2020-10-02 11:25:00
NORD STREAM 2: DENMARK APPROVEMENT
P&GJ — 10/1/2020 - Denmark's energy industry announced its approval for the Nord Stream 2 pipeline to operate in Danish waters of the Baltic Sea, clearing one of the last remaining hurdles for the Russian project.
The Danish Energy Agency granted the permit on Thursday almost a year after the application was submitted.
The 760-mile (1230 km) has come under attack in recent months from the U.S. and other Western governments over fears that the project would increase Europe's dependence on Russia.
With nearly 90% of the pipeline completed, work was halted late last year on the final stretch of the project as American lawmakers imposed sanctions on companies working on the pipeline.
The project came under further scrutiny last month, even from Germany, the projects biggest European supporter, after a political opponent to Russian President Vladimir Putin was poisoned on a domestic flight in late August.
The Kremlin-backed project could carry as much as 55 billion cubic meters of Russian natural gas a year into Europe under the Baltic Sea, making landfall in Germany.
-----
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.
Earlier:
2020, September, 28, 12:00:00
NORD STREAM 2 BLOCKING
Nord Stream 2 would double the capacity of the gas corridor via the Baltic Sea to Germany to 110 Bcm/year and would reduce the need for Russia to use Ukraine as a transit country for gas supply to Europe.
2020, September, 17, 17:00:00
NORD STREAM 2 FOR RUSSIA
Russia says Nord Stream 2 is a commercial project -- backed by five European energy companies -- and should not be used for political point-scoring.
2020, September, 17, 16:55:00
NORD STREAM 2 FOR AUSTRIA
"Nord Stream 2 for us is an economic project, a positive project, because we believe that it is good to have more diversification and to be able to use different routes for energy supply to Europe," Kurz said during a press conference in Vienna.
2020, September, 14, 10:20:00
NORD STREAM 2 FOR EUROPE
“The Baltic Sea pipeline is above all in the interests of Germany and western Europe as we want to achieve the energy transformation,”
2020, September, 9, 11:00:00
NORD STREAM 2 FOR GERMANY
Schwesig said she agreed that Russia had to explain the poisoning, but said the crime "should not be used to challenge Nord Stream 2."
2020, September, 8, 12:40:00
NORD STREAM 2 STAKES UP
The German government led by Chancellor Angela Merkel has up to now supported Nord Stream 2, which is almost complete with just 160 km of the line left to lay in Danish waters.
Chronicle:
2020, October, 27, 14:24:00
TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
We are glad to announce that the 15th Technical Conference Tank Farms and Oil Terminals: from Advanced Design to Operational Excellence 2020 is now open.
The event will take place on 12-13 November 2020, in Saint-Petersburg.
2020, October, 27, 14:20:00
GLOBAL INVESTMENT DOWN BY 49%
Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020,
2020, October, 27, 14:15:00
JAPAN'S CARBON NEUTRALITY 2050
Japan’s previous objective was to become carbon neutral after 2050.
2020, October, 27, 14:10:00
ISRAEL'S RENEWABLE TARGET $24 BLN
This target follows an ILS80bn (US$24bn) plan unveiled in June 2020 and aimed at increasing the share of solar in the power generation to 30% by 2030,
2020, October, 27, 14:05:00
NOV VARCO NET LOSS $55 MLN
National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2020 revenues of $1.38 billion, a decrease of seven percent compared to the second quarter of 2020 and a decrease of 35 percent compared to the third quarter of 2019.
2020, October, 26, 14:05:00
OIL PRICE: NEAR $41
Brent was down $1.08, or 2.6%, at $40.69 a barrel, WTI dropped $1.05, or 2.6%, to $38.80.
2020, October, 26, 14:00:00
U.S. SHALE SURVIVORS
The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.