News
Publish date: February 13, 2006
News
“We informed our partners about the development of the gas industry in Russia,” Alexei Kudrin said after meeting G8 counterparts. The gas from the deposit will be pumped through the North European Gas Pipeline, which will be laid across the Baltic Sea floor to link Russia and Germany directly, RIA Novosti reported.
According to Kudrin, the gas would be an additional source of stable energy supplies for Russia’s partners, adding that Russia was ready to create conditions to supply not only Europe but the United States as well. The Russian minister said the issue of liquefied natural gas (LNG) transportation had been discussed at the meeting as well.
He said the partners had backed Russia’s initiative to create conditions for the free circulation of data on oil and gas reserves in order to ensure energy market transparency.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.