Chairman of Russia’s Gazprom Supervisory Board Viktor Zubkov stated with confidence that the Nord Stream 2 gas pipeline would be completed this year.
Several countries dominate the world’s natural gas supply, with total production reaching around 4 trillion cubic metres in 2019.
The British government outlined an agreement with the fossil fuel industry to move away from extracting oil and gas from waters around the UK.
The Russian oil and gas giant closed the last year with a massive loss – the equivalent of $9.3 billion.
The EU Court of Justice’s advocate has upheld the EU court decision on OPAL, the onshore extension of the Nord Stream pipeline.
Work to lay Gazprom’s gas pipeline to Germany in Danish waters is due to start in late March. The mainline is expected to be ready by September’s end.
The Russian company increased its gas supplies to Europe by almost 30 percent in the first period of 2021.
In 2020, Nord Stream AG transported 59.2 billion cubic metres (bcm) of natural gas to consumers in Europe through the Nord Stream Pipeline.
Israeli company Delek Drilling is set to sell about 10 billion cubic metres of gas from the Leviathan field located under the Mediterranean Sea.