Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Despite ambitions, BP sees Russian gas waning
by Daniel J. Graeber
London (UPI) Jun 10, 2015


disclaimer: image is for illustration purposes only

BP in a statistic review said Russian natural gas production declined, just as the Kremlin holds out its reserves as a component of European energy security.

BP in the 64th edition of its statistical review of world energy said global natural gas production last year grew by 1.6 percent, which is nearly a full percentage point below the 10-year average.

Production from members of the European Union declined 9.8 percent to its lowest level since 1971, though in terms of overall volume, Russia's decline of 4.3 percent was among the largest drops in the world, the review found.

European economies rely on Russia for about 20 percent of their natural gas, though most of that runs through Soviet-era pipelines in Ukraine, where conflict and contractual disputes between Moscow and Kiev present risks to European energy security.

BP said pipeline shipments declined 6.2 percent globally for the largest decline on record, with Russian deliveries down 11.8 percent.

Gazprom Deputy Chairman Alexander Medvedev said Monday the European economy will be about 1.7 trillion cubic feet short of what it needs to keep the economy moving by 2025. Building Turkish Stream, a scaled down version of the broader South Stream pipeline network, could Europe get the energy it needs, he said.

BP is one of the companies behind the Shah Deniz gas field off the coast of Azerbaijan, which European leaders see as an alternative to Russia gas. Russian Foreign Minister Sergei Lavrov said European energy security may be at stake with its stance on alternative options.

Lawmakers in the United States, meanwhile, said free-trade deals with EU member states could open the door for shipments of liquefied natural gas drawn from shale deposits. More exports, they say, will extend U.S. economic leverage overseas and protect its allies against the economic whims of U.S. adversaries.

Medvedev, however, said that strategy is backed largely by "Washington dreamers."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Angolan president heads to China as low oil price bites
Luanda (AFP) June 8, 2015
Angolan President Jose Eduardo dos Santos headed on Monday for his first official visit to China in seven years as his country, which is Africa's second largest oil producer, struggles with falling oil prices. Dos Santos, who has ruled since 1979, only makes rare trips abroad from the former Portuguese colony, which remains one of the world's poorest countries despite its natural resources. ... read more


OIL AND GAS
Scientists see a natural place for 'rewilded' plants in organic farming

Citizen science helps protect nests of a raptor in farmland

Bee populations face another threat: aluminum

Move over Arabidopsis, there's a new model plant in town

OIL AND GAS
New chip makes testing for antibiotic-resistant bacteria faster, easier

A chip placed under the skin for more precise medicine

Collaboration could lead to biodegradable computer chips

Stanford breakthrough heralds super-efficient light-based computers

OIL AND GAS
The rise and fall of giant balloons on the edge of space

Northrop Grummans planned upgrade for B-2 passes CDR

Britain invests in military helicopter simulation training

CAE's CH-47 simulators pass on-site acceptance testing

OIL AND GAS
Tesla boss downplays government subsidy as 'pittance'

Self-driving cars vulnerable to cyberattack, experts warn

Can virtual drivers resembling the user increase trust in smart cars

US pushes pedal on car-to-car communication

OIL AND GAS
China to have 'veto power' over infrastructure bank: report

Archaeologists find evidence of prehistoric gold trade

Israel says China demands no workers in settlements

US agencies probe big banks on China nepotism

OIL AND GAS
Not all national parks are created equal

Native-American settlement modified Western New York forests

New tropical tree species await discovery

Location matters in the lowland Amazon

OIL AND GAS
New technique harnesses everyday seismic waves to image the Earth

Astronomers make 3-D movies of plasma tubes

NASA Soil Moisture Mission Begins Science Operations

In the Field: SMAP Gathers Soil Data in Australia

OIL AND GAS
Measuring the mass of molecules on the nano-scale

Novel X-ray lens sharpens view into the nano world

Engineering phase changes in nanoparticle arrays

DNA double helix does double duty assembling nanoparticle arrays




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.