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2014-05-01 19:00:00

SOUTH STREAM: ON SCHEDULE

SOUTH STREAM: ON SCHEDULE

OAO Gazprom says the South Stream gas pipeline project is "progressing in strict compliance with the schedule."

From Russia, South Stream gas pipeline will cross the Black Sea to southern and central Europe.

"Only South Stream may offer now extra guarantees of energy security to Europe," said Alexey Miller, chairman of Gazprom's management committee.

Gas production will be delivered starting in late 2015. The pipeline is expected to reach full capacity of 63 billion cu m in 2018.

Gazprom said 8,500 jobs would be created in Bulgaria, Serbia, Hungary, Slovenia, and Croatia in building and operating South Stream.

Gazprom said Bulgaria is expected to sign contracts "soon" for equipment procurement, installation, personnel training, and commissioning of a pipeline section. Similar activities are being carried out in Serbia.

Main construction operations in Bulgaria and Serbia are scheduled for this summer.

In Hungary, front-end engineering and design work is under way, along with spatial planning and environmental impact assessment (EIA) activities.

Spatial planning and EIA also are in progress in Slovenia. Bids to design the Slovenian section will be announced before the beginning of summer.

In Croatia, a draft contract and scope of work for devising project documentation are being negotiated.

The investment concept is being developed for constructing a gas branch to Macedonia.

Gazprom has also started examining the possibility of creating a gas pipeline section in Austria simultaneously with the Slovenian section.

The offshore pipeline laying will begin this autumn.

The Russkaya main compressor station, South Stream's starting point, will have installed capacity of 448 Mw. Work on the station will be completed this year.

Large-scale construction continues on the Southern Corridor gas trunkline system to feed gas to South Stream.

ogj.com

Tags: GAZPROM, GAS, SOUTH, STREAM
SOUTH STREAM: ON SCHEDULE September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

SOUTH STREAM: ON SCHEDULE September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

SOUTH STREAM: ON SCHEDULE September, 21, 10:45:00

UNEXPECTED OIL PRICES

SOUTH STREAM: ON SCHEDULE September, 21, 10:40:00

OIL MARKET UNCERTAINTY

SOUTH STREAM: ON SCHEDULE September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

SOUTH STREAM: ON SCHEDULE September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

SOUTH STREAM: ON SCHEDULE
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

SOUTH STREAM: ON SCHEDULE
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

SOUTH STREAM: ON SCHEDULE
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

SOUTH STREAM: ON SCHEDULE
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »