All operations on Russia’s Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria’s Ministry of Economy and Energy said on its website.
A group of campaigners from Reclaim the Power are currently occupying the Department of Environment, Food and Rural Affairs’ (DEFRA) headquarters in London, following the government’s decision to censor a report on the potential impacts of fracking.
The decision by the Ukrainian parliament to allow companies from the US and EU to co-manage the country’s gas pipelines could lead to the country being left with no gas supplies in the coming winter, an MP has warned in an emotional online address.
Ukraine’s parliament has passed a law that will allow foreign companies from the US and EU to co-manage Ukraine’s national gas transportation system (GTS) which has a value of around $25-35 billion, one of the largest in the world.
Ukrtransgaz, Ukraine’s national pipeline operator, has completed all the necessary construction to accept 27 million cubic meters of gas per day from Slovakia through 2019. The operations are due to start on September 1.
The Bulgarian government is under enormous pressure from the US to cancel the South Stream project, and so Bulgaria is the place to watch now, Daniel McAdams, executive director of the Ron Paul Institute for Peace and Prosperity think tank, told RT.
Kiev has turned off hot water throughout the city in an attempt to save gas for the winter months. The Ukrainian government is unsure how long people will be affected, or whether the measure will be enough to ensure winter heating.
Barack Obama has made light of Russia in his latest interview, coming up with four facts to illustrate the poor state of things in the country, which – strangely enough – had little to do with reality.
The US and EU have banned the export to Russia of hi-tech oil equipment needed in Arctic, deep sea, and shale extraction projects. This will leave Western companies, which have an estimated $35 billion invested in Russian oil, in a bind.
For America, democracy is a state that sells its mineral rights and agricultural land to US investors, otherwise, it imposes sanctions, and that's what the US wants from Ukraine, professor of economics at the University of Missouri Michael Hudson told RT.