A scenic view of Gazprom facility in Russia.
The $21 billion Arctic liquefied natural gas (LNG)-2 project led by Russian private gas producer Novatek won a green light on Thursday, the latest in a raft of new projects aimed at meeting a likely doubling of LNG demand over the next 15 years.
Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azerbaijan (Azeri) supplies helped the region reduce reliance on Russia.
Europe is short of natural gas — dangerously short. A cold winter could mean a severe crunch, and utility bills are headed higher, burdening ordinary people and weighing on the economic recovery from the coronavirus pandemic.
The government announced it would hike fuel prices after an agreement with the IMF that included an end to fuel subsidies, allowing the resumption of aid from a $6 billion package.
Businesses in the UAE are embracing all new technological developments to drive the country’s digital transformation drive and strengthen their customers’ base for more growth,
With $16.7 billion worth of exports last year, the US-UAE Business Council is poised to further enhance ties between the United States and the UAE in healthcare,