Kazakh National Oil and Gas Company KazMunaiGas (KMG) plans to liquidate some of its subsidiaries and take its functions, KMG chairman Sauat Mynbayev announced. “KazMunaiGas – Refinig and Marketing” will be liquidated probably until the yearend, “KazTransGas” will be liquidated in the first half of 2017″, Mynbayev said. He noted that subsidiaries of KazTransGas –…
Participants of the session of the Council of Ministers Presidium discussed the concept of the bill on power engineering. The session was chaired by Prime Minister of Belarus Andrei Kobyakov, the press service of the Belarusian government reported. The Prime Minister pointed out that it was the second time the matter had been submitted for…
Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has proposed to put shelf fields seized by Russia to sign product sharing agreements (PSA) with foreign companies. “If we let courts hear all these things, nothing would happen and nothing would be taken from Russia. We have another proposal. I think that it would settle the…
Ukraine has enough energy at the beginning of winter, Ukrainian President Petro Poroshenko has said. “One of the achievements we showed in the past two years is that today the share of gas-consuming energy in the balance of energy consumption is around 60%. At present we have enough coal stocks and enough gas in storage…
The Southern Gas Corridor (SGC) project is running in very professional manner, European Commission Vice President for Energy Union Maros Sefcovic reported. Sefcovic said that the competition was very tough, but he was confident that Caspian gas would reach Europe before 2020 via the Southern Gas Corridor. “An enormous investment was made. The project is…
Azerbaijan’s state oil company SOCAR made a decision to extend the term of a letter of guarantee on the tender to buy a 66-percent stake in the Greek national gas transmission system operator DESFA for another month, Anar Mammadov, SOCAR Energy Greece executive director, reported. “We are trying to find a mutually acceptable solution”, he…
The interconnecting gas corridor between Macedonia and Greece will use the Trans-Adriatic Pipeline (TAP) for supply of natural gas from Azerbaijan, CEO of Macedonian Energy Resources Skopje company Krste Miladinov reported. TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan’s Shah Deniz gas and condensate field to the EU countries.…