Vice-President of European Commision Attends Southern Gas Advisory Council Meeting

Yesterday  a ministerial meeting of the Southern Gas Advisory Council was held in Baku, Azerbaijan. Participants discussed bringing gas to EU markets from regions to the south and east of Europe along the Southern Gas Corridor. European Commission Vice-President Maroš Šefčovič and the President of Azerbaijan, Ilham Aliyev, attended the …

Palestinians Discuss Development of Gas Field with Shell

The Palestinian Investment Fund (PIF) announced on Monday that it has been discussing the development of Gaza Marine Gas Field with Shell, Anadolu has reported. Gaza Marine is about 30km off the coast of the Gaza Strip in the eastern Mediterranean; it is estimated to contain about 28 million cubic …

Nord Stream 2 to Play Crucial Role in EU’s Energy Security

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg yesterday. The meeting addressed Russian gas supplies to Austria. In 2016, Gazprom exported 6.1 billion cubic meters of gas to Austria, which was …

IBC Committees Hold Joint Meeting

Paris hosted recently  a joint meeting of two Working Committees (the Modern Technologies and Prospective Oil and Gas Industry Projects Working Committee and the Information and Communications Working Committee) of the International Business Congress (IBC). The meeting was moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and …

Bulgaria and Serbia Signed Memorandum of Understanding on Gas Interconnector

Bulgarian outgoing Minister of Energy Temenuzhka Petkova and her Serbian counterpart – Minister of Energy and Mining Aleksandar Antić, inked a Memorandum of Understanding on the project for construction of a gas interconnector between Bulgaria and Serbia, FOCUS New Agency journalist reported. Under the document the two countries agreed to …

Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades

Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause “spikes” in prices and affect the global economy, according to the president and CEO of Saudi Arabian Oil Company (Saudi Aramco). Speaking Tuesday at the …