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2014-05-01 19:00:00

SOUTH STREAM: ON SCHEDULE

SOUTH STREAM: ON SCHEDULE

OAO Gazprom says the South Stream gas pipeline project is "progressing in strict compliance with the schedule."

From Russia, South Stream gas pipeline will cross the Black Sea to southern and central Europe.

"Only South Stream may offer now extra guarantees of energy security to Europe," said Alexey Miller, chairman of Gazprom's management committee.

Gas production will be delivered starting in late 2015. The pipeline is expected to reach full capacity of 63 billion cu m in 2018.

Gazprom said 8,500 jobs would be created in Bulgaria, Serbia, Hungary, Slovenia, and Croatia in building and operating South Stream.

Gazprom said Bulgaria is expected to sign contracts "soon" for equipment procurement, installation, personnel training, and commissioning of a pipeline section. Similar activities are being carried out in Serbia.

Main construction operations in Bulgaria and Serbia are scheduled for this summer.

In Hungary, front-end engineering and design work is under way, along with spatial planning and environmental impact assessment (EIA) activities.

Spatial planning and EIA also are in progress in Slovenia. Bids to design the Slovenian section will be announced before the beginning of summer.

In Croatia, a draft contract and scope of work for devising project documentation are being negotiated.

The investment concept is being developed for constructing a gas branch to Macedonia.

Gazprom has also started examining the possibility of creating a gas pipeline section in Austria simultaneously with the Slovenian section.

The offshore pipeline laying will begin this autumn.

The Russkaya main compressor station, South Stream's starting point, will have installed capacity of 448 Mw. Work on the station will be completed this year.

Large-scale construction continues on the Southern Corridor gas trunkline system to feed gas to South Stream.

ogj.com

Tags: GAZPROM, GAS, SOUTH, STREAM

Chronicle:

SOUTH STREAM: ON SCHEDULE
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

SOUTH STREAM: ON SCHEDULE
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

SOUTH STREAM: ON SCHEDULE
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

SOUTH STREAM: ON SCHEDULE
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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