Russia's Gazprom announces sea part of TurkStream first segment finished

30/04/2018 15:41 Natural Gas


Russia’s Gazprom announced on Monday it had finalized the sea portion of the first segment of the TurkStream offshore gas pipeline across the Black Sea.

Gazprom, which wants to achieve the pipeline in 2019, revealed that 1,161 km of pipe had been completed since it started construction in 2017.

The second line, aimed at conveying gas to south European nations like Greece, Bulgaria and Italy, will commence operations in the third quarter of 2018.

Russian Energy Minister Alexander Novak declared that Turkey’s authorization for Gazprom’s onshore part of the TurkStream pipeline’s second line was still pending.

Moscow, which depends on oil and gas profits, considers that new pipelines to Turkey and Germany - TurkStream and Nord Stream 2 – are vital to boost its market share in Europe.

Daily (07.08.2018): Brent crude rose by 0.7% on Monday as OPEC data showed lack of supply

07/08/2018 13:21:00

Oil crude prices hiked on Monday, due to sharp decline in Saudi crude outputs following the OPEC report. As concerns about the global oil supplies increased, Brent crude gained 0.7% to reach $73.75 a barrel. At the same time, WTI crude rose by 0.8% to $69.01 a barrel.


MAN Energy to supply engines for 286MW Bangladeshi power plants

07/08/2018 09:41:00

Germany-based MAN Energy Solutions has bagged two orders to supply a total of 15 MAN engines for two Bangladeshi power plants with a combined capacity of 286MW.


Germany Bulldozes Old Villages For Coal Despite Lower Emissions Goals

07/08/2018 09:31:00

The Garzweiler coal mine and power plant near the city of Grevenbroich in western Germany. Plans to expand an open-pit brown coal mine in the eastern German village of Pödelwitz have prompted protests.