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2016-07-04 18:30:00

NORD STREAM 2: FOR SLOVAKIA

NORD STREAM 2: FOR SLOVAKIA

According to FT, Gazprom will send some of the gas from its controversial Nord Stream 2 pipeline through Slovakia, the Russian state-controlled company said, in a move that may soften Slovak opposition to the project.

Alexei Miller, Gazprom chief executive, said that the Russian company had "reached an agreement" with Slovak pipeline group Eustream that "Slovakian gas transport capacity will be used as part of the Nord Stream 2 project", writes Jack Farchy in Moscow.

Slovakia has been one of the most vocal opponents of the deal. It currently earns an estimated €400m a year from transit of Russian gas to Europe via Ukraine, which is set to fall sharply after 2020 if Gazprom's plans to build Nord Stream 2 are implemented.

"The two sides reached a common understanding on joint activities and cooperation in the framework of the [Nord Stream 2] project, specifically, an agreement was reached that this joint activity will be of a long-term character," Mr Miller said at Gazprom's annual general meeting in Moscow on Thursday.

Mr Miller did not say whether the agreement was binding and final, nor what volumes might be delivered. Alexander Medvedev, Gazprom's deputy chief, was quoted by Interfax saying that gas from Nord Stream 2 would be delivered through Slovakia on its way to the Austrian hub of Baumgarten.

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Earlier:

Slovakia: 

GAZPROM & SLOVAK REPUBLIC MEETING 

RUSSIA MAKING FOOLS 

EUROPE GAS NETWORK

 

Gazprom, Nord Stream: 

GAZPROM WILL ELIMINATE 

EUROPE NEED RUSSIAN GAS 

NORD STREAM'S POLICY 

NORD STREAM: THE PERFECT OPPORTUNITY 

STRETCHED NORD STREAM

 

 

 

 

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

Chronicle:

NORD STREAM 2: FOR SLOVAKIA
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

NORD STREAM 2: FOR SLOVAKIA
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

NORD STREAM 2: FOR SLOVAKIA
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

NORD STREAM 2: FOR SLOVAKIA
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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