• 2 hours Conflicting News Spurs Doubt On Aramco IPO
  • 3 hours Exxon Starts Production At New Refinery In Texas
  • 4 hours Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 22 hours Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 22 hours Oil Gains Spur Growth In Canada’s Oil Cities
  • 23 hours China To Take 5% Of Rosneft’s Output In New Deal
  • 24 hours UAE Oil Giant Seeks Partnership For Possible IPO
  • 1 day Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 1 day VW Fails To Secure Critical Commodity For EVs
  • 1 day Enbridge Pipeline Expansion Finally Approved
  • 1 day Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 1 day OPEC Oil Deal Compliance Falls To 86%
  • 2 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 2 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 2 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 2 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 2 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 2 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 5 days Texas Shutters More Coal-Fired Plants
  • 5 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 5 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 5 days Chevron Quits Australian Deepwater Oil Exploration
  • 5 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 6 days Husky Energy Set To Restart Pipeline
  • 6 days Russia, Morocco Sign String Of Energy And Military Deals
  • 6 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 6 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 6 days India Needs Help To Boost Oil Production
  • 6 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 6 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 6 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 6 days District Judge Rules Dakota Access Can Continue Operating
  • 7 days Surprise Oil Inventory Build Shocks Markets
  • 7 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 7 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 7 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 7 days Oil M&A Deals Set To Rise
  • 7 days South Sudan Tightens Oil Industry Security
Busting The Lithium Bubble Myth

Busting The Lithium Bubble Myth

Lithium demand continues to grow…

The U.S. LNG Boom Could Be About To Stall

The U.S. LNG Boom Could Be About To Stall

United States LNG has seen…

Erwin Cifuentes

Erwin Cifuentes

Erwin Cifuentes is a Contributing Editor for Southern Pulse Info where he focuses on politics, economics and security issues in Latin America and the Caribbean.…

More Info

Critical Romania-Bulgaria Gas Pipeline To Come Online By Year’s End

Pipeline

A delayed natural gas pipeline between Bulgaria and Romania that was supposed to be completed in 2013 will purportedly become operational later in 2016.

"The interconnector will be completed by the end of this year," Corina Popescu, Romania's secretary of state at the Ministry of Energy, said at an energy traders conference on Wednesday according to Reuters.

Work on the planned 25-kilometer pipeline that would be primarily situated in Bulgaria first commenced in 2012 but has been hampered by technical difficulties.

Once completed the channel is expected to transfer a maximum of 1.5 billion cubic meters (bcm) of natural gas per year from Bulgaria to Romania while the capacity in the opposite direction will be 500 million cubic meters per year.

Romania produces approximately 11 bcm of gas per year, which fulfills about 75 percent of its annual needs, while the remaining quarter is imported from Russia. Bulgaria, meanwhile, is said to be “almost fully reliant on Russian imports”. Energy demands for both states were dealt a blow when Russia in December 2014 decided to scrap its South Stream pipeline project.

Russian President Vladimir Putin insisted last week that plans for South Stream were not canceled in their entirety.

Nevertheless, both Romania and Bulgaria over the past eighteen months have sought natural gas alliances with other countries and tried to lessen their dependence on Russian supplies.

Related: Solar To See Twice As Much Investment As Fossil Fuels By 2040

Bulgaria has sought to build a gas link with Greece, while both countries joined 13 other European states in a comprehensive energy pact that includes expediting the building of gas links and developing a fully integrated energy market.

Popescu also declared intentions of completing a 171-kilometer, 400-kilovolt power line with Serbia by 2017.

Romanian natural gas companies have come under scrutiny over allegations of blocking gas exports to several European Union (EU) countries. EU antitrust regulators on June 6th raided the offices of state-owned Transgaz, Romgaz and OMV Petrom.

By Erwin Cifuentes for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News