• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 8 minutes The Inconvenient Truth Of Electric Cars
  • 12 minutes The Plastics Problem
  • 6 mins SHALE MAGIC: Let the oil flow: US to lead oil output growth through 2030: ConocoPhillips chief economist
  • 6 hours To be(lieve) or Not To be(lieve): U.S. Treasury Secretary Says U.S.-China Trade Deal Is 90% Done
  • 3 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 2 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
  • 2 hours IMO 2020
  • 4 hours EIA reports 12 mm bbls Inventory draw . . . . NO BIG DEAL . . . because U.S. EXPORTED RECORD 12 MILLION BARRELS DAY OF CRUDE + PETROLEUM PRODUCTS ! ! ! THAT'S HUGE !
  • 13 hours Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 4 hours Its called reality: Economic, policy challenges to make Asia's energy transition painfully slow
  • 13 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 2 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 21 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 3 hours Oil Demand Needs to Halve: Equinor
Exxon’s Huge Iraqi Oil Deal Under Threat

Exxon’s Huge Iraqi Oil Deal Under Threat

Contractual disagreements and the deteriorating…

Is Argentina’s Shale Boom Finally Taking Off?

Is Argentina’s Shale Boom Finally Taking Off?

After years of drilling and…

Natural Gas Pipelines Hit by Artillery Fire in Eastern Ukraine

Ukraine war

Three natural gas pipelines were damaged overnight by artillery fire in Ukraine’s self-proclaimed eastern republic of Donetsk, Russian media reported on Friday, citing gas supplying company Donbassgas.

Repair units are working to fix damages, according to Russia’s Tass news agency.

Relations between Ukraine and Russia have been greatly strained since 2014, and the two countries have been on a de facto war footing since Russia annexed Crimea, which triggered western sanctions against the Russian Federation.

Earlier this week, tension boiled up again, with Ukraine’s President Petro Poroshenko warning of a possible invasion by Russia, a week after Vladimir Putin accused Ukraine of using “terror” tactics in Crimea.

This close-to-complete-war warning by Ukraine, however, failed to move gas prices up, instead continuing its decline, signaling that there is a gas glut on the European market.

Ukraine, which is the crossroads of Russia’s gas supplies to Europe, has around 40 percent of European supplies flowing from Russia through pipelines on its territory.

Last week, Gazprom’s partners in the Nord Stream-2 pipeline project gave up the merger plan that would have seen Gazprom, Shell, OMV, French Engie, and German Uniper and Wintershall combine into a consortium to build a gas pipeline under the Baltic Sea on to Germany, thus bypassing Ukraine.

The change of plans was prompted by opposition from the Polish anti-monopoly regulator, which said earlier this year that such a consortium would unduly increase Gazprom’s already substantial influence over the Central European energy market and create an environment that could stimulate unfair competition.

Earlier this month, Poland started supplying Ukraine with natural gas. Both countries are planning on increasing the amount of gas that is exchanged between their systems. Ultimately, their goal is to connect the LNG terminal on Poland’s Baltic Sea to both central and eastern European countries.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

 



Join the discussion | Back to homepage

Leave a comment
  • Amvet on August 20 2016 said:
    No comment about the US government in Kiev using heavy artillery against the Russian speakers?

    In the past they used white phosphorus, cluster bombs, and heavy artillery to kill Russian speakers.

    Plus burning a building full of them in Odessa, but, of course, it was all Putin´s fault.

Leave a comment

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