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Business news - 23 February 2012

Gazprom predicts 鈥渮ero鈥 reliance on Ukraine in the future

Russia鈥檚 natural gas export monopoly, OAO Gazprom, has claimed that slated pipeline projects, such as seabed lines directly to the EU, will eliminate the country鈥檚 reliance on Ukraine to transit the fuel to Europe.

 

New large diameter pipeline JV announced

Cabot Oil & Gas Corporation has announced a new joint venture with Williams Partners L.P. to develop and construct a large diameter pipeline, specifically designed to transport Cabot's Marcellus production to both the New England and New York markets.