GAZPROM - GERMANY: UP 37%
GAZPROM - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Brigitte Zypries, Germany's Federal Minister for Economic Affairs and Energy, took place in Berlin.
The parties addressed issues related to bilateral cooperation, focusing, among other things, on Russian gas exports to Germany. It was noted that Gazprom's gas supplies to the German market had reached a record of 49.8 billion cubic meters in 2016. The upward trend in gas demand continues in early 2017. In January, gas exports grew by 23.2 per cent versus the corresponding month of 2016. Between February 1 and February 15, gas deliveries added 37 per cent compared to the same period of last year.
Alexey Miller and Brigitte Zypries discussed the routes for Russian gas supplies to Europe, paying particular attention to the Nord Stream 2 project. Transit-free gas deliveries across the Baltic Sea are highly sought-after by consumers. In January 2017, the operating Nord Stream gas pipeline was loaded to its maximum capacity above its design throughput.
The Nord Stream 2 gas pipeline will double the amount of Russian gas exported to the European market across the Baltic Sea, which is especially important in light of Europe's growing demand for gas and declining indigenous production. Nord Stream 2 was noted to be a commercial project whose main advantages were reliability, feasibility, economic efficiency, and environmental friendliness.
|December, 18, 12:50:00|
|December, 18, 12:45:00|
|December, 18, 12:40:00|
|December, 18, 12:35:00|
|December, 18, 12:30:00|
|December, 18, 12:25:00|
PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.