Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
European energy market still on Putin's radar
by Daniel J. Graeber
Moscow (UPI) May 26, 2016


disclaimer: image is for illustration purposes only

Working with the Greek government, Russian President Vladimir Putin said his country could make regional energy aspirations for Europe a possibility.

Putin, before arriving in Greece later this week, published an article in the Greek daily Kathimerini that describes how the island nation could help support Russia's energy ambitions in southern Europe.

"As we are aware of the Greek government's plans to turn the country into a considerable energy junction in the Balkans, we have persistently included Greece in the plans to build up supplies of hydrocarbons to Central and Western Europe," he wrote.

A joint venture formed by Italian engineering company Bonatti and its Greek counterpart, J&P AVAX, secured two contracts this year for pipelines that will run through northern Greece to the Albanian border from the consortium leading the Trans-Adriatic natural gas pipeline. TAP will start delivering gas from the Shah Deniz gas project offshore Azerbaijan to European consumers in 2019 and is part of a broader regional effort to wean the market off Russian gas.

Russia supplies about a quarter of Europe's gas, though much of that runs through Ukraine, where regional conflicts have created risks to energy security.

Russian energy company Gazprom, under competition pressure from the European Commission, proposed the so-called Turkish Stream gas pipeline as an alternative to a broader South Stream pipeline network meant to feed European markets. Bulgaria's decision in 2014 to back away from South Stream led in part to a derailment of the project.

"Gazprom has been actively promoting the South Stream project but its implementation became impossible because of a prohibitive position taken by the European Commission," Putin wrote. "Although we had to curtail the project, the issue of southern routes for deliveries of our energy resources to the EU member-states remains on the agenda."

The board of directors at Gazprom met in Moscow last week to review long-term objectives in the natural gas market. While Europe is one of its main customers, the company said it aims to increase its gas export options for Asia.


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
ExxonMobil, Chevron investors defeat climate resolutions
New York (AFP) May 25, 2016
ExxonMobil and Chevron investors sided with the oil giants on climate change at annual meetings on Wednesday, rejecting shareholder resolutions to push Big Oil in a greener direction. Environmentalists had hoped positive momentum from last December's Paris climate accord would galvanize investors to prod the industry to begin the process of rethinking the oil business. But persuading t ... read more


OIL AND GAS
Changing the world, 1 fridge at a time

Could off-grid electricity systems accelerate energy access

EU court overturns carbon market free quotas

Global leaders agree to set price on carbon pollution

OIL AND GAS
Power up when the temperature is down

Technique improves the efficacy of fuel cells

Enhancing lab-on-a-chip peristalsis with electro-osmosis

Researchers integrate diamond/boron layers for high-power devices

OIL AND GAS
Modified microalgae converts sunlight into valuable medicine

Alkol Biotech sells large batch of sugarcane bagasse for 2G ethanol testing

Industry Weighs in on Green Aviation Tech

Berkeley Lab scientists brew jet fuel in 1-pot recipe

OIL AND GAS
China in 'preliminary' deal for Sudan's first atomic plant

Pakistan Applies for Nuclear Suppliers Group Membership

Russia's Maiden Nuclear Icebreaker to Be Floated Out in Mid-2016

Russia Ready to Propose ASEAN New Nuclear Electrical Power Plants - Putin

OIL AND GAS
Climate Feedback site allows scientists to correct media errors

Ocean bacteria are programmed to alter climate gases

Paris climate agreement cannot be met without farming emissions cuts

Iron fertilization won't work in much of Pacific, says study

OIL AND GAS
Volkswagen, Toyota buy into ridesharing

VW dieselgate: US judge cites progress toward settlement

Google patent glues pedestrians to self-driving cars

Fiat Chrysler suspected of emissions cheating

OIL AND GAS
Iraq forces launch assault on IS bastion Fallujah

UN urges 'safe corridors' for Iraqi civilians in Fallujah

Iraq's Fallujah operation gives PM political reprieve

Iraq forces begin assault on IS bastion Fallujah

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.