TO CHANCEL SOUTH STREAM
The European Parliament urged European authorities to 'stand up to' Russia, adopting a resolution to stop President Vladimir Putin's energy plans in the continent.
'MEPs call on the EU to regulate third-party businesses in the areas of gas storage, interconnectors and flow-back facilities, and urge the EU countries to cancel planned energy sector agreements with Russia, including the South Stream gas pipeline,' reads a note released by the Parliament on Thursday.
Asking for a political, not a military, solution to the stand-off over Ukraine, MEPs welcomed signs hinting at a stabilisation of the situation in the conflict areas.
'MEPs welcome the newly-passed Ukrainian laws on a special status for the contested districts of Donetsk and Luhansk and the amnesty approved by the Ukrainian Parliament on 16 September as an important contribution to de-escalation.'
On Wednesday, according to Gazprom, Serbia said it will kickstart construction works of the local leg of the South Stream in October despite opposition from Brussels and political confusion over the project in Bulgaria.
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Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.
Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.
Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.
Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years