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2016-08-12 18:40:00

TURKISH STREAM'S PLAN

ПЛАН ТУРЕЦКОГО ПОТОКА

NGE wrote, Russia has submitted to Turkey its road map for building the Turkish Stream project, energy minister Alexander Novak told Russia 24 TV channel. The aim is to sign an intergovernmental agreement (IGA) in October, he said.

"We have already prepared a road map – a detailed plan and schedule of events for construction of infrastructure and submitted it to the Turkish side. In the near future we will work out this issue with them to sign this road map," he said. The plan is to start work on the first 15.75bn m³/yr string of the Black Sea pipeline project as soon as all required permits are received. He added that the sides have agreed to create a working group to build the Turkish Stream.

A working group will prepare and negotiate the draft of the intergovernmental agreement on construction of at least one string along the Black Sea bed to Turkey with possible expansion of a second string. The first string could be built in the second half of 2019. Further strings remain possibilities.

The Turkish Stream project was announced by the Russian government as replacement of the South Stream on December 1, 2014. It was planned that the offshore section of the Turkish Stream will have four equal strings and 660 km of the line will be a part of the old South Stream corridor. The remaining 250 km will be built towards the European part of Turkey, reported Tass agency.

Russia's president Vladimir Putin said there were no doubts that Turkish Stream will happen and work could start soon. He was speaking at a joint press conference with Turkey's president Recep Tayyip Erdogan August 9.

Putin said that the second part of the Turkish Stream project relating to gas export to Europe would have to be negotiated with the European Commission.

-----

Earlier: 

FAR FROM TURKISH STREAM 

RUSSIAN - TURKISH ENERGY 

TURKEY GAS OPPORTUNITIES 

GAZPROM SUPPLIES TO TURKEY 

TURKISH STREAM IMPLEMENTATION

 

 

Tags: TURKISH, STREAM, GAS, PIPELINE, RUSSIA, TURKEY
ПЛАН ТУРЕЦКОГО ПОТОКА September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

ПЛАН ТУРЕЦКОГО ПОТОКА September, 20, 09:00:00

GAS PRICES UP TO $3.146

ПЛАН ТУРЕЦКОГО ПОТОКА September, 20, 08:55:00

ЦЕНА URALS: $51,81591

ПЛАН ТУРЕЦКОГО ПОТОКА September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

ПЛАН ТУРЕЦКОГО ПОТОКА September, 20, 08:45:00

RENEWABLE'S FUTURE

ПЛАН ТУРЕЦКОГО ПОТОКА September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

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September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

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September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

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September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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