2015-01-03 21:30:00
SOUTH STREAM: GAZPROM PURCHASES
Gazprom has announced that it has agreed to purchase the interest of its partners in the company set up to facilitate the offshore section of the now cancelled South Stream pipeline project.
The Russian gas giant has entered into an agreement with Italy's Eni SpA , the Wintershall Holding GmbH unit of BASF SE and French utility EDF, on the purchase of the 50% of shares in South Stream Transport BV. not already held by Gazprom.
South Stream Transport B.V. was the joint venture established to undertake the planning and construction and to operate the section of the South Stream pipeline that was run across the Black Sea. Prior to the transaction Eni held a 20% stake, EDF held 15% and Wintershall also held 15%.
The parties agreed not to disclose the financial details of the transaction, but it is believed that purchase price reimburses the cash invested by vendors.
naturalgaseurope.com
Chronicle:
2022, August, 12, 08:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
2022, August, 12, 08:43:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia.
The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
2022, August, 12, 08:42:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023
Link to the Congress website: https://bit.ly/3tXVmr7
2022, August, 12, 08:40:00
GERMANY'S HARD WINTER
With nearly half of German homes relying on gas for heating, the country faces potential rationing if it fails to secure sufficient reserves.
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.
2022, August, 12, 08:30:00
BRITAIN'S HARD WINTER
Under the government’s latest “reasonable worst-case scenario,” Britain could face an electricity capacity shortfall totaling about a sixth of peak demand, even after emergency coal plants have been fired up, according to people familiar with the government’s planning.
2022, August, 12, 08:25:00
GLOBAL LNG UNCERTAINTY
The money lost is dwarfed by enormous profits both BP and Shell recorded this year on the back of soaring refining margins and high oil and gas prices.