GAZPROM INCREASES RELIABILITY
Nord Stream 2 to spur European gas market development
May 11, 2016, 17:15. A working meeting was held in Berlin today between Alexey Miller, Chairman of the Gazprom Management Committee, and Sigmar Gabriel, German Vice Chancellor and Minister for Economic Affairs and Energy.
The parties discussed gas exports from Russia to Germany. It was highlighted that last year had set an all-time record for gas supplies from Russia as they grew by 6.6 billion cubic meters (a 17.1 per cent increase). The growth trend continues this year as well: the exports have already risen by 2 billion cubic meters (a 19 per cent increase) in the first four months of 2016 compared to 2015. In light of the increasing demand for Russian energy products in Europe, the meeting participants stressed the importance of the Nord Stream 2 project.
It was noted that the new gas transmission pipeline would not only improve the reliability of gas deliveries but also facilitate the development of the European gas market.
Another working meeting took place today between Alexey Miller and Rainer Seele, Chairman of the Executive Board of OMV AG.
The meeting addressed a wide range of issues, including, inter alia, Russian gas exports to Austria, the asset swap, and oil supplies.
An emphasis was placed on the cooperation between the parties within the Nord Stream 2 project.
|July, 12, 10:55:00|
|July, 12, 10:45:00|
|July, 12, 10:40:00|
|July, 12, 10:35:00|
|July, 12, 10:30:00|
|July, 12, 10:25:00|
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.
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.
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.
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.