(World Oil)– Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural gas at a protected marine site in the North Sea in a controversial step to bolster energy security. The cabinet approved a bilateral agreement with the Netherlands on hydrocarbon deposits off the island of Borkum, according to a statement from
(Oil Price) – The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as they look to
Oil Price The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t plan to subsidize the electrification of ongoing LNG projects, the federal minister of energy added. “The government is opposed to using government money
Oil Price Crude oil from Kazakhstan started flowing via the Russian pipeline network to Poland for further delivery to Germany, Russian pipeline monopoly operator Transneft said on Monday. Kazakh crude oil began flowing to Germany via transit through Poland, Transneft’s representative Igor Demin told Russian news agency TASS. This weekend, Kazakhstan’s oil pipeline operator KazTransOil delivered 20,000 tons of Kazakhstani oil
World Oil (WO) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place on Jan. 13, attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and
US News BERLIN/FRANKFURT -Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe’s largest economy ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies. Moscow’s insistence on rouble payments for the Russian gas that meets a third of Europe’s annual energy needs has galvanised others
Reuters Germany could replace around half of its natural gas imports from Russia this year in the event of a delivery stoppage, utility industry association BDEW said on Friday The group that represents 1,900 operators in gas, power and water supply said that according to its sources, Russia’s share of Germany’s gas supply in Jan-March, which is not officially published,
Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2
Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Source: Reuters Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany
World Oil (Bloomberg) – Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.” Source: Reuters The comments came two days after President Vladimir Putin raised the stakes in mounting tension over energy with the EU. Putin imposed conditions on
Fox Business Former Secretary of State Mike Pompeo slammed the Biden administration on Wednesday for the agreement with Germany, which would allow for the completion of the controversial Russian Nord Stream 2 natural gas pipeline, arguing that it would “really undermine American national security.” Source: Fox Business The agreement, confirmed by Fox News, bucks longstanding opposition to the pipeline in Washington, D.C., and was opposed
Reuters BERLIN – The conservative and Greens candidates to succeed German Chancellor Angela Merkel after September’s federal election clashed on Thursday on the Nord Stream 2 gas pipeline from Russia, and on whether Germany should host U.S nuclear weapons. Source: Reuters In their first debate, focused on foreign and security policy, Armin Laschet, from Merkel’s conservative alliance, welcomed a decision
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