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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, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

NORD STREAM 2: FOR SLOVAKIA
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

NORD STREAM 2: FOR SLOVAKIA
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

NORD STREAM 2: FOR SLOVAKIA
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

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