News / International
Central, Eastern EU Countries Object to Nord Stream-2 Gas Project
Governments of eight central and eastern European countries have raised objections to Russia's Nord Stream-2 gas pipeline project in a letter addressed to European Commission's President, Jean-Claude Juncker, on the grounds that it may be "potentially destabilizing geopolitical consequences,"
Israeli-Jordanian Gas Pipeline to Come Online in 2017
An Israeli-Jordanian pipeline will start supplying natural gas from the Israeli Tamar offshore field to Jordan in 2017 for an initial term of 10 years.
Russia Begins Oil, Gas Exploration in Iran
Two major Russian companies, Rosgeologia and Lukoil, together with the National Iranian Oil Company, have started a new round of studies on geological and geophysical oil and gas exploration in Iran.
EU Backs Finland’s LNG Terminal Projects
Finland will provide $31.5m in public funding to help finance a small-scale liquefied natural gas (LNG) terminal at the Hamina port, on the Finnish south-east coast, as an energy security option. The EU has approved the project.
Iraq Marks First Historical Natural Gas Export
Iraq exported the first shipment of 10,000cm of natural gas in its history in March, which marks a key development for the OPEC member struggling to feed its cash-strapped economy amid an expensive fight against the so called Islamic State.
Eni Plans $14b in Cost Cuts, Asset Sales
Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambique and Egypt as prime candidates.
Al-Qaeda’s North African Branch Claims Attack on Algerian Gas Plant
Al Qaeda in the Islamic Maghreb has claimed responsibility for a recent rocket-propelled grenade attack on an Algerian gas plant operated by Norway's Statoil, UK's BP and Algerian state-run gas company Sonatrach.
Russia Cuts Oil Reserves Estimates 50% to Last Until 2044
Russia will run out of oil by 2044, with production beginning to decline in 2020, according to the Minister of Natural Resources and Environment. According to experts, the volume of proved reserves was cut by 50%, which is about 14b tons, and they will last for only 28 years. 
