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‘Molecules of freedom’?! US Energy Department rebrands LNG as ‘freedom gas’

4 weeks ago DieselGasoil Comments Off on ‘Molecules of freedom’?! US Energy Department rebrands LNG as ‘freedom gas’
The US Energy Department has renamed liquefied natural gas (LNG) “freedom gas” in a last-ditch effort to convince European and Asian markets its product is superior to cheaper supplies piped in from Russia. The energy agency trumpeted the expansion of its Freeport, Texas LNG Terminal, boasting of a new facility constructed specifically to supply so-called Read More

Ukraine blames EU for bad integration pact, after ousting president who refused to seal the deal

4 weeks ago DieselGasoil Comments Off on Ukraine blames EU for bad integration pact, after ousting president who refused to seal the deal
Kiev has endured trade imbalances with most of its European partners, according to the latest data from the country’s statistics agency. Ukraine is still struggling to make its domestic products meet the rigorous EU standards. In the first quarter of the current year alone, the overall trade deficit with the European Union totaled $535 million. Read More

Beijing wants more Russian gas as Gazprom’s mega pipeline to China nears completion

4 weeks ago DieselGasoil Comments Off on Beijing wants more Russian gas as Gazprom’s mega pipeline to China nears completion
China is interested in extra supplies of Russian gas through the Power of Siberia pipeline which is nearing completion, according to the Russian state-run energy giant, Gazprom, that is implementing the project. “The Chinese partners are very interested in additional volumes, though the final amount as well as the price is not agreed yet,” the Read More

World Bank ranks Ukraine as one of the poorest nations in Europe & beyond

1 month ago DieselGasoil Comments Off on World Bank ranks Ukraine as one of the poorest nations in Europe & beyond
Ukraine is rated as one of the poorest countries in Europe and Central Asia when it comes to GDP per capita, according to the country’s key creditor, the World Bank. The agency placed the nation on the same level as Moldova, Armenia and Georgia, saying that it would take Ukraine more than 50 years to Read More

Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq

1 month ago DieselGasoil Comments Off on Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq
5/16/2019 Sarqala field in the Kurdistan Region of Iraq. Photo: Gazprom Neft. MOSCOW — Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth ton of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq. Sarqala field in the Kurdsitan Region of Iraq First oil was obtained Read More

Hungary to turn to Russian gas supplies if Exxon refuses to invest in Black Sea mega-project

1 month ago DieselGasoil Comments Off on Hungary to turn to Russian gas supplies if Exxon refuses to invest in Black Sea mega-project
Budapest will resume massive purchases of Russian natural gas if US oil giant Exxon Mobil doesn’t invest in a vast Black Sea offshore project, according to Hungarian Foreign Minister Peter Szijjarto. The top official warned that Hungary may sign another deal with Russia if Exxon fails to resolve the issue by September. “Exxon Mobil can Read More

‘As if Germany is a US colony’: Bundestag energy chief lashes out at Russia sanctions

1 month ago DieselGasoil Comments Off on ‘As if Germany is a US colony’: Bundestag energy chief lashes out at Russia sanctions
Only the US – not Germany or the EU – is interested in economic sanctions against Russia, the head of the Bundestag’s economy and energy committee has said. German MPs are looking at ways to lift the restrictions, he added. Bundestag energy and economy chief Klaus Ernst of Die Linke party accused the US of Read More

Vienna has no intention of ditching Nord Stream 2 despite US pressure – Austrian president

1 month ago DieselGasoil Comments Off on Vienna has no intention of ditching Nord Stream 2 despite US pressure – Austrian president
Austrian President Alexander Van der Bellen says Vienna has no plans to withdraw from the Russian-led Nord Stream 2 gas pipeline project as the country’s energy giant, OMV, has made huge investments in the enterprise. “Austria is not going to leave the Nord Stream 2 project, and Austrian oil and gas corporation OMV especially,” Van Read More

Washington threatens European firms with sanctions over Russian gas pipeline project

1 month ago DieselGasoil Comments Off on Washington threatens European firms with sanctions over Russian gas pipeline project
Sanctioning European investors that have already provided most of the agreed funds aimed at building the Russian-led gas pipeline to Europe is totally useless, according to the operator of the Nord Stream 2 project. The comment comes amid the latest attempt by US senators Ted Cruz and Jeanne Shaheen to slap companies involved in the Read More

US must prevent construction of Nord Stream 2 pipeline to counter Russia – Pompeo

2 months ago DieselGasoil Comments Off on US must prevent construction of Nord Stream 2 pipeline to counter Russia – Pompeo
US Secretary of State Mike Pompeo has yet again lashed out at the Nord Stream 2 gas pipeline project, claiming that Moscow wants it as “leverage” over Europe, and vowed to continue efforts to disrupt it. Pompeo, well known for his vocal criticism of the pipeline project, touched upon the topic while giving a speech Read More