UKRAINE VS RUSSIA: NO PIPELINE
The Ukrainian authorities are ready to lease the country's gas transportation network to all foreign companies, except Russian entities, Naftogaz head Andrei Kobolev said in an interview on Ukrainian television.
He stressed that Kiev would take into consideration the European experience in leasing concession. The top manager pointed out that Gazprom, the Russian power giant, tried to obtain control over large EU pipelines, but those attempts proved unsuccessful.
Kobolev said that a set of effective measures would help Ukraine to exclude Russian companies from the potential operators. According to Kobolev, Kiev plans to thoroughly study its partners' activity, to discover Russian companies among pipeline shareholders.
Furthermore, the Ukrainian government intends to restrict the right to transfer any gas pipeline ownership to Russian business entities.
|October, 18, 19:10:00|
|October, 18, 19:05:00|
|October, 18, 19:00:00|
|October, 18, 18:55:00|
|October, 18, 18:50:00|
|October, 18, 18:45:00|
There are more than a dozen LNG export projects currently being proposed to US regulators, though across the industry almost no final investment decisions have been announced over the last 18 months and some developers have delayed their decisions into 2018 or beyond. Few firm supply purchase agreements have been announced for the projects that have yet to commit to moving forward.
According to the U.S. Energy Information Administration, Canada's largest energy customer has boosted domestic oil production from less than four million barrels per day in 2008 to 9.2 million bpd now, while gas output has risen from 67 million cubic feet per day to 89 million cf/d.
Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.
International Brent crude futures LCOc1 were at $57.75 per barrel at 0733 GMT, up 58 cents from the previous close, after trading as high as $58.13. U.S. WTI crude was at $51.95 per barrel, up 50 cents. Earlier in the day, it traded as high as $52.22.