The Swiss company that built the Nord Stream 2 pipeline, supposed to double the Russian gas supply to Germany, has filed for insolvency and left redundant all its staff, according to Swiss radio SRF. The US$ 11bn pipeline, which runs between Russia and Germany, was completed last September and waiting for final approval from German authorities, but was put on hold following the Russian invasion of Ukraine.
The Brazilian government authorized Bolivian oil and gas company YPFB to use the Gasbol pipeline to sell gas to other companies in Brazil beyond state-run oil firm Petrobras, according to a publication on Friday in the official gazette.
Russian President Vladimir Putin and Chinese leader Xi Jinping launched this Monday a gas pipeline that is the first of three ambitious projects intended to cement Moscow's role as top gas exporter.
A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.
Argentina’s efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that are expected to balance the country’s production and demand, the energy secretary said on Monday.
Brazil’s solicitor general has overturned one injunction that prevented state-controlled oil company Petrobras from proceeding with one of its largest divestitures, the government said in a statement.
United States turned into a net natural gas exporter for a week after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil. The United States however is not expected to become a net exporter of gas on an annual basis until 2017 after more pipelines to Mexico and LNG export terminals enter service, according to federal energy estimates.
By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.
Three of Brazil's leading companies said on Wednesday they are increasing investment and exploration in Peru's natural gas sector as the country prepares to build a new pipeline and petrochemical plants.
Brazil's energy giant Petrobras began pumping natural gas from the offshore Santos Basin on the new 216-kilometer Lula-Mexilhao pipeline Friday, the company said Monday in a statement.