Pipeline Business

Russia to Finance a Feasibility Study on Building a Multibillion Dollar Gas Pipeline from Iran to Pakistan

Making headway on an idea that has been discussed for at least a decade, Russia and Pakistan have reached a preliminary agreement to build a multibillion dollar offshore pipeline for the transport of Iranian gas to Pakistan and possibly to India.

While the agreement has yet to codified in an official written document, observers believe this will soon happen.

Iraq / Iran Sign Major Oil Swap Deal

In the first oil deal of its kind since Iraqi forces re-established control over Kirkuk in the northern part of the country earlier this year, Iraq has agreed to swap 60,000 barrels of oil per day for Iranian oil. The oil will be delivered by tanker truck to the border area of Kermanshah, where Iran has a refinery. Iran will deliver an equal amount of oil to Iraq's southern ports in Basra.

East Med Pipeline To Boost Europe's Energy Security

In yet another effort to enhance European energy security by diversifying sources away from Russia, a consortium of countries including Cyprus, Italy, Greece and Israel will build an 1900 km gas pipeline from the Levantine Basin in the eastern Mediterranean to Greece and Italy in 2025.

Canada's Multibillion Dollar Pipeline Industry Begins Soul-Searching Conversations On the Future

Canada's mega $15 billion Energy East pipeline project, which would have carried 1.1 million barrels of tar sands oil per day from Alberta to Canada's east coast for export, is being scrapped by TransCanada due to more stringent environmental regulations imposed by the Trudeau government.

Rosneft Trades Gas Pipeline Investment for Future Role in Supplying Europe with Northern Iraqi Gas

Rosneft and the Kurdistan Regional Government (KRG) have agreed to cooperate in the construction of a natural gas pipeline with a 30 bcm of gas per year capacity.

The pipeline will be constructed in 2019 for Kurdish domestic use, with exports due to begin in 2020.