Repsol to Buy LNG from Venture Global
Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.Under this agreement, Repsol will purchase LNG on a free on board (FOB) basis for a 20-year term…
Gazprom, DEPA & Edison Sign MoU on Gas Deliveries
Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA SA, signed today the Memorandum of Understanding on natural gas deliveries across the Black Sea from Russia via third countries to Greece and from Greece to Italy in order to establish a southern route to deliver Russian natural gas to Europe. The signing ceremony took place after the meeting held today in Rome between Alexey Miller and Federica Guidi…
Gazprom Signs MOU with Edison
Russian state gas company Gazprom said on Wednesday it had signed a memorandum of understanding with Italy's Edison SpA and Greek firm DEPA on supplying Russian natural gas to Europe via the bottom of the Black Sea. The memorandum was signed after a meeting in Rome between Gazprom Chief Executive Alexei Miller and Italy's economy minister, the Russian company said. Gazprom said the document showed the three firms…
Greece Wants to Speed Up IGB Gas Pipeline Deal
Greece said on Wednesday it wants to overcome delays holding back a gas pipeline deal with Bulgaria, provided the project is financially viable. The 180-km (110-mile)-long pipeline is to be built by a Greek-Bulgarian joint venture set up in 2011 and including Italian energy group Edison SpA. It is part of a Western-backed pipeline project the United States wants Greece to focus on rather than a rival gas pipeline that Athens is discussing with Russia.
Greece, Bulgaria Finalizing IGB Gas Pipeline Deal
Greece and Bulgaria will seal a deal in the coming weeks to build a gas pipeline connecting the two countries, part of the Southern Corridor infrastructure scheme to bring Caspian gas to Europe, two Greek energy ministry officials said on Friday. The Interconnector Greece Bulgaria (IGB) project is estimated to cost about 100 million euros ($112 million) and the European Union has approved about 45 million euros in funding to build the pipeline, a senior energy ministry official said.
Egypt to Pay $1b Owed to Foreign Oil Companies
Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies. It last year said it paid $1.5 billion of the money it owes the international firms as part of a repayment scheme seeking to revive confidence in the economy after years of turmoil.
