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June 2016

June 2016
2016, June, 23, 18:05:00
LITHUANIA VS GAZPROM: REJECTED
It is absolutely compatible with the Energy Union. It will be sustainable, affordable and help security of supply, he said. It will increase liquidity in Europe but nobody will be forced to buy the gas, which will be priced against hubs.
June 2016
2016, June, 23, 18:00:00
AUSTRALIAN LNG UP
“The decline in prices is unlikely to lead to a significant reduction in production from existing producers because the high fixed costs of building the infrastructure have been paid and marginal production costs are relatively low,” said Ms Heath.
June 2016
2016, June, 22, 18:35:00
OIL PRICES: ABOVE $50
Brent crude futures were up 4 cents at $50.66 a barrel, after settling down 3 cents at $50.62 on Tuesday.
June 2016
2016, June, 22, 18:30:00
THREE MAIN PLAYERS
"We believe that the (function of) regulation has moved to three main players, which are the United States, Saudi Arabia and Russia," he said.
June 2016
2016, June, 22, 18:25:00
INDIA'S HIGH GROWTH
India’s economy expanded at a faster pace in financial year (FY) 2016[1] even as a number of its growth engines stalled. Agriculture – having faced two consecutive drought years – rural household consumption, private investments, and exports have not performed to potential. The oil bonanza most directly benefited the government, which for the first time in five years exceeded its revenue collection targets and used the resources to contain the fiscal deficit, transfer more resources to states, and spend more on infrastructure. Capital spending by the central government was ramped up, its efforts amplified by state governments that had additional resources from larger fiscal devolution.
June 2016
2016, June, 22, 18:20:00
WBG WANTS INDONESIA
“This is a critical opportunity for Indonesia to implement further reforms that will enhance the competitiveness of its manufacturing and services sectors, especially tourism. In addition to ongoing reforms, a sound industrial strategy will be key, focused on technology transfer or capacity development in terms of product design, engineering and development in promising industries. To upgrade industries and climb the technological ladder, a strong partnership with the private sector will be crucial,”
June 2016
2016, June, 22, 18:15:00
WBG BUYS AZERBAIJAN
With oil prices forecast to remain low, Azerbaijan’s growth and fiscal position are likely to weaken further in 2016, posing significant risks. Financial sector vulnerabilities and an underdeveloped macroeconomic policy framework are further adding to the country’s challenges.
June 2016
2016, June, 22, 18:10:00
AZERBAIJAN NEED $30 BLN
Azerbaijan is hoping in the best case for profits in excess of $50bn from the Southern Gas Corridor (SGC). State oil company Socar told that even the gloomiest outlook showed that Azerbaijan’s share in the profit of SGC would be at least $30bn over the 25 years' duration of the sales and purchase agreements.
June 2016
2016, June, 22, 18:05:00
TANZANIA & UGANDA PIPELINE: $4 BLN
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as they originally indicated.
June 2016
2016, June, 22, 18:00:00
REPSOL VS SINOPEC: $5.5 BLN
The claim relates to a U.K. joint venture between the Chinese and a Canadian firm which the Spanish oil producer acquired last year.