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.
|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.