Merkel Wants $10 Billion To Expand Russian Subsea Gas Pipeline

By Weixin Zha and Anna Shiryaevskaya (Bloomberg) Hidden by pine forests near the deserted site of what was once East Germany’s biggest nuclear reactor, two shiny pipelines emerge from the Baltic Sea to mark the spot where Chancellor Angela Merkel is trying to secure the country’s energy future. Not far from the Hanseatic town of Greifswald -- an area Merkel represents … [Read more...]

Saipem Gets Green Light for South Stream Pipelay Project

Saipem has just been given the go-ahead by South Stream Transport BV to commence construction of a multi-billion dollar 931 kilometer subsea gas pipeline that will connect Russia to Europe through the Black Sea. Water depths for this pipeline will reach up to 2200 meters. South Stream Transport B.V. is wholly-owned by Gazprom. Russian natural gas also flows via a … [Read more...]

Colombian Floating LNG Startup Uncertain Says Pacific Rubiales

Feb 2 (Reuters) - Pacific Rubiales, forced by low oil prices to delay the start-up of its Colombia liquefied natural gas (LNG) plant, said it was impossible to predict when exports would begin, but it was working with buyer Gazprom on alternative options. "The significant drop in oil prices has meant that we have had to reconsider all of our capital expenditures," Peter … [Read more...]

Rep. Garamendi Pushes for U.S.-Flagged LNG Carriers as Gazprom Signs Supply Deal

While President Obama met with India last week to discuss clean energy and climate change mitigation initiatives, Russian energy giant Gazprom was signing commercial contracts to supply the subcontinent with natural gas (LNG). Gazprom says 2.9 million tons of LNG per year will originate from the Yamal LNG project and be delivered to the Asia-Pacific markets, mostly to India … [Read more...]

Gazprom Neft Delivers First Arctic Crude from Novy Port

Gazprom Neft announced today has made a summer shipment of oil from Novoportovskoye, its new crude oil terminal on the southeast coast of the Yamal Peninsula at the mouth of the Ob River.  Also known as Novy Port, it is located far from existing pipeline infrastructure and will be operated year-round with the help of icebreakers in order to deliver crude oil by sea to European … [Read more...]