NORD STREAM II COMISSIONING
Gazprom's officials reportedly said on Tuesday that the Nord Stream 2 project will be commissioned in the fourth quarter of 2019, in line with previous declarations that forecasted the new pipeline to be commissioned in 2019.
Several Russian newspapers reported this news on Tuesday morning. For one, Russia's news agency TASS quoted Committee Valery Golubev, Deputy Chairman of the Management of the Moscow-based company.
These declarations come just a few hours after Ukraine voiced (once more) its concerns, that the Nord Stream 2 project would give Russia more of a monopoly over gas supplies in Europe.
"We consider this project should be stopped, as it is neither in the interests of the European Union nor in the interests of Ukraine," Prime Minister of Ukraine Arseniy Yatsenyuk said in Brussels following a meeting of the EU – Ukraine Association Council on Monday.
In a statement released on Monday, Yatsenyuk also claimed that Naftogaz has the best transportation capabilities in Europe.
The extension of the current pipeline connecting Russia with Germany will be discussed at the EU summit that will take place in Brussels on December 17-18.
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PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.