Gazprom gets more permits for Nord Stream 2 by Daniel J. Graeber Washington DC (UPI) Jun 08, 2018 Russian energy company Gazprom said it received the necessary permit to advance construction of the Nord Stream gas pipeline through Swedish waters. "This is an important milestone for our project," Lars Gronstedt, Gazprom's senior advisor for Nord Stream 2, said in a statement published Friday. Sweden's government issued the permit necessary for Gazprom to build and operate the 315 mile section of the planned second leg of the Nord Stream gas pipeline in its territorial waters. Gazprom is doubling the pipeline with more capacity along the network's existing 760-mile artery. Most of the Russian gas headed to the European market runs through Soviet-era pipelines in Ukraine. Political turmoil between Kiev and Moscow over gas arrears and later military conflict that followed Ukraine's pivot toward Europe exposed vulnerabilities to European energy security. The Nord Stream pipeline avoids Ukrainian territory by running through the Baltic Sea to Germany. Plans to double the network have been meet with concerns from the United States and Europe, who worry about Gazprom's anti-trust behavior and Russia's tacit strategy of using energy for political leverage. Gazprom, however, said its regional support is strong, with permits necessary for construction granted so far from Germany and Finland. "The national permitting procedures in the two remaining countries along the route -- Russia and Denmark -- are proceeding as planned," the company's statement read. Washington, for its part, has countered that strategy by trying to get more U.S. gas into the European market. Sanctions pressures, meanwhile, from Washington could impact non-Russian involved in the project. Austrian energy company OMV, a project partner and consistent Gazprom partner, said the network is "of critical strategic importance ... as it will secure consistent, long-term gas supplies to Europe."
Qatar taps into giant Argentinean shale reserve Washington (UPI) Jun 4, 2018 Buying an equity stake in the Vaca Muerta shale natural gas basin in Argentina marks a debut in unconventional resources, Qatar Petroleum announced. The state-owned petroleum company in Qatar said it reached an agreement with U.S. supermajor Exxon Mobil to take a 30 percent stake in its operations in Argentina. The arrangement gives Qatar Petroleum access to the Vaca Muerta shale basin, located onshore in the Neuquén basin in Argentina. "This is an important milestone, as it marks Qatar ... read more
|
|
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. |