An Egyptian natural gas holding company has said it will suspend exports to Israel. According to the Egyptian company, Israel hasn't paid its dues in months, an accusation which Israel denies. Many in Egypt have criticised the gas deal - some analysts say the conflict is political, but several Israeli and Egyptian officials have downplayed the political aspect of the crisis.
US President Barack Obama rejected on Wednesday a proposed Keystone oil pipeline that would run from Canada to Texas, saying he could not assess its environmental impact by a Feb. 21 deadline put forth by Republicans, which Obama called "arbitrary".
A billion euros a year. That's the profit allegedly being made by the Burmese government, to the cost of the Burmese people. The ruling junta's accused of secretly selling the country's oil and natural gas reserves to China via clandestine pipelines. A local NGO says locals are being exploited in the project, which is adding to the fuel shortage that's already taken hold in the capital, Rangoon.
Saboteurs blew up an Egyptian gas pipeline on Wednesday, potentially disrupting supply to Israel and Jordan for several weeks. Israel's infrastructure minister said the attack was proof the country needs an alternative to Egyptian gas.
Russia and Turkey concluded energy agreements on Thursday that will support Turkey’s drive to become a regional hub for fuel transshipments. An agreement which threatens Nabucco pipeline, presented by Brussels.
Russian PM Vladimir Putin has secured Ankara's support for a gas pipeline intended to match a rival EU-backed project and safeguard Russia's edge in the European gas market, agreeing in return to support plans for a Turkish oil pipeline.
Turkey has signed a key gas-transit agreement with four EU countries on Monday to back the long-planned Nabucco project. The 3,300-kilometre pipeline is aimed at reducing Europe's reliance on Russian gas.
Turkey will sign a landmark gas-transit agreement with four EU countries on Monday to back the long-planned Nabucco project.The 3,330-kilometre pipeline is aimed at reducing Europe's reliance on Russian gas.
Kazakhstan, Turkmenistan and Uzbekistan have refused to sign a deal on a new gas supply route to Europe. The Nabucco pipeline is aimed at bypassing Russia and Ukraine, whose dispute over prices halted supplies to the continent in January.
A Budapest summit ending Tuesday pushed for the EU's Nabucco project, a gas pipeline designed to bypass Russia and the Ukraine and thereby reduce Europe's energy dependency on Moscow.
