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2015-12-03 19:40:00

NORD STREAM: NO DETAILS

NORD STREAM: NO DETAILS

Despite being in the midst of a row on the troubled Turkish Stream project, Chairman of the Gazprom Management Committee Alexey Miller yesterday met with OMV's Rainer Steele to discuss the Nord Stream-2 expansion project.

In a statement released on Gazprom's website yesterday, the company said that the Mr. Miller and Mr. Steele, who is Chairman of the OMV Executive Board, met at Gazprom's headquarters yesterday to hold a working meeting.

The brief statement says that the two discussed the status of the Nord Stream 2 project. No details of what the discussions entailed were included.

Additionally, the statement says, the two sides discussed the possibilities of an asset swap and oil supplies to OMV from the Gazprom Group portfolio. No further details were given about the talks. OMV has not yet released a statement of its own.

OMV and Gazprom are two of the shareholders in the contentious Nord Stream-2 expansion project. BASF, E.ON, ENGIE, and Shell are the four other stakeholders.

The Nord Stream-2 deal has, in recent times, faced harsh criticism from a number of governments, who say the project could destabilise Ukraine and contravene the EU's interests in energy security and diversity. Last week, 10 governments, including Poland, Lithuania, and Greece, sent a letter to the European Commission outlining their concerns and calling for an "exclusive debate", Reuters reported.

The reaction is not the only hurdle Gazprom is facing currently about a pipeline project. Following the downing of a Russian military plane by Turkey last month, it was rumoured yesterday that the Russian government may "freeze" the Turkish Stream pipeline as it imposes sanctions on Turkey.

naturalgaseurope.com

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BULGARIA SUPPORTS RUSSIA 

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Tags: NORD, STREAM, GAZPROM, OMV, GAS, PIPELINE
NORD STREAM: NO DETAILS September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

NORD STREAM: NO DETAILS September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

NORD STREAM: NO DETAILS September, 21, 10:45:00

UNEXPECTED OIL PRICES

NORD STREAM: NO DETAILS September, 21, 10:40:00

OIL MARKET UNCERTAINTY

NORD STREAM: NO DETAILS September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

NORD STREAM: NO DETAILS September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

NORD STREAM: NO DETAILS
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

NORD STREAM: NO DETAILS
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.

NORD STREAM: NO DETAILS
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.

NORD STREAM: NO DETAILS
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 »