Bulgaria, Romania Launch Gas Pipeline
Bulgaria and Romania started a new natural gas pipeline on Friday as part of Sofia's efforts to reduce dependence on Russian gas. The 25-km pipeline, which runs under the Danube River and can operate in either direction, will allow Bulgaria to import gas from Europe.
Azerbaijan Expects to Secure TAP Gas Pipeline Finance in April
Azerbaijan expects to secure in April full financing for the Trans Adriatic Gas Pipeline (TAP), seen as an alternative for Russian gas supplies to Europe, Azeri Energy Minister Natig Aliyev said on Monday. The Southern Gas Corridor project…
Russia Stuck with Abandoned Gas Pipes Worth Billions
Gas pipes worth 1.8 billion euros ($1.95 billion) are to be left stranded on the shores of the Black Sea after Russia's decision to suspend work on the Turkish Stream pipeline, a potent symbol of Moscow's falling out with Ankara.
Russia's Gazprom to Halve TurkStream Pipeline Capacity
Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project to 32 billion cubic metres (bcm) per year from an original capacity of 63 bcm, Gazprom Chief Executive Officer Alexei Miller said on Tuesday. The…
Turkey Sees Gas Price Deal with Gazprom in Two Weeks
Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could seek international arbitration if they failed to agree. Russia, which…
Gazprom: No Gas Exports via Ukraine after 2019
Russia's Gazprom has reaffirmed plans to cut off gas transiting Ukraine to western Europe in 2019 and urged the European Union to speed up a decision on Russian gas delivery routes to ensure it receives supplies after that time.
Greek Energy Minister Held Gas Pipeline Talks in Moscow
Greece's energy minister has discussed in Moscow the construction of a pipeline that will transport Russian gas to Europe through its territory, the Greek energy ministry said on Saturday. Cash-strapped Greece has been making overtures…
Saipem to Resume Operations for Black Sea Pipeline
Italian oil contractor Saipem said on Friday it would restart work on an offshore pipeline in the Black Sea after South Stream Transport BV lifted a suspension of the works. Saipem had bagged contracts worth 2.4 billion euros last…
Saipem Profit Tops Forecasts as Contract Margins Pick Up
Italian oil services group Saipem on Monday reported stronger than expected first-quarter operating profit thanks to healthier profit margins from new orders. Saipem, 43 percent owned by oil major Eni, is trying to phase out so-called…
Bulgaria: Bring Back Nabucco Pipeline
Bulgaria wants the European Commission to revive plans for the Nabucco pipeline that would pump gas from the Caspian Sea, after a Russian project seen as a rival was scrapped, Prime Minister Boiko Borisov said on Wednesday. Keen…
Bulgaria, Greece Agree to Speed up Work on Gas Link
Bulgaria and Greece have agreed to take a final investment decision by the end of May to pave the way for a gas pipeline aimed at reducing Sofia's dependence on Russian gas, Bulgaria's energy minister said on Thursday. The Balkan country…
EU Energy Chief: Moscow's New Gas Route Legally Flawed
Russia's proposal to pump gas to the Turkish-Greek border and from 2019 to cease using Ukraine as its main energy transit route to Europe is in breach of legally binding contracts and is economically flawed, the EU's energy chief said on Wednesday.
Gazprom Eyes New Gas Route to Turkey
Russia's Gazprom plans to supply first gas via a new route to Turkey in December 2016, the company's Chief Executive Alexei Miller said in a statement on Tuesday. Gazprom said last year it would build a new pipeline to Turkey with…
EU Energy Chief Heads to Moscow to Discuss Energy Security
The European Commission backs Bulgaria's plans to build a gas hub to help it compensate for the loss of Russia's South Stream pipeline, and will raise the issue at talks in Moscow on energy security on Wednesday, the EU's energy boss said.
Salzgitter Unit Halts Pipe Production for South Stream
Salzgitter said its joint venture Europipe has been told to halt production of steel tubes for the scrapped South Stream pipeline project, with the suspension to hit its earnings. Salzgitter said the impact was not yet quantifiable…
Gazprom to Buy European Partners out of South Stream Pipeline
Gazprom has agreed to buy its European partners Wintershall, EDF and Eni out of the scrapped South Stream gas pipeline project, the companies said in statements on Monday. Russia in early December abandoned the South Stream project…
Merkel Urges Bulgaria to Seek New Talks on South Stream
German Chancellor Angela Merkel backed Bulgaria on Monday in its bid to seek new talks with Russia about the South Stream gas pipeline after Moscow shelved the project this month in favour of an alternative link via Turkey. The EU…
Bulgaria Seeks to Build Gas Hub for Europe
Bulgaria wants to build a gas storage and distribution facility which could help the Balkan country diversify supplies and become a regional hub following the suspension of the South Stream pipeline project. Last week, Russia scrapped…
Turkey May Suggest LNG Project to Russia
Turkey could propose to Russia building an LNG terminal in an energy complex on its border with Greece, as part of talks on planned new gas pipeline with its northern neighbour, Turkish Energy Minister Taner Yildiz said. Last week…
Turkey May Suggest LNG Project to Russia
Turkey could propose to Russia building an LNG terminal in an energy complex on its border with Greece, as part of talks on planned new gas pipeline with its northern neighbour, Turkish Energy Minister Taner Yildiz said. Last week…
