Petroleum production
Ankara shuns Moscow's potential gas threat with Qatari accord
Turkey has been exploring new energy alternatives amid the ongoing diplomatic crisis with Russia, although officials continue to view any potential gas blockage by Russia as unlikely. In this vein, Turkey's gas grid BOTA?
Weak currency adds 11 billion lira to Turkey's natural gas bill
The weakness of the Turkish Lira against the U.S. dollar has placed an extra 11 billion lira ($3.82 billion) burden on Turkey?s natural gas bill since the beginning of the year, Energy Minister Taner Y?ld?z said on Aug. 19.
Croatia Gives Krk Gas Terminal 'Strategic' Status
The Croatia government on Thursday declared the planned construction of a liquefied natural gas - LNG - terminal on the island of Krk a "strategic investment project".
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US walrus protections hit Shell's Arctic drilling plan
The Obama administration dealt a setback to Royal Dutch Shell's Arctic oil exploration plans on June 30, saying established walrus and polar bear protections prevent the company from drilling with two rigs simultaneously at close range, as it had planned.
Cleanup of oil-fouled California beach could take months
The U.S. Coast Guard captain overseeing cleanup of oil spilled from a pipeline rupture that closed two California state beaches and fouled offshore waters near Santa Barbara said May 21 that it may take months to restore the area to its natural condition.
European Commission Urges Southeastern Europe to Build More LNG Terminals
The European Commission has recommended that Southeastern European countries strive to build LNG terminals to avoid gas supply disruptions and to boost energy security.
European Commission Vice-President Maros Sefcovic announced a comprehensive plan for SEE countries aimed at guaranteeing access to at least three sources of gas, according to reports of the Bulgarian Telegraph Agency.
Turkey's gas imports to increase by 10 percent in 2015: Ministry
Turkey?s natural gas imports for 2015 are projected to reach 52.2 billion cubic meters (bcm), an increase of 9.6 percent compared to last year, according to the Energy Ministry.
Gas consumption has been steadily increasing in Turkey because of the country?s developing industry and increasing population, and Turkey imported a total of 47.6 bcm of natural gas in 2014.
Bad timing for tenders as oil rates decline
By Chryssa Liaggou
The first major opening of the domestic hydrocarbon market happens to have coincided with the unexpected and rapid decline in global oil prices. This has raised concerns in the Energy Ministry about two tenders for the concession of 20 blocks in the Ionian Sea and south of Crete, as well as three blocks in Arta-Preveza, Aitoloakarnania and northwestern Peloponnese.
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Shippers invest 1.44 bln euros in 11 LNG carriers
By Nikos Roussanoglou
Greek shipowners have invested a total of 1.44 billion euros in acquiring 11 liquefied natural gas (LNG) carriers so far this year, according to a report in Tuesdays Wall Street Journal.
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Gas hub set to form in Greece as supplies converge, Depa says
Greece can become a natural gas price hub for southeast Europe within three to four years as supply projects come together in the Mediterranean nation, according to Depa SA.