Denmark is under pressure to decide whether a new Russian pipeline supplying gas to Germany can be constructed near its Baltic coast. Copenhagen does not
Category: Europe
UK-Based Sirius Minerals Reports Deeper Losses
Sirius Minerals reported a more profound annual loss, as it was continuously investing in the development of a new fertilizer project in Yorkshire, UK. The
Europe’s Oil Exploration: Energy Business to Break Even at $60 per Barrel
Europe is typically not seen as the first place that comes to mind when thinking about oil production, yet the old continent is promoting the
Gazprom Cut Off Gas Deals with Ukraine, Europe-Bound Shipments Still Secure
Ukraine has not been supplied any Russian gas for more than two years but was about to receive new shipments this month. When Russian energy
‘Crimea’s Effect’: Naftogaz to Pay Gazprom $2.56 Billion in Court Settlement
Ukrainian state-run energy company Naftogaz said that Russia’s giant Gazprom would have to pay it $2.56 billion after a Swedish court ruled in Naftogaz’s favor
Market Update: China Inks a Long-Term Deal to Import American LNG
China has entered its first long-term deal to import US liquefied natural gas, following a move by the White House to open the rapidly growing
Building Pipeline Controversies: EIB Earmarks €1.5bn for Southern Gas Corridor
The European Investment Bank (EIB) is going to invest €1.5bn in a natural gas pipeline connecting Italy, Greece, and Albania despite the fact that the
Potash Market Update: Norway’s Yara Helps Produce Potash in the Arab World
The Arab Potash Company (APC) and Yara International ASA, a Norwegian chemical company, are partnering to invest $200 million to fund a new production line
Turkey Stops Cypriot Drill Ship in East Mediterranean
Cyprus yesterday (11 February) accused Turkey’s military of obstructing the vessel “Saipem 12000” contracted by Italian oil firm Eni from getting closer to an area
Potash Update: Sirius Minerals’ Polyhalite Mine ‘on Time and on Budget’
Construction of a huge £2.3bn mine in North Yorkshire is “on time and on budget”. Works started in January last year near Whitby, a seaside