RUSSIA & BULGARIA WANT SOUTH STREAM
Russia and Bulgaria are discussing the possibility of reclassifying the Bulgarian part of the South Stream pipeline into a field pipe to relieve it from the EU's third energy package, a source familiar with last week's talks between EU Energy Commissioner Gunther Oettinger and Russian Energy Minister Alexander Novak, told ITAR-TASS Tuesday.
"The field status could solve all the problems on restrictions due to the EU third energy package," the source said.
Under the package, one company, in the case of the South Stream Russian gas giant Gazprom cannot be engaged in production, transportation, and sales of fuel at the same time. But the pipes carrying gas from EU shelf fields have a special field status, which removes them from the effect of the legislation.
Austria's OMV, Gazprom's partner in the South Stream, produces gas production on the Bulgarian shelf, and its pipeline carrying gas from the shelf can be later included in the project by reassignment of rights.
In June, Bulgaria suspended preparations for the construction of the pipeline on orders from the EU authorities. They said that the pipeline laying must be suspended until the project is fully adjusted to the Union's legislation.
South Stream will run under the sea to the Bulgarian Black Sea port of Varna before extending overland through Serbia, Hungary, and Slovenia to supply gas to the Western Europe via Italy and Austria. The pipeline's capacity amounts to 63 billion cubic meters.
|March, 19, 08:19:00|
|March, 19, 08:15:00|
|March, 19, 08:10:00|
|March, 19, 08:05:00|
|March, 19, 08:00:00|
|March, 18, 11:45:00|
PENNENERGY - The Trump administration accused Russia on Thursday of a concerted, ongoing operation to hack and spy on the U.S. energy grid and other critical infrastructure, and separately imposed sanctions on Russian officials for alleged high-tech interference in the 2016 American presidential election.
IAEA - IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Prime Minister Shahid Khaqan Abbasi commended the IAEA for the support provided to Pakistan in the use of peaceful nuclear applications. Pakistan “was ready to further strengthen its partnership with the IAEA and contribute towards the achievement of the Sustainable Development Goals worldwide,” the Prime Minister said.
PLATTS - "The increase in competition induced new practices in the market that resulted in imports returning to normal," Petrobras' Jorge Celestino said during a presentation of the company's 2017 financial results.
PLATTS - The objective of this program is to increase its domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.