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2014-06-24 21:55:00

SOUTH STREAM: GAZPROM & OMV

SOUTH STREAM: GAZPROM & OMV

Russia's Gazprom finalised a deal on Tuesday to build a branch of its controversial South Stream gas pipeline to Austria, in the face of EU opposition to the project.

The signing of the agreement by the chief executives of Gazprom and Austrian oil and gas group OMV took place in Vienna as Russian President Vladimir Putin flew in to the Austrian capital for a one-day working visit.

South Stream, which will cost an estimated $40 billion, is designed to carry Russian gas to the centre of Europe, a continent already dependent on Russia for a third of its gas needs, on a route that bypasses current transit country Ukraine.

"This investment decision is an investment into the security of the gas supply for Europe," OMV CEO Gerhard Roiss told a news conference after the signing.

reuters.com

Tags: SOUTH, STREAM, GAZPROM, OMV, GAS

Chronicle:

SOUTH STREAM: GAZPROM OMV
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

SOUTH STREAM: GAZPROM OMV
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

SOUTH STREAM: GAZPROM OMV
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

SOUTH STREAM: GAZPROM OMV
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

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