GAZPROM & GASUNIE: STRATEGIC PARTNERSHIP
Amsterdam hosted the annual meetings of the Coordinating Committee for Strategic Cooperation and the Coordination Committee for Sci-Tech Collaboration between Gazprom and Gasunie, chaired by Dmitry Lyugai, Member of the Management Committee, Head of the Prospective Development Department of Gazprom and Hans Coenen, Vice President for Corporate Strategy & Portfolio Management, Managing Director of Gasunie Deutschland.
The meetings discussed the progress with the Memorandum on Strategic Cooperation and the Sci-Tech Collaboration Program of Gazprom and Gasunie in 2013 as well as put forward their proposals for cooperation development in 2014 and 2015.
It was noted that the joint implementation of new infrastructure projects, including the possible expansion of the Nord Stream gas pipeline, was to be regarded as one of the essential elements for securing reliable gas supply to European consumers.
Another key area of strategic cooperation between Gazprom and Gasunie is liquefied natural gas (LNG), including small-scale LNG projects. Further collaboration in this area will provide for diversifying hydrocarbon supply routes to Europe as well as for using natural gas in land and marine vehicles as an eco-friendly alternative to conventional fuels.
The parties emphasized their long-term strategic nature of cooperation in developing gas transportation infrastructure, underground gas storage, energy efficiency, innovative technologies, environmental protection, 'green gas'-related projects.
The meeting participants visited the Gate LNG-terminal in Rotterdam – the first one in the Netherlands to receive, store and subsequently distribute LNG via land and marine vehicles.
Gasunie is a European gas infrastructure company, whose network ranks among the largest high pressure gas pipeline grids in Europe with the total annual gas throughput of approximately 125 billion cubic meters. Gasunie's network consists of over 15,000 kilometers of pipeline in the Netherlands and northern Germany and approximately 1,300 gas receiving stations. The company also offers natural gas transportation services, as well as natural gas and LNG storage services.
In 2013 Gazprom supplied 2.13 billion cubic meters of natural gas to the Netherlands.
In November 2007 Gazprom and Gasunie signed the Umbrella Agreement on joint participation in the Nord Stream project and BBL. In June 2008 Gasunie was added into the Nord Stream AG shareholders register as a new shareholder obtaining a 9 per cent stake in the joint venture.
In December 2007 Gazprom and Gasunie signed the Agreement on Sci-Tech Collaboration.
In April 2013 Gazprom and Gasunie signed a document stipulating cooperation between the companies in exploring the possibilities for the Nord Stream gas pipeline expansion as well as setting up other infrastructure projects to secure gas supply for Northwest Europe and the UK.
In May 2013 Gazprom and Gasunie signed the Memorandum of Understanding on Strategic Cooperation, providing for enhancing cooperation between the companies in such areas as gas infrastructure development, Nord Stream expansion, LNG, energy efficiency, innovative technologies, environmental protection, educational projects, information and cultural exchange.
|July, 16, 11:05:00|
|July, 16, 11:00:00|
|July, 16, 10:55:00|
|July, 16, 10:50:00|
|July, 16, 10:45:00|
|July, 16, 10:40:00|
AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.