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SITUATION REPORTSep 5, 2019 | 15:57 GMT
Russia: Shareholders Give Final Approval for LNG Development Project in the Arctic
Russian energy firm Novatek and other global oil companies have approved the final investment decision for a liquefied natural gas (LNG) plant on Russia's Gydan Peninsula, World Oil reported Sept. 5. Meanwhile, the shareholders of the Sakhalin-1 oil and gas project are looking to construct an LNG plant in Russia's Far Eastern port of De-Kastri.
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SITUATION REPORTApr 15, 2019 | 15:58 GMT
EU: Council Approves EU Gas Directive Amendment
The Council of the European Union has adopted an amendment to the new EU gas directive, which will be presented to member states for implementation, according to an April 15 press release. The directive will extend the same EU regulations for pipelines within the bloc to import pipelines, such as Nord Stream 2, which would force Gazprom to accept a lower permitted ownership share.
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