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2015-03-03 20:50:00

RUSSIA & TURKEY STREAM: CAN AGREE

RUSSIA & TURKEY STREAM: CAN AGREE

Russia may sign an intergovernmental agreement on the Turkish Stream gas pipeline in the 2nd quarter of 2015, Energy Minister Alexander Novak said on Friday in an interview with the Rossiya'24 news channel.

He said the major Russian producer and exporter of natural gas, OAO Gazprom, had coordinated the route of the new pipeline with the Turkish side.

The Turkish Stream is a new pipeline project that was emerged on the table of negotiations after Russia had cancelled the South Stream project last year. The latter presupposed construction of a pipeline across the floor of the Black Sea to the Balkans and farther on to southern and central Europe.

oilandgaseurasia.com

Tags: RUSSIA, TURKISH, STREAM, GAS, GAZPROM

Chronicle:

RUSSIA & TURKEY STREAM: CAN AGREE
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

RUSSIA & TURKEY STREAM: CAN AGREE
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

RUSSIA & TURKEY STREAM: CAN AGREE
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

RUSSIA & TURKEY STREAM: CAN AGREE
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

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