SOUTH STREAM = TURKISH STREAM
The launch date of the Turkish Stream will not differ much from the South Stream schedule, official representative of the Russian gas producer Gazprom Sergey Kupriyanov told the Kommersant FM radio station.
"As soon as we agree on the exit point on the Turkish coast, the work will kick off," he said.
Gazprom representative also added that the Turkish Stream project does not have an official name yet. "There is no exact name yet, but apparently it will be called just like that," Kupriyanov said, adding that Turkey would prefer this name.
He also commented on the announcement made by EU Energy Commissioner Maros Sefcovic on Wednesday. "What surprises most in those comments made by Mr. Sefcovic on Wednesday is the fact that, excuse my tautology, he was surprised by the information that he received at the meeting in Gazprom and the Energy Ministry. The thin is that the parameters of this project were made public back in December, and nothing totally new was announced," Kupriyanov said. He added that "that was not our decision but a forced solution that we had to accept."
"The volumes totaling 63 billion cubic meters (of gas - TASS) that were planned for supplying via the South Stream will now be redirected through Turkey. The route has changed, but it did not change due to our whim either," he added.
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REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.
“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”