Robert Kasande of the Ugandan Ministry of Energy and Mineral Development has announced that compensation to those affected by the Ugandan section of the planned East African Crude Oil pipeline could reach the equivalent to $18 million.
More than ten years of complex negotiations between Angola and neighboring Zambia have resulted in a $5 billion deal to build a products pipeline between Lobito and Lusaka.
At the signing ceremony in Luanda, the Zambian government was represented by Energy Minister Mathew Nkhuwa, with Angola represented by Petroleum Minister Diamantino Pedro Azevedo.
Leading energy stakeholders endorsed President Biden’s climate-change commitments on Thursday 22nd of April.
Northern Macedonian’s Prime Minister Zoran Zaev is expected to visit Athens in early May to sign a treaty promoting a pipeline gas interconnection project linking the two Balkan country’s gas networks.
Nord Stream 2 has been the centre of a long-running dispute between the United States and Germany. Washington has criticised Nordstream 2 for potentially increasing Europe’s dependence on Russian gas but at the same time seeing it as reducing opportunities for US liquid natural gas exports to Europe.
The U.S. Senate Foreign Relations Committee of the US Congress has acted to put some teeth into its much ballyhooed Nordstream 2 sanctions policy by approving The Ukraine Security Partnership Act. This measure authorizes $300 million in foreign military financing, of which $150 million would be subject to conditions.
It’s not surprising that America’s oil and gas sector is not totally enthusiastic about President Biden’s $2.25 trillion American Jobs Plan which incorporates raising corporate taxes and, should it gain Congressional approval, designation of monies to facilitate the country’s transition from fossil fuels towards clean energy.
Mexico said it will begin construction of Cuxtel 1, a 16-kilometer, 36 inches diameter pipeline that will supply natural gas to the Yucatan Peninsula to produce electricity more cheaply.
A motley coalition of nationalities and supranational organizations have reconciled differences to help construct a natural gas pipeline running from Israel into the Gaza Strip.
At first glance, it seems the new Joe Biden administration will be adopting the same punitive policy vis-vis Nord Srteam 2 as its predecessor: Nord Stream 2 should not go into operation and sanctions should be used as a means to this end.
India’s Finance Minister, Nirmala Sitharaman in a recent budget speech announced plans to monetise (privatise) existing oil and gas pipeline infrastructure, which is operated by various state-owned assets including the Indian Oil Corporation (IOC), gas utility GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).
For years oil companies' poor maintenance of Nigerian oil infrastructure including leaking pipelines has devastated the country's Bayelsa State in the Niger Delta.
As President Biden enters the Nord Stream 2 conundrum, asserting the pipeline is a "bad deal" for Europe, Gazprom has begun a public campaign extolling the virtues of a pipeline that will help Russia and Europe to meet its most ambitious climate goals.
Nord Stream AG said yesterday that "the laybarge Fortuna has started works in the construction corridor in the Danish EEZ, ahead of the resumption of the Nord Stream 2 construction."
While Russian gas producer Gazprom has acknowledged in a Eurobond prospectus that Nord Stream 2 gas pipeline project may be suspended or scrapped due to political pressure, the Kremlin followed on the same day to assert that the project would be completed.
