Bulgaria is ready to issue all the necessary permits for the construction of the South Stream pipeline, according to Prime Minister Boyko Borisov. He said it will up to Gazprom whether the pipeline is built or not.
President Putin has not disclosed his future strategic plans during the annual Q&A since to surprise international markets one should always have an ace up the sleeve, French economist Jacque Sapir told RT.
The new hub on the Turkish-Greek border could deliver Russian gas to Europe, but this will depend on negotiations with European countries, Russian President Vladimir Putin said at his annual press conference with media.
Britain’s oil industry is in a “crisis” and may be “close to collapse,” a senior oil industry expert has said, as the UK’s biggest oil and gas companies continue to cut staff and investment and the price of crude slumps.
Britain’s Liaison Committee probed Prime Minister David Cameron on Tuesday on the government’s strategy for tackling climate change and developing new forms of energy such as solar power, wind power, nuclear power and fracking.
The Keystone XL pipeline may no longer make economic sense to build, thanks to falling global oil prices. However, Canada's natural resources minister is in Washington to push hard for the project’s construction.
Denmark is set to file claim with the UN to a large area of the continental shelf in the Arctic Ocean, including the North Pole. But the claim isn't likely to come without a fight, as Russia and Canada have expressed interest in the resource-rich area.
UK Energy and Climate Change Secretary Ed Davey says firms should be forced to publically disclose their investments in the fossil fuel sector, highlighting the relationship between climate risk and a predicted decline in the value of such holdings.