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2018-01-29 08:30:00

U.S. WANT RUSSIA'S MARKET SHARE

U.S. WANT RUSSIA'S MARKET SHARE

BLOOMBERGThe expansion of Russia's gas pipeline to Germany under the Baltic Sea, which bypasses a number of east European nations, will allow the Kremlin to use energy as a "political tool," U.S. Secretary of State Rex Tillerson said in Warsaw.

Tillerson, speaking to reporters after meeting with Poland's Prime Minister Mateusz Morawiecki on Saturday, said Europe should seek to diversify energy supplies. The U.S. saw the contested Nord Stream 2 link as "undermining Europe's overall energy stability and security," he said.

NATO member Poland has repeatedly tried to bloc the deal, saying it would leave countries such as itself and Ukraine vulnerable if Russia decided to shut down the gas pipelines running across its territory to western Europe. Foreign Minister Jacek Czaputowicz said Poland wanted U.S. help in stopping Nord Stream 2, which is being built by Russian gas giant Gazprom PJSC.

"It's not a helpful piece of infrastructure to support stability in Europe," Tillerson said. "We will continue to take steps as we can."

Less Dependent

The top American diplomat said his country is ready to help Poland continue to diversify its fuel supplies, including through the sale of U.S. liquefied natural gas, to reduce its dependence on Russia. Tillerson also said the U.S. will maintain support for Polish plans to build a gas-pipeline connection with the North Sea together with Denmark. Additionally, he's in favor of increasing links in the energy network between the Baltic and Adriatic seas.

Besides joint efforts in the energy industry, Poland's foreign minister said he was hopeful for more military cooperation with the U.S., after it installed troops in the former Communist country as part of a plan to better protect NATO's eastern flank. Czaputowicz said Poland wants to complete negotiations "soon" and sign defense deals with the U.S, including protracted talks about the delivery of the Patriot missile-defense system as well as Blackhawk helicopters.

Later on Saturday, Tillerson met the ruling Law & Justice party's leader, Jaroslaw Kaczynski, who holds no official post.

"For me it's an opportunity to hear from one of the local leaders" who has a "long history in the development of Poland in the last 20 years," Tillerson said.

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Earlier:

 W.Europe
2018, January, 24, 11:55:00

GAZPROM'S TURKSTREAM UNDERWAY

GAZPROM - The TurkStream project is well underway. In accordance with the plan, it is carried out simultaneously at three sections: onshore in Russia and Turkey and offshore in the Black Sea.

 W.Europe
2018, January, 4, 12:20:00

NORWAY'S GAS RECORD

REUTERS - Norway’s pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7 percent, preliminary data from the country’s offshore gas systems operator Gassco showed on Tuesday.

 W.Europe
2017, December, 22, 22:40:00

NEW GAZPROM'S RECORD

GAZPROM - Last year, Gazprom exported a record 179.3 billion cubic meters of gas to Europe. The upward trend continued this year: as early as December 8, 2017, last year’s record was beaten, with total exports reaching 179.8 billion cubic meters of gas.

 W.Europe
2017, December, 6, 12:15:00

MEDITERRANEAN GAS FOR EUROPE

PENNENERGY - significant deposits already discovered in the east Mediterranean, including Israel's Leviathan field are "just the tip of the iceberg" and that "it's very likely" that more gas will be found in Cypriot waters.

 

 W.Europe
2017, August, 31, 12:15:00

U.S. LNG FOR EUROPE - 4

Last week, U.S. liquefied natural gas (LNG) made its way to the somewhat unlikely market of Lithuania. The former Soviet republic traditionally bought its gas from Russian state company Gazprom; this was its first shipment from the United States. For President Donald Trump, that must have been a gratifying sign of the success of his administration’s nascent energy diplomacy.

 

 W.Europe
2017, August, 31, 12:10:00

U.S. WANT NORWAY

Norway’s $970-billion sovereign wealth fund, the world’s largest, should allocate a bigger share of its investments to renewable energy to boost returns, a U.S. energy policy think-tank said

 

 

Tags: USA, RUSSIA, EUROPE, GAS, POLAND, GAZPROM

Chronicle:

U.S. WANT RUSSIA'S MARKET SHARE
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

U.S. WANT RUSSIA'S MARKET SHARE
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

U.S. WANT RUSSIA'S MARKET SHARE
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

U.S. WANT RUSSIA'S MARKET SHARE
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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