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.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.