News - page #39

India’s ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said on Thursday.

Poised to carry 15.75 billion cubic meters of Russian natural gas to Turkey annually, the TurkStream pipeline will be operational in 2019, while negotiations on the route for a second line that will carry gas to Europe are in progress, authorities said at a public session.

The European Commission, watchdog of the EU treaties, is throwing everything it has at Russia’s planned 55 Bcm/year Nord Stream 2 pipeline across the Baltic Sea to Germany in its efforts to keep Russian natural gas transit flows to the EU through Ukraine a viable option.

China is expected to exceed the target of decreasing greenhouse gas emissions by 40% to 45% by 2020, said Li Gao, an official in charge of climate change from the National Development and Reform Commission, the 21st Century Business Herald reported.

A consortium led by France’s Total moved a step closer to exploring for oil and gas off Greece after signing a lease on Tuesday with the government for a block in the Ionian Sea.

The Baltic Pipe, which will run via Denmark, is Poland’s flagship project aimed at reducing reliance on gas supplies from Russia.

Poland will be allowed use underground gas stores in Ukraine under a new deal between Polish gas giant PGNiG and Ukrainian gas transit operator Ukrtransgaz.

The gas industry and its backers spent over €100 million in lobbying activities in Brussels in 2016, according to a new report by Corporate Europe Observatory, published on Tuesday (31 October).

There is still a large gap between the pledges by governments to cut greenhouse gas emissions and the reductions scientists say are needed to avoid dangerous levels of climate change, the UN has said.

Russia, which controls and manages huge gas reserves in energy-rich Iran, plans to export gas to Pakistan and India by laying an offshore pipeline, ignoring pressure from the United States that has fiercely opposed the building of Iran-Pakistan (IP) gas pipeline for years.

The regulator charged with implementing Energy Secretary Rick Perry’s plan to keep coal plants online has something in common with the former Texas governor: Both men believe that coal and nuclear power are more reliable than other energy sources.

Georgia will start receiving Azerbaijani natural gas via a new route starting from November, Report’s Georgia bureau informs citing the local press.

The Trans Anatolian Natural Gas Pipeline (TANAP) project, which is developed jointly by Turkey and Azerbaijan is a strategic project of great importance for Europe’s energy security as well, Turkey’s President Recep Tayyip Erdogan said in an interview with Trend, Azertaс and APA.

U.S. gas exporters and traders are aiming to grab a bigger chunk of the lucrative, growing business of exporting gas to China, the world’s third-largest buyer, when they accompany Commerce Secretary Wilbur Ross to China next month.

Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency said on Tuesday.

Pollution causes 9 million deaths around the world every year, according to a landmark new study which found that one in six of all deaths are linked to polluted air, water and soil, EurActiv reports.

The creation of Azerbaijan-Georgia-Turkey energy bridge in the future will allow Azerbaijan to integrate into European electricity market, Etibar Pirverdiyev, head of electricity producer Azerenerji JSC, wrote in his article published by the “Azerbaijan” newspaper on October 19.

Some European Union leaders have raised objections to Russia's plan to build a new gas pipeline to Germany at a summit in Brussels, but the bloc is divided on the matter and took no action, European Commission President Jean-Claude Juncker says.

Norway is at the forefront of Europe’s green energy shift, but it is also its biggest crude oil producer.

There will be no billion-dollar bets on green energy by BP because it is too early to tell which technologies will triumph, Bob Dudley has said.