Oman’s plan to build a $1 billion natural-gas pipeline from Iran is the latest sign that Saudi Arabia is failing to bind its smaller Gulf neighbors into a tighter bloc united in hostility to the Islamic Republic.
Tanzania may reconsider the proposed introduction of a super-profit tax on natural gas production after gold miners criticized a similar measure recommended three years ago, President Jakaya Kikwete said.
Western nations probably won’t impose energy export-related sanctions on Russia amid escalating tensions in Ukraine as Europe has little alternative to Russian gas, according to Goldman Sachs Group Inc. and Citigroup Inc.
U.K. natural gas rose to this month’s high as Ukraine said it will halt imports from Russia at a time when flows are near the lowest in almost six months amid reduced output in Norway, Britain’s top foreign supplier.
PG&E Corp., owner of California’s largest utility, was charged with 12 pipeline safety violations by the U.S. government for a 2010 natural gas explosion that killed eight people and left a crater the size of a house.
Ukraine Prime Minister Arseniy Yatsenyuk at a government meeting today said Russia’s plan to raise the natural gas price by 80 percent to what he called the highest price in Europe is “aggression against Ukraine.”