THE NEW NORD STREAM
OGE wrote, Gazprom has terminated a shareholder agreement for Nord Stream 2, a joint venture to build a pipeline between Russia and Germany, circumventing Poland and other countries, Russian press agency TASS has reported.
The decision comes after Poland's competition regulator UOKiK expressed concerns over the creation of a joint venture comprising Gazprom and five European partners. In July, UOKiK said that the pipeline would limit local competition and increase dependency on Gazprom for natural gas supplies.
TASS said cancelling the shareholder agreement, which Gazprom announced on Friday, was a "technical move" that would pave the way for different partnerships with Gazprom's European partners.
"This is a technical move that needs to be confirmed by the board of directors... The move creates a setting for defining new partnerships with western partners for implementing this important project," a TASS source said.
Alexey Miller, Gazprom chief executive, told TASS that the partners plan to find a new way to finance the project by the end of the year. In the interim, the Switzerland-based company is 100 percent Gazprom-owned and financed.
Nord Stream 2 plans have been met with criticism in Poland and other EU countries, which say it will increase dependence on Gazprom for gas supply to Europe. Gazprom already delivers about a third of the natural gas used in the EU.
The first of the pipes required in the pipeline's construction arrived in Mukran, in Germany's north east, in late October.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
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.
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.
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.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.