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2016-01-17 14:55:00

NORD STREAM'S EXTENSION

NORD STREAM'S EXTENSION

The plan to build a new gas pipeline linking Russia with Germany is politically motivated and will deepen European Union's reliance on gas deliveries from Russia, the Polish energy minister said on Friday.

Krzysztof Tchorzewski was speaking after a meeting with EU Climate and Energy Commissioner Miguel Arias Canete, who he said agreed with that view.

Known as Nord Stream 2, the pipeline would be an extension of the existing link, that would enable Russia to deliver increased volumes of gas straight to Germany.

Russia's Gazprom and a group of European companies agreed on the project last year, raising protests mostly among central and southern European countries.

"The two sides agreed that the project has no business ground and is carried out only due to political reasons," the Polish Energy Ministry said in a statement following the visit of Miguel Arias Canete.

Polish Energy Minister Krzysztof Tchorzewski also said that Poland expects the European Commission to publish as soon as possible the draft of a gas winter package.

Lat year Russia, Ukraine and the Commission initialled a deal on a so-called "winter package", to secure winter gas supplies for Kiev.

The minister also told Arias Canete that Poland is ready to talk with the Baltic states on power markets integration. Poland's electricity market is one of the most isolated in the EU.

Tchorzewski also asked Arias Canete for support in launching flow-based cross-border capacity calculations, that would help prevent the so called loop flows of electricity generated from renewable sources in Germany to Poland, which limit the latter's import capacities.

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More: 

ADAPTIVE GAZPROM 

ГАЗПРОМ ВЫРОС ДО 31.2% 

NORD STREAM II: PRAGMATIC SOLUTION 

EUROPE WANTS TO PAY MORE - 2 

NORD STREAM-2: SPECIAL TERMS

 

 

 

Tags: NORD, STREAM, GAS, PIPELINE, EUROPE, RUSSIA, GAZPROM

Chronicle:

NORD STREAM'S EXTENSION
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LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

NORD STREAM'S EXTENSION
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

NORD STREAM'S EXTENSION
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

NORD STREAM'S EXTENSION
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

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