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2015-02-20 22:30:00

RUSSIA COULD BUILD

GLOBAL ENERGY DEMAND UP 37%

Russia might direct a new pipe to Bulgaria functioning as a ramification of its planned gas pipeline to Turkey, President Vladimir Putin has hinted.

Speaking at a press conference after his meeting with Hungarian officials on Tuesday, he added such a project might be carried out if it could rely on EU funding.

He added Russia was ready to consider, together with is partners, "alternatives" to South Stream, but would not renounce cooperation with Turkey on the other project and would be unable to return to South Stream in its previous form, according to TASS news agency.

Russia scrapped in December the South Stream pipeline pumping gas into Central Europe through Bulgaria, Serbia and Hungary, citing EU opposition and Bulgarian reluctance to issue the necessary construction permits. President Putin then said energy giant Gazprom would build a pipeline to Turkey, the so-called Turkish Stream, using most of South Stream's planned route.

While in Budapest, where his visit resulted in new agreements in energy cooperation, Putin added that Moscow could in no way return to South Stream following the developments of last summer.

"We are not intending to punish anyone or to be offended to anyone... if this is logically possible, we are ready to reach Bulgaria after [we build "Turkish Stream"] - the European Commission has already asked us to do so. We are also ready to reach Greece," the Bulgarian News Agency quotes Putin as saying.

naturalgaseurope.com

Tags: TURKEY, SOUTH, STREAM, GAS, RUSSIA, BULGARIA

Chronicle:

GLOBAL ENERGY DEMAND UP 37%
2018, September, 19, 13:43:00

ЦЕНА URALS: $74,45568

МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 августа по 14 сентября 2018 года составила $74,45568 за баррель, или $543,5 за тонну. Согласно расчетам Минфина России экспортная пошлина на нефть в РФ с 1 октября 2018 года повысится на $7,5 и составит $137,5 за тонну.

GLOBAL ENERGY DEMAND UP 37%
2018, September, 19, 13:39:00

SAUDIS OIL PRODUCTION: 10.42 MBD

PLATTS - Saudi production has since risen to 10.42 million b/d in August, the country reported to OPEC in the organization's most recent monthly oil market report. Saudi Arabia's crude oil stocks, which have been declining steadily over the last three years, fell to 229.41 million barrels in July, down 11.4% since May 2017, the JODI data showed.

GLOBAL ENERGY DEMAND UP 37%
2018, September, 19, 13:35:00

U.S. PRODUCTION: OIL + 79 TBD, GAS + 961 MCFD

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 79,000 b/d month-over-month in October from 7,515 to 7,594 thousand barrels/day , gas production to increase 961 million cubic feet/day from 72,127 to 73,088 million cubic feet/day .

GLOBAL ENERGY DEMAND UP 37%
2018, September, 19, 13:30:00

U.S. - CHINA SANCTIONS: $60 BLN

REUTERS - Beijing on Tuesday said it would tax U.S. products worth $60 billion effective Sept. 24 in retaliation for tariffs imposed by U.S. President Donald Trump in an escalating trade war.

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