Minsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported. “We slightly contracted in July, (our gross domestic product fell) by 0.2%. But this happened specifically due to a 700,000 ton decrease…
Consortium of South Korean companies completed construction of the second combined-cycle gas turbine with capacity of 450 MW at the Talimarjan thermal power plant in Kashkadarya region. The second block started to generate electricity. The third block will start its operation by the end of 2016. With full realization of the project production capacity of…
The construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said. TAP AG tweeted on August 24, that it started welding pipes in Greece and Albania. All welds undergo ultrasonic testing, TAP said. TAP project envisages transportation…
The pressure in the Russian gas transportation system at the junction point with the Ukrainian gas transportation system has fallen significantly, energy holding Naftogaz Ukrainy said in a statement. “Naftogaz Ukrainy is concerned with Gazprom’s systematic violations of the transit contract conditions in provision of a minimal allowed pressure of gas at the entry point…
National Nuclear Generating Company Energoatom seeks to finance building of the centralized spent nuclear fuel storage facility via the issue of securities on the U.S. stock market with the help of Bank of America Merrill Lynch. Energoatom announced the start of negotiations with Bank of America Merrill Lynch regarding coordination of due diligence, drafting preliminary…
Some 74 billion cubic meters (bcm) of gas and 19 million tons of condensate have been extracted since the beginning of operation at the Azerbaijani Shah Deniz gas condensate field, Khoshbakht Yusifzade, first vice president of Azerbaijan’s state oil company (SOCAR), said. He added that the reserves of the Shah Deniz field were estimated at…
Georgia’s State Security Service said it had prevented an attempt of blowing up a part of a gas pipeline that supplied the Russian natural gas to Armenia. Five Georgian nationals were detained on August 20, for illegal purchase and storage of firearms, ammunition and explosives with the goal of carrying out a terrorist attack, the…