SOUTH STREAM CONTINUES
The South Stream project is continuing as planned, an official of the Russian Energy Ministry's pool and gas department said on Monday as reported by Sputnik.
"The work continues as planned, the prospects for the pipeline are not bad, we have agreements with the Serbs, and several other countries," Alexander Gladkov was reported as saying.
Gladkov underlined that many transit countries already renewed their support to the pipeline.
"Note that Bulgaria is not against this pipeline, it simply wants us to agree it with the EU," Markov stressed.
Recently, Serbian Foreign Minister Ivica Dacic and his Hungarian counterpart Peter Szijjarto released a joint comment, saying that Europe has a common interest in building the South Stream gas pipeline.
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BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.