Norway's biggest oil and gas group Statoil said yesterday that it was pulling the plug on a major natural gas export deal to Poland
Published:
4 December 2003 y., Thursday
Norway's biggest oil and gas group Statoil said yesterday that it was pulling the plug on a major natural gas export deal to Poland as the parties to the deal found there was no longer any need for the agreement.
"Statoil and the state-owned Polish Oil and Gas Company (POGC) have found that no basis now exists for an earlier agreement covering substantial gas deliveries to Poland by the group," Statoil said in a statement.
The original deal, signed in 2001, foresaw exports beginning in 2008 and reaching a plateau of five billion cubic metres a year from Norway with the likely construction of a new pipeline.
As late as September, Prime Minister Kjell Magne Bondevik had expressed hopes of salvaging the export deal after talks with Polish President Aleksander Kwasniewski.
Statoil said that it was now in talks with POGC on the possibility of reduced deliveries to Poland via other pipelines.
Šaltinis:
gulf-news.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics.
more »
The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs.
more »
Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion.
more »
On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management.
more »
If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund.
more »
Euro report says currency provided protection from interest and exchange rate turbulence.
more »
Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent.
more »
The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.
more »
The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months.
more »