Space Industry and Business News  
OIL AND GAS
Gazprom confident Nord Stream II will get built
by Daniel J. Graeber
Moscow (UPI) May 18, 2016


disclaimer: image is for illustration purposes only

Despite regional reservations, Russia's Gazprom said expanding a Baltic Sea gas pipeline would add another layer of reliability for European energy markets.

Gazprom said it gathered the relevant parties in Moscow to review developments of the planned second phase of the twin Nord Stream natural gas pipeline running through the Baltic Sea to Germany. The company said it's already ordered pipelines and reviewed the subsea route.

"The meeting participants stressed that the new gas pipeline would dramatically increase the reliability of energy supplies to Europe and strengthen the liquidity of gas hubs, thus facilitating the development of the European gas market," the company said in a statement.

Gazprom signed shareholder agreements on the development of the second phase of the twin Nord Stream pipeline system last year with its counterparts at German energy companies BASF and E.ON, as well as those from French company ENGIE, Austria's OMV and Royal Dutch Shell.

Under the proposed expansion, two more lines would be added to the existing network, roughly doubling the pipeline's net capacity.

The European Union has expressed concern about Russia's control over the regional market as the Russian gas company typically controls both the transit networks and the reserves they deliver. Maros Sefcovic, a European leader on energy issues, said the expansion would "alter the landscape" of the regional energy sector by blocking new sources and suppliers in Europe.

Gazprom nevertheless said it was calling for tenders to lay the sections of the planned pipeline in the deep waters of the Baltic Sea.

"The meeting participants expressed their confidence that the project would be successfully delivered and the gas pipeline would be commissioned before late 2019," Gazprom said.


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
Oil prices sink on demand pressures
New York (UPI) May 17, 2016
Crude oil prices moved lower in early Tuesday trading after U.S. data showed the consumer price index increased at its fastest pace in more than three years. The index, which serves as a barometer to gauge inflation, increased 0.4 percent in April and, over the last year, rose 1.1 percent for all consumer items on a seasonally adjusted basis. "The seasonally adjusted all items in ... read more


OIL AND GAS
Scientists take a major leap toward a 'perfect' quantum metamaterial

Dynamic dazzle distorts speed

Scientists create 'rewritable magnetic charge ice'

UW team first to measure microscale granular crystal dynamics

OIL AND GAS
How the Marriage of Third Offset, Better Buying Power Affects Industry

Industry Wants to Ensure the Warfighter Is Always Supported

SES Enables Danish Defence Wideband Global Satcom System Connectivity

Harris providing advanced satcom terminals to Army

OIL AND GAS
Pre-launch processing is underway with Indonesia's BRIsat for the next Arianespace heavy-lift flight

New Antares Rocket Rolls Out at NASA Wallops

First work platforms powered tested in VAB for Space Launch System

SpaceX's Dragon cargo ship splashes down in Pacific

OIL AND GAS
Payload integration begins for Arianespace's next Soyuz mission with Galileo spacecraft

Galileo satellites fuelled for flight

Satellites 11 and 12 join working Galileo fleet

Operation of 'Indian GPS' will take some more time: ISRO

OIL AND GAS
Saab to unveil first Gripen E aircraft this week

Paramount announces armed ISR aircraft

New TH-119 helicopter unveiled for military pilot training

U.S. Navy contracts Boeing for P-8A aircraft component repair

OIL AND GAS
Ferrous chemistry in aqueous solution unravelled

Cobham announces new GaN-based solid state technology

Primitive quantum computer finds application

First single-enzyme method to produce quantum dots revealed

OIL AND GAS
Earth's magnetic heartbeat

Spotlight on our living planet

Now 40, NASA's LAGEOS Set the Bar for Studies of Earth

Underground fungi detected from space

OIL AND GAS
Residents near Madrid return home as toxic tyre blaze under control

Floods and coastal erosion may expose contents of UK landfills, study finds

Thai villagers hail gold mine closure in rare environmental win

Mexico eyes anti-pollution measures for smoggy capital









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.