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.
Gazprom, Nord Stream:
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BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.