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Russia Starts Delivering Gas to Europe Through Nord Stream Pipeline

Posted September 6th, 2011 at 12:55 pm (UTC-5)
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Russia has started feeding natural gas into a Baltic Sea pipeline that will deliver supplies to western Europe, while bypassing traditional transit routes in Ukraine. Russian Prime Minister Vladimir Putin attended a special ceremony Tuesday to mark the launch of the pipeline in the city of Vyborg in northwestern Russia. The pipeline, known as Nord […]

Tags: , Posted in Economy, Europe

Russia to Start Delivering Gas To Europe Through Baltic Pipeline

Posted September 5th, 2011 at 11:30 am (UTC-5)
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Russian Prime Minister Vladimir Putin said Monday that natural gas from northern Russia will start flowing through the Nord Stream pipeline straight to Germany this week. The Baltic Sea pipeline known as Nord Stream connects the city of Vyborg in northwestern Russia to the German port town of Greifswald, bypassing Ukraine. There have been numerous […]

Tags: , Posted in Economy, Europe

Ukraine Pressures Russia for New Gas Agreement

Posted September 2nd, 2011 at 11:15 am (UTC-5)
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Ukraine says it must reach a new agreement on the price it pays Russia for natural gas because of its plans to break up its national energy company, voiding the previous contracts. Ukrainian Prime Minister Mykola Azarov said Friday that the Naftogaz company, which signed the 10-year agreement with Russia’s monopoly Gazprom in 2009, will […]

Tags: , , Posted in Economy, Europe

Ukraine Gives Russia Ultimatum on Gas Deal

Posted September 1st, 2011 at 5:35 pm (UTC-5)
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Ukraine has given Russia a final chance to resolve a dispute over exporting less natural gas to Ukraine. Ukrainian Prime Minister Mykola Azarov said in a speech Thursday that his government will make one more attempt with Russian officials to reach a long-term agreement. He said if this does not happen, the responsibility for the […]

Tags: , , , , Posted in Europe

Ukraine Gives Russia Ultimatum on Gas Deal

Posted September 1st, 2011 at 4:00 pm (UTC-5)
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Ukraine has given Russia a final chance to resolve a dispute over exporting less natural gas to Ukraine. Ukrainian Prime Minister Mykola Azarov said in a speech Thursday that his government will make one more attempt with Russian officials to find a long-term agreement. He said if this does not happen, then responsibility for the […]

Tags: , , Posted in Europe

Iran Inks $10 Billion Gas Deal with Iraq, Syria

Posted July 25th, 2011 at 8:25 am (UTC-5)
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Iran has signed a $10 billion deal with Iraq and Syria to export Iranian natural gas to Europe. Iran’s state-run Press TV says oil ministers from the three countries inked the deal Monday to build a 5,000-kilometer pipeline to carry natural gas from Iran’s South Pars gas field. The proposed pipeline will take three to […]

Tags: , Posted in Economy, Middle East

Iraq Signs $12 Billion Gas Deal

Posted July 12th, 2011 at 5:50 am (UTC-5)
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Iraq has signed a $12 billion deal with Royal Dutch Shell and Mitsubishi to capture and use natural gas currently being flared from oil fields in the country’s south. The 25-year deal signed Tuesday must still be approved by the Iraqi cabinet, and would create a joint venture called Basra Gas Company. Iraq will hold […]

Tags: , Posted in Economy, Middle East

Explosion Guts Israeli Apartment Building, Killing Four

Posted June 17th, 2011 at 4:35 am (UTC-5)
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Israeli officials say they believe a gas leak caused a massive explosion that gutted an apartment building, killing four people and injuring dozens of others. Authorities said the blast occurred early Friday in the coastal city of Netanya. They describe the explosion as an accident. Investigators are trying to determine the exact cause of the […]

Tags: , , Posted in Middle East

Bangladesh, US Energy Giant Sign Gas Exploration Deal

Posted June 16th, 2011 at 9:45 am (UTC-5)
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Bangladesh has signed a deal with the American company ConocoPhillips in a bid to locate new sources of gas before the country’s current reserves run out within the next few years. Government officials announced the deal Thursday, saying the agreement gives the U.S. energy giant exploration rights to two areas in the Bay of Bengal. […]

Tags: , Posted in South Asia

Ukraine, Russia Open Gas Price Talks

Posted June 7th, 2011 at 1:05 pm (UTC-5)
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Ukrainian Prime Minister Mykola Azarov says he hopes to find mutually beneficial solutions to the problem of Ukraine’s gas contracts during talks in Moscow Tuesday with Russian Prime Minister Vladimir Putin. At a meeting of the Ukrainian-Russian intergovernmental commission for economic cooperation, Mr. Azarov said his country believes the existing market-based agreement is unrealistic and […]

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