The crisis in Ukraine underscores the need for the European Union to consider imports of natural gas from the U.S. and development of domestic resources to diversify supplies, President Barack Obama said.
The annexation of Crimea by Russia pushed European Union plans to cut reliance on natural-gas imports from Russia’s OAO Gazprom to the forefront as the bloc held a first debate on 2030 energy and climate policies.
Gorge Mardyan and his family of four have lost most of their possessions. Gorge left his job as a printer and they have fled their large home in Aleppo, Syria, for a cramped one-room apartment in the disputed South Caucasus region. Yet they feel lucky. They hope they are out of danger.
Nabucco Gas Pipeline International GmbH, the 7.9 billion euro ($10.5 billion) project to ship Caspian fuel to Europe, expects to make a decision on whether to link up with the competing Trans-Anatolia Pipeline next year.
G azprom OAO is looking at assets in Russia and the Caspian region held by BP Plc as the U.K. oil company moves ahead with a $10 billion sale of international businesses, the London-based Times said, citing unidentified persons.