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 (16.10.2018): EU carbon prices dropped by more than 9% in a weaker session on Monday as Brexit deal not reached yet

16/10/2018 11:23:00

Oil prices increased on Monday, backed by geopolitical tensions after the disappearance of a Saudi journalist, fueling supply worries from the world’s top crude exporter. The price increase was tempered nonetheless by long-term demand concerns. Therefore, Brent crude price rose by 0.4% to settle at $80.78 a barrel.


Romania has the lowest energy consumption in the EU

16/10/2018 09:03:00

Romania has the lowest energy consumption per capita in the European Union and needs to increase its domestic consumption by expanding distribution networks and investing in new natural gas-based power plants.


Scottish Power to use 100% wind power after sale to Drax

16/10/2018 08:57:00

Scottish Power will become the first major UK energy company to generate all its electricity from wind power instead of coal and gas, after selling its final gas and hydro stations to Drax.