All publications by tag «EU»
BLOOMBERG - Ukraine imported 14 billion cubic meters of gas from the EU last year, comparable to Belgium’s annual consumption. From this year, state-owned NAK Naftogaz Ukrainy should import 5 billion cubic meters annually under its contract with Russia’s Gazprom PJSC through 2019, and has to pay for at least 80 percent of that, according to the court.
REUTERS - Norway’s pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7 percent, preliminary data from the country’s offshore gas systems operator Gassco showed on Tuesday.
BLOOMBERG - After a glut sparked the biggest price crash in a generation and starved Russia of oil revenues, the nation sought to boost market share in the world’s top importer. It’s now supplanted Saudi Arabia as the top exporter to China, even as the two producers lead efforts to shrink the global oversupply by curbing output. A pipeline that transports crude from the East Siberia-Pacific Ocean system has helped its mission to increase volumes.
API - Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007. Cumulatively through the first 11 months of the 2017, total domestic petroleum deliveries rose by 0.9 percent, which exceeded demand growth in 2016 despite higher prices.
PLATTS - Taking into account the nominated volume for Friday, Gazprom will have exported 179.8 Bcm to what it calls the Far Abroad -- Europe and Turkey, but not the countries of the former Soviet Union -- higher than last year's then record high of 179.3 Bcm.
PENNENERGY - significant deposits already discovered in the east Mediterranean, including Israel's Leviathan field are "just the tip of the iceberg" and that "it's very likely" that more gas will be found in Cypriot waters.
GAZPROM - the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.
Gazprom's natural gas supplies to western Europe edged up by 3% year on year in the third quarter of 2017, according to an S&P Global Platts analysis of Gazprom data, as Russian gas deliveries to its core markets continue to outpace last year's levels.
API - Total petroleum deliveries in October moved up by 1.1 percent from October 2016 to average 19.9 million barrels per day. These were the highest October deliveries in 10 years, since 2007. Compared with September, total domestic petroleum deliveries, a measure of U.S. petroleum demand, decreased 1.8 percent. For year-to-date, total domestic petroleum deliveries moved up 1.2 percent compared to the same period last year.
Average growth across the EBRD region is seen at 3.3 per cent this year, a rise of 0.9 percentage points against the previous forecast from May, and compared with growth of just 1.9 per cent in 2016. The economy in Russia, the largest in the EBRD region and a major influence on output in many other EBRD countries of operations, has now pulled out of recession after a cumulative contraction of 3 per cent over the last two years. Russia is expected to see GDP growth of 1.8 and 1.7 per cent in 2017 and 2018, respectively.