today, Toby Odone, spokesman for BP said that the company, in conjunction with its...