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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BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.