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2014-09-01 18:15:00

EU & RUSSIA: AGREE

EU & RUSSIA: AGREE

Brussels and Moscow agreed on the necessity of setting an interim price and a repayment plan for the unpaid bills.

"We have to agree on an interim gas price for the next few months, while waiting for the Stockholm arbitration court to decide on the final price. In addition: Ukraine has to pay an account for the gas to be delivered in the months to come," Vice-President of the EU Commission Günther H. Oettinger commented after a meeting with Russia's Energy Minister Alexander Novak.

The two delegations met in Moscow on Friday to find a way out of the gas dispute between Ukraine and Russia.

"Our main goal is to secure gas supply to the EU and its citizens, but also to the citizens in Russia, Ukraine, the Western Balkans, including accession countries and Moldova," Oettinger added in a note.

naturalgaseurope.com

Tags: EU, RUSSIA, GAS, UKRAINE

Chronicle:

EU & RUSSIA: AGREE
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

EU & RUSSIA: AGREE
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

EU & RUSSIA: AGREE
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

EU & RUSSIA: AGREE
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

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