Siemens supplies power turbines to Russian company Technopromexport

17/03/2017 11:06 Natural Gas


Germany's Siemens supplied four gas turbines to Technopromexport’s power plant in Russia.

Under the deal, the turbines are likely to be used on Russia’s Taman peninsula.


This deal brought attention in August last year when it was speculated that these turbines could be used in Russian-occupied Ukrainian territory of Crimea for building power plants in that area.


The transaction could encounter opposition from the EU since it has forbidden European individuals and companies to provide energy technology to Crimea through established sanctions. Siemens argued that no agreement has been broken given that Taman peninsula is part of Russian Federation.


Technopromexport organized a tender in 2016 to find potential bidders which could build the Taman power plant, but no offers have been received.

Daily (14.08.2017): British wholesale gas prices rose on Friday due to an unplanned outage

14/08/2017 10:52:00

Oil prices increased on Friday, following the IEA’s report which stated that crude oil stockpiles were now below 2016 levels. The agency also raised its 2017 demand growth forecast in its previous monthly report and declared it expected demand to be further expanded next year. Despite the strong demand, markets remain well-supplied thanks to strong output. Brent rose by almost 0.4% to close at $52.10 a barrel, while WTI price rose by around 0.5% to end at $48.82 a barrel.


Britain's Tullow starts oil and gas exploration in Zambia

14/08/2017 09:56:00

British firm Tullow Oil on Friday launched exploration for oil and gas in Zambia, Africa's No.2 copper producer, as the nation strives to diversify its economy and reduce its dependence on the industrial metal.


Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year

14/08/2017 09:40:00

Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.