Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2014-08-05 18:20:00

SOUTH STREAM: STROYTRANSGAZ LEAVES

SOUTH STREAM: STROYTRANSGAZ LEAVES

Russia's engineering construction company Stroytransgaz has withdrawn from the construction of the Bulgarian section of the South Stream project.

In May, a consortium comprised of Stroytransgaz and Bulgaria's Gasproekt Jug was awarded the contract to built the gas trunkline in the Balkan country. According to a note released back then, project investors were Gazprom and Bulgarian Energy Holding.

Stroytransgaz is controlled by Volga Group, investment vehicle in the hands of Gennady Timchenko. The US Treasury imposed sanctions on Timchenko in May.

"From the viewpoint of business, the loss of the South Stream is an unpleasant thing for us, but who should I lodge complaints with? The Americans?," Timchenko said in an interview with ITAR-TASS.

Timchenko said that the withdrawal is meant to keep the project going.

The project is encountering other three sets of problems. Firstly, the country is experiencing a political instability that does not create a solid background for investments. Secondly, the European Union is increasingly targeting Russian energy projects, as the last round of sanctions clearly indicates. Thirdly, the contract, originally estimated at EUR 3.5 m, has been revised to EUR 3.8 m. The possibility of additional cost overruns is not to be excluded.

naturalgaseurope.com

Tags: RUSSIA, SOUTH, STREAM, GAZPROM, BULGARIA, US
SOUTH STREAM: STROYTRANSGAZ LEAVES September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

SOUTH STREAM: STROYTRANSGAZ LEAVES September, 20, 09:00:00

GAS PRICES UP TO $3.146

SOUTH STREAM: STROYTRANSGAZ LEAVES September, 20, 08:55:00

ЦЕНА URALS: $51,81591

SOUTH STREAM: STROYTRANSGAZ LEAVES September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

SOUTH STREAM: STROYTRANSGAZ LEAVES September, 20, 08:45:00

RENEWABLE'S FUTURE

SOUTH STREAM: STROYTRANSGAZ LEAVES September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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SOUTH STREAM: STROYTRANSGAZ LEAVES
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

SOUTH STREAM: STROYTRANSGAZ LEAVES
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

SOUTH STREAM: STROYTRANSGAZ LEAVES
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

SOUTH STREAM: STROYTRANSGAZ LEAVES
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00