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OIL AND GAS
Denmark considers Nord Stream 2 permits
by Daniel J. Graeber
Washington (UPI) Aug 10, 2018

Denmark, one of the last countries yet to sanction Russia's Nord Stream pipeline, is reviewing new route plans, the country's energy agency stated Friday.

Ture Falbe-Hansen, a spokesman for the Danish Energy Agency, told Russian news agency Tass the government was reviewing new plans submitted for the second leg of the gas pipeline running through the Baltic Sea to Germany.

"We have received the new application today and now we have to study it," he was quoted as saying.

The Danish Foreign Ministry is still considering the permits necessary to double the pipeline. The consortium managing the network is considering an alternate route through Danish waters, according to Tass.

Nord Stream AG, the pipeline consortium, had no public announcement regarding a revision to the Danish route.

Sweden's government issued the permit necessary for Gazprom to build and operate the 315 mile section of the planned second leg of the Nord Stream gas pipeline in its territorial waters in June. Russian energy company Gazprom is doubling the pipeline in order to add more capacity to the network's existing 760-mile artery.

Most of the Russian gas headed to the European market runs through Soviet-era pipelines in Ukraine. Political turmoil between Kiev and Moscow over gas arrears and later military conflict that followed Ukraine's pivot toward Europe exposed vulnerabilities to European energy security.

U.S. and European leaders, meanwhile, have considered liquefied natural gas sourced from American shale basins as an option to diversify the European energy sector. Russian Foreign Minister Sergei Lavrov said last year that European leaders in Brussels are getting duped into paying for "overpriced American liquefied natural gas," rather than piped gas from Russia.

"The growing exports of U.S. liquefied natural gas, if priced competitively, could play an increasing and strategic role in EU gas supply," European Commission President Jean-Claude Juncker said Thursday.


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OIL AND GAS
New oil from British North Sea expected by 2021
Washington (UPI) Aug 7, 2018
First oil from the second phase of the Buzzard field in the British waters of the North Sea is expected in three years, a partnership announced. Nexen leads a partnership of British energy companies and services companies like Subsea 7 and Baker Hughes at the second phase of the Buzzard field. Nexen said its partners have backed a field development plan that was approved by the British Oil & Gas Authority. First oil is expected in the first quarter of 2021. Chrysaor, one of the pa ... read more

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