On November 19th, 2018, Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan marked the completion of the offshore phase of a gas pipeline linking the two nations from underneath the Black Sea.
The development of the huge gas field in the Romanian part of the Black Sea could be halted due to the new legislation that angered the major oil&gas companies.
The Hungarian government wants to diversify the sources of natural gas imports, with Polish and Croatia terminals supplying the US and Qatari LNG. But its main focus remains Russian gas, as the Turskstream pipeline makes clear.
The summit of the Three Seas Initiative (TSI) in the Romanian capital Bucharest showed an important thing: the Initiative is not only economically interesting, it is turning into a serious project.
Lithuania's governmental commission for economic infrastructure development gave permission to buy the FSRU LNG terminal Independence, currently rented, after 2024.
In recent times, the transatlantic rift has been most visible in the discussions about two foreign policy issues: the re-imposition of sanctions on Iran and the pipeline project connecting Russia and Germany, known as Nord Stream...
The US natural gas “revolution” has already benefitted European gas consumers: Gazprom has been obliged to lower the prices of many of its long-term contracts with European customers.
The Baltic Pipe project has obtained a welcome boost in the form of financing from the European Union, to a maximum of EUR18.3m, as well as having its route recommended.
The US natural gas revolution has already benefited European gas consumers: Gazprom has been obliged to lower the prices owing to the availability of cheaper LNG cargoes once destined for the US.
Ukraine buys gas in Europe for four times higher price than the one offered by the Russian state gas giant Gazprom. But the Gazprom-Naftogaz problems go beyond the prices and gas exports.