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2015-12-03 19:40:00

NORD STREAM: NO DETAILS

NORD STREAM: NO DETAILS

Despite being in the midst of a row on the troubled Turkish Stream project, Chairman of the Gazprom Management Committee Alexey Miller yesterday met with OMV's Rainer Steele to discuss the Nord Stream-2 expansion project.

In a statement released on Gazprom's website yesterday, the company said that the Mr. Miller and Mr. Steele, who is Chairman of the OMV Executive Board, met at Gazprom's headquarters yesterday to hold a working meeting.

The brief statement says that the two discussed the status of the Nord Stream 2 project. No details of what the discussions entailed were included.

Additionally, the statement says, the two sides discussed the possibilities of an asset swap and oil supplies to OMV from the Gazprom Group portfolio. No further details were given about the talks. OMV has not yet released a statement of its own.

OMV and Gazprom are two of the shareholders in the contentious Nord Stream-2 expansion project. BASF, E.ON, ENGIE, and Shell are the four other stakeholders.

The Nord Stream-2 deal has, in recent times, faced harsh criticism from a number of governments, who say the project could destabilise Ukraine and contravene the EU's interests in energy security and diversity. Last week, 10 governments, including Poland, Lithuania, and Greece, sent a letter to the European Commission outlining their concerns and calling for an "exclusive debate", Reuters reported.

The reaction is not the only hurdle Gazprom is facing currently about a pipeline project. Following the downing of a Russian military plane by Turkey last month, it was rumoured yesterday that the Russian government may "freeze" the Turkish Stream pipeline as it imposes sanctions on Turkey.

naturalgaseurope.com

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More: 

BULGARIA SUPPORTS RUSSIA 

RUSSIA & GERMANY UNCONCERNED 

EUROPE NEEDS DIVERSIFICATION 

RUSSIAN - GERMAN NORD STREAM 

RELIABLE PARTNERS FOR EUROPE

Tags: NORD, STREAM, GAZPROM, OMV, GAS, PIPELINE

Chronicle:

NORD STREAM: NO DETAILS
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

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.

NORD STREAM: NO DETAILS
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

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.

NORD STREAM: NO DETAILS
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

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.

NORD STREAM: NO DETAILS
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

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.

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