France has confirmed its interest in the Nord Stream-2 project, Russia's Energy Minister Alexander Novak told reporters.
"We have discussed the issues of cooperation between Russian and French companies. In particular, the biggest project will be carried out together with the French company ENGIE — it concerns the expansion of the Nord Stream gas pipeline — its third and fourth lines. France confirmed its interest in the project," Novak said.
On Wednesday, Novak met Segolene Royal, France's Ministry of Ecology, Sustainable Development and Energy. The ministers discussed a successful experience of Russian-French cooperation in energy sector, including the Yamal LNG and the Nord-Stream-2 pipeline.
Nord Stream 2 pipeline will have the throughput capacity of 55 bln cubic meters. Gas will be transported from Russia across the Baltic Sea to Germany, the UK, France, Denmark and other countries bypassing Ukraine. France's Engie is one of the shareholders of the project.
Yamal LNG is a large-scale project on creating a liquefied natural gas production facility with 16.5 mln tonnes per year capacity on the base of the resources in Russia's Yamal peninsula. The project's proven and probable gas reserves amount to 927 bln cubic meters. The project involves the creation of transport infrastructure, including a seaport and an airport near the Sabetta village (north-east of the Yamal Peninsula). Russia's Novatek holds 60% in Yamal-LNG, while France's Total and China's CNPC hold 20% each in the project.
|July, 16, 11:05:00|
|July, 16, 11:00:00|
|July, 16, 10:55:00|
|July, 16, 10:50:00|
|July, 16, 10:45:00|
|July, 16, 10:40:00|
AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.