Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Kremlin determined after Polish gas pipeline decision
by Daniel J. Graeber
Yekaterinburg, Russia (UPI) Aug 15, 2016


disclaimer: image is for illustration purposes only

Expanding the Nord Stream gas pipeline through the Baltic Sea is certain to diversify the regional energy market, the Russian foreign minister said Monday.

Russian natural gas company Gazprom signed shareholder agreements on the development of the second phase of the twin Nord Stream pipeline system last year with its counterparts at German energy companies BASF and E.ON, as well as those from French company ENGIE, Austria's OMV and Royal Dutch Shell.

Under the proposed expansion, two more lines would be added to the existing network, roughly doubling the pipeline's net capacity.

Russian Foreign Minister Sergei Lavrov was quoted by Russian news agency Sputnik as saying the project would be beneficial to the European energy market.

"We are convinced, just like our European partners who are developing this project together with us, that it will help diversity gas routes to the European continent," he said.

European officials have expressed concern about Russia's energy policies in the region, noting Gazprom controls both the supplies and the transit networks that carry them.

Last week, the Polish antitrust authority, known by its acronym UOKiK, confirmed its own suspicions that the project consortium would restrict competition in the Polish energy market. In response, the parties to the project pulled their application to form a company to build and operate the pipeline.

"This will stop the deal," UOKiK President Marek Niechciat said in a statement.

Gazprom started calling for tenders to lay the sections of the planned pipeline in the deep waters of the Baltic Sea earlier this year, adding the additional components could be in service at some point in 2019.

The six parties to the pipeline said in an emailed statement the second phase of Nord Stream is "crucial" to European energy and each company would now work individually to find ways to support its development. The Polish decision, they added, does not impact the continuation of the six-member consortium or the construction of the pipeline, "including its scheduling."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Texas shale basin left behind
Oklahoma City (UPI) Aug 11, 2016
Leaving part of a Texas oil and natural gas shale basin will free up potentially more than a billion dollars in financial commitments, Chesapeake Energy said. Chesapeake, which has headquarters in Oklahoma, said it was exiting the Barnett shale basin in Texas, which could result in an increase in operating income by up to $300 million per year through 2019. It could also free up as much ... read more


OIL AND GAS
Low sales prices hit Czech power giant CEZ in H1

New MIT system can identify how much power is being used by each device in a household

ORNL-led study analyzes electric grid vulnerabilities in extreme weather areas

Carbon-financed cookstove fails to deliver hoped-for benefits in the field

OIL AND GAS
Making nail polish while powering fuel cells

Stanford-led team reveals nanoscale secrets of rechargeable batteries

Simulating complex catalysts key to making cheap, powerful fuel cells

Lithium-ion batteries: Capacity might be increased by 6 times

OIL AND GAS
Biofuel production technique could reduce cost, antibiotics use

National Trust historic home enjoys 21st Century heat

Patented bioelectrodes have electrifying taste for waste

The Thai village using poop to power homes

OIL AND GAS
Nuclear Inspection Benefits from New Generation Sensor Lens

South Korea Relaunches Wolsong NPP's Reactor After Fixing Technical Problem

Japan reactor restarts in post-Fukushima nuclear push

Bulgaria seeks private money for nuclear plant

OIL AND GAS
Newly discovered 'blue whirl' fire tornado burns cleaner for reduced emissions

Hidden, local climate impacts of drought-friendly vegetation

U of T researchers reduce climate-warming CO2 to building blocks for fuels

Mountain environments more vulnerable to climate change than previously reported

OIL AND GAS
New Zealand offers electric vehicle stimulus

US finds evidence of criminality in VW probe: report

China auto sales surge 23% in July: industry group

NREL assesses strategies needed for light-duty vehicle greenhouse gas reduction

OIL AND GAS
Kurdish journalist killed in northern Iraq fighting

Iraq judiciary drops corruption case against speaker

IS 'weakening' inside Iraqi city of Mosul: Pentagon

Iraq's widely reviled parliament mired in turmoil

OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.