Three quarters of Nord Stream 2 pipeline complete

27/08/2019 09:10 Natural Gas


The Nord Stream 2 gas pipeline project is now 75% complete, the Nord Stream Company responsible for its construction said in a statement Monday.

Once completed, the project will transport natural gas over some 1,230 kilometers from the world’s largest gas reserves in Russia to Europe.


According to the statement, the second string of the pipeline will largely follow the route of the first Nord Stream pipeline and will have the capacity to transport 55 billion cubic meters of gas per year, enough to supply 26 million European households.


A total of 1,855 kilometers of the pipeline has been laid in the Baltic Sea in Russian, Finnish, Swedish and German waters, the statement said. "This corresponds to 75 percent of the overall length of the twin pipeline."


Daily (14.10.2019): Brent crude climbed by over 2.4% on Friday, following an Iranian tanker explosion in the Red Sea

14/10/2019 11:48:00

Crude oil prices soared on Friday, bolstered by rising tensions in the Middle East following a missile attack on an Iranian tanker. Hence, Brent crude traded 2.4% up at $60.51, while WTI futures rose by 2.2% to $54.70 a barrel.


Repsol sets up renewables unit

11/10/2019 16:01:00

Spanish oil business Repsol has established a renewable energy subsidiary, Repsol Renovables and plans to have 4.5 GW of clean energy generation capacity in 2025. And the fossil fuel giant claims it already has a clean energy pipeline in place sufficient to hit 90% of that ambition.


Chongqing gas mine plans to build 10 billion square gas field

11/10/2019 15:58:00

Chongqing Daily reporter learned that the gas mine is speeding up the shale gas business and tapping the potential of the old area, and plans to stop the decline and pick up natural gas production by 2020, with natural gas production exceeding 5 billion square meters by 2025 and 8 billion square meters by 2035 and striving to reach 10 billion square meters.