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Voice of America: Gazprom to Meet Rising Gas Demand in Europe

Russia's top natural gas producer Gazprom said it would be able to meet Europe's rising demand for gas thanks to new projects, even while the European Union is aiming to reduce its energy dependence on Moscow.   “According to most of the scenarios, which have been reviewed, long-term gas demand...

Baltic: Europe is playing a losing game

Sanctions are a zero-sum game: if the states interrupt cooperation, both parties are hurt, writes Eesti Päevaleht in its editorial. In case of possible sanctions against Russia for invading Ukraine, the differences between the EU and Russia are so big that EU is prepared to face losses from trade.

Baker Hughes to Cooperate with Aker on Subsea Technology

US-headquartered Baker Hughes clinched an agreement with Norway-based Aker Solutions to develop technology for subsea fields. ‘The non-incorporated alliance will combine Aker Solutions' strengths in subsea production and processing systems with Baker Hughes' expertise in well completions and artificial-lift...

Novinite: Bulgarian FM Downplays EP's South Stream Resolution

The importance European Parliament's resolution demanding that the South Steam project be stopped "should not be exaggerated" Bulgaria's Foreign Minister said on Tuesday. Vigenin described the document, which was voted last week, as a "result of the EP's emotional plea for a more rapid political and...

FT: Freedom to frack plan set to spark UK backlash

Energy companies are to be given the freedom to “frack” for shale gas under private land in a move that is set to provoke a backlash from environmentalists, residents and some MPs. In an attempt to kick-start the fledgling shale industry, the coalition will include an infrastructure bill...

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