Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-04-26 10:30:00

EUROPE HAS TO RELY ON RUSSIA

EUROPE HAS TO RELY ON RUSSIA

Europe can't avoid imports of Russian oil and natural gas in the short term, Zsolt Hernádi, chief executive and chairman of the board of MOL Nyrt., said Thursday.

Possible gas imports from alternative sources such as Azerbaijan or liquefied natural gas from the U.S. would not be ample enough to support growth and would only make up for a shortfall in imports from North Africa.

Mr. Hernádi, speaking at a press conference after the company's annual general meeting, added that regional transport links must be developed to ensure supply security.

"Too sad there has to be a crisis in order for such development to gain enough focus," he said, referring to the political tensions between Russia and Ukraine.

Separately, MOL said it's set to spend $1 billion in acquisitions with an upstream focus this year.

MOL is aiming to boost its oil and gas production in Iraq's Kurdistan region, in the North Sea in Europe, as well as in Croatia and Hungary, József Molnár group chief executive said at the company's annual general meeting.

MOL expects daily hydrocarbon output at 105,000 to 110,000 barrels in 2015 compared with between 91,000 and 96,000 this year, Mr. Molnár said, but organic growth and the planned acquisitions could boost this to 130,000 barrels a day in five years.

Mr. Hernádi is at the company's helm on the strategy front and looks after corporate and legal affairs, while Mr. Molnár is responsible for exploration, production, sales, supply, finance and internal audit.

wsj.com

Tags: EUROPE, GAS, RUSSIA, OIL
EUROPE HAS TO RELY ON RUSSIA November, 14, 12:25:00

OIL PRICE: NEAR $65

EUROPE HAS TO RELY ON RUSSIA November, 14, 12:15:00

OIL MARKET UNCERTAINTY

EUROPE HAS TO RELY ON RUSSIA November, 14, 12:10:00

NATURAL GAS: THE SECOND

EUROPE HAS TO RELY ON RUSSIA November, 14, 12:05:00

CHINA: THE WORLD'S TOP

EUROPE HAS TO RELY ON RUSSIA November, 14, 12:00:00

U.S. PRODUCTION: OIL + 113 TBD, GAS + 1,038 MCFD

EUROPE HAS TO RELY ON RUSSIA November, 14, 11:55:00

NUCLEAR NEEDS INVESTMENT

All Publications »

Chronicle:

EUROPE HAS TO RELY ON RUSSIA
2018, November, 14, 11:50:00

NUCLEAR POWER CHANGING

WNN - The search for solutions to climate change must include discussion of nuclear power, Scott Foster, director of the Sustainable Energy Division of UNECE, told

EUROPE HAS TO RELY ON RUSSIA
2018, November, 14, 11:45:00

U.S. NUCLEAR CAPEX DOWN 40.8%

WNN - in 2017 the average total generating cost - which includes capital, fuel and operating costs - for nuclear energy was USD33.50 per megawatt-hour (MWh).

EUROPE HAS TO RELY ON RUSSIA
2018, November, 14, 11:40:00

LUKOIL PRODUCTION 2.3 MBD

LUKOIL - For the first nine months of 2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2 project was 2,301 thousand boe per day, which is 3.7% higher year-on-year.

EUROPE HAS TO RELY ON RUSSIA
2018, November, 14, 11:35:00

BHGE, GE MAXIMIZES VALUE

GE - Baker Hughes, a GE company and General Electric Company Announce a Series of Long-Term Agreements to Maximize Value for Both BHGE and GE

All Publications »