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2015-03-12 20:50:00

BULGARIA WANT SOUTH STREAM

BULGARIA WANT SOUTH STREAM

The Bulgarian Government reportedly launched a €33,000 tender for the offshore section of the South Stream project, in order to better understand some financial implications of the project.

According to Novite, the Regional Development Ministry wants the winner of the tender to come up with a methodology to define the easement compensation for the Pasha Dere beach near Varna, and an appraisal of the building lease for the seabed.

Interested companies are called to submit their bids by April 9, 2015.

In December 2014, Russian President Vladimir Putin announced that the South Stream project had been cancelled, blaming Bulgaria for its alleged delays in granting permission for the pipeline. Putin then suggested Sofia to ask for compensation from Brussels.

Over the last weeks, the Bulgarian Government increasingly paid attention to energy issues. It welcomed the High Level Working Group and the related "regional approach" to gas projects, while spearheading a revival of the South Stream pipeline.

On Tuesday, Bulgaria's Prime Minister Boyko Borissov met with Germany's Foreign Minister Frank-Walter Steinmeier. The parts also discussed energy projects in the region.

naturalgaseurope.com

Tags: SOUTH, STREAM, BULGARIA, RUSSIA, GAS,

Chronicle:

BULGARIA WANT SOUTH STREAM
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U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

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2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

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2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

BULGARIA WANT SOUTH STREAM
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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