Denmark pledges to amend the law on Russian North Stream 2 gas pipeline

10/04/2017 11:08 Natural Gas


Denmark's government finds itself trapped in the middle of a geopolitical conflict as Russian state gas exporter Gazprom and its partners behind Nord Stream 2 pipeline project are looking for approval to pump more gas to Europe via the Baltic Sea to Germany.

This pushed Denmark to propose an amendment to the legislation to permit it banning pipeline projects on the grounds of foreign and security policy due to concerns raised by Russian efforts to build a controversial gas pipeline through Danish waters.


Denmark and Sweden last month asked the European Commission to intervene in Nord Stream 2 before the two states agree on allowing the pipeline transiting their waters. EU diplomats said there was unlikely for either nation to disagree with the plan.


However, EU is divided in two, with countries being against the pipeline and some of them supporting it, especially the main beneficiary Germany.


Denmark insists on the fact that the decision should be made by joined efforts with EU country members, since building a pipeline from Russia to Europe is not only a matter of Danish foreign policy, but of Europe in general.

Indonesia signs 20-year production sharing contract for Corridor block

11/11/2019 14:12:00

Indonesia’s government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters.


Iran finds new oilfield of massive size

11/11/2019 14:10:00

Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran.


Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather

11/11/2019 11:08:00

Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.