Gas
![Gas](/cache/2015/12/UKRAINE-9.48ad6108.jpg)
2015, December, 31, 13:50:00
UKRAINE NEED GAS
In July 2014, at the height of the Crimean Crisis, Ukraine imported gas from Western Europe, and particularly from Germany for $370 per 1,000 cubic metres. Earlier in the 2014, the country had paid $273 per million cubic metres for gas from Russia.
![Gas](/cache/2015/12/TURKISH-STREAM-6.600c6671.jpg)
2015, December, 31, 13:30:00
TURKISH STREAM IMPLEMENTATION
Mr. Novak said that the project could still be implemented if the European Commission develops corresponding infrastructure for natural gas transportation in Central and Eastern Europe,
![Gas](/cache/2015/12/OIL-162.19cc3b1c.jpg)
2015, December, 29, 19:55:00
2016 WILL BE WORSE
For oil and gas producers, 2016 will be a year of cost-cutting, restructuring, refinancing when it is possible, and in some cases bankruptcy when it is not. Merger and acquisition activity, which was sluggish this year because of disagreements over valuations, may pick up speed.
![Gas](/cache/2015/12/CHINA-25.edce813f.jpg)
2015, December, 29, 19:50:00
CNPC & GAZPROM AGREEMENT
CNPC said the entire pipeline project is expected to be completed and operational by the end of 2018. Construction of the Chinese section began in June 2015, while construction of the Russian section began in September 2014.
![Gas](/cache/2015/12/EGYPT-5.6030ea23.jpg)
2015, December, 29, 19:40:00
EGYPT SEEKS MONEY
Egypt is obliged to pay for LNG shipments within 15 days of a shipment's unloading. Now the Egyptian authorities are looking to extend that timeframe. Egypt used to get financial support from the Gulf Cooperation Council (GCC) countries and probably will still get it. However, due to lower energy prices, the support now is more limited. Egypt buys six to eight LNG cargoes monthly, each worth $20-$25 million. It is now in arrears of $350 million for that energy, one source estimated.
![Gas](/cache/2015/12/TAP-2.9e2c7223.jpg)
2015, December, 29, 19:35:00
STATOIL SALES 20%
“TAP is crucial in the diversification of gas sources in Europe through the development of the Southern Corridor from the Republic of Azerbaijan and potentially other countries,” said Carlo Malacarne, Snam’s chief executive officer.
![Gas](/cache/2015/12/IRAN-28.c84882eb.jpg)
2015, December, 28, 20:00:00
IRAN NEEDS $100 BLN
Iran needs $100 billion to rebuild its gas industry and has met with European energy giants, Azizollah Ramezani, International Affairs director at NIGC said in June.
![Gas](/cache/2015/12/IRAN-27.9acaaf26.jpg)
2015, December, 28, 19:50:00
IRANIAN SELF-SUFFICIENCY
South Pars, divided into 29 development phases, contains 40 trillion cubic metres (tcm) of natural gas. It covers an area of 9,700 square kilometres, of which 3,700 square kilometres are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometres are situated in Qatar’s territorial waters. The gas field is estimated to contain about 8% of the world’s reserves, and approximately 18 billion barrels of condensate.
![Gas](/cache/2015/12/GEORGIA-1.ce70d35a.jpg)
2015, December, 28, 19:40:00
GEORGIAN GAS GROWTH
Next year Georgia plans to increase the volume of natural gas it imports from Russia by 25.2% against 2015 up to 250.5 mcm. According to the natural gas balance for 2016 approved by the Georgian Energy Ministry, it plans to import 65.9 mcm of commercial gas from Russia. Georgia will receive 184.6 million cub.m. (down from 7.7%) from Russian gas transit to Armenia, for which Georgia gets 10% in volume.
![Gas](/cache/2015/12/INDIA-5.e1d7c36e.jpg)
2015, December, 25, 20:00:00
INDIA & RUSSIA: STRATEGIC PARTNERSHIP
Modi and Putin hailed what they termed a “strategic partnership” at their Kremlin meeting on Thursday and pledged to boost business ties, with the Indian leader signaling progress on defense projects to ensure his country upgrades its weapons capability.
![Gas](/cache/2015/12/GAZPROM-39.7b7d8a28.jpg)
2015, December, 25, 19:55:00
GAZPROM'S PRECIOUS EXPERIENCE
“Gazprom has useful and precious experience in various fields of the gas industry and can provide them to the NIGC,” Shana quoted him saying.
![Gas](/cache/2015/12/USA-130.8f5fe414.jpg)
2015, December, 24, 19:25:00
U.S. RIGS DOWN 9
U.S. Rig Count is down 9 rigs from last week to 700, with oil rigs down 3 to 538, and gas rigs down 6 to 162.
![Gas](/cache/2015/12/GAZPROM-37.59bc53f8.jpg)
2015, December, 23, 19:45:00
GAZPROM UP TO 31.2%
In 2015, Gazprom increased market share in Europe and Turkey by one percentage point, from 30.2% to 31.2%,
![Gas](/cache/2015/12/NORD-STREAM-22.9fd4b4a5.jpg)
2015, December, 23, 19:40:00
NORD STREAM - 2: A SHOT IN THE FOOT
Russian Economy Minister Alexei Ulyukayev put it more bluntly, telling reporters in Brussels that blocking Nord Stream-2 would be "a shot in the foot" especially for Gazprom's European clients.
![Gas](/cache/2015/12/IRAN-26.79bee648.jpg)
2015, December, 23, 19:35:00
IRAN & QATAR COMPETITION
Since March 2014, Iran has increased its gas output by 200 million cubic meters per day. The managing director of the National Iranian Oil Company has said that by boosting 100 million cubic meters per day of gas in the current year, Iran is ready to outpace Qatar, because seven phases of the South Pars will come on stream this year.