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2015-04-09 19:05:00

€ 75MLN FOR SOUTH STREAM

€ 75MLN  FOR  SOUTH  STREAM

Gazprom approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

The Board of Directors of "Gazprom" approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

South Stream Transport B.V. is the operator of the offshore pipeline "South Stream". Back in December 2014, Russia decided to stop the construction and instead decided to build a gas pipeline named "Turkish stream."

In December, Russia announced the rejection of the "South Stream", which was to pass under the Black Sea and through Bulgaria to deliver fuel to the Balkan Republics, Hungary, Austria and Italy. The project was abandoned due to various reasons including the counter-productive stance of the European Union towards Russia.

Instead, it was decided to build a pipeline to Turkey and to construct a gas hub for Southern European consumers on the border with Greece.

After that, "Gazprom" signed an agreement with Eni, Wintershall and EDF to buy back 50% of South Stream Transport BV. Gazprom reported that it had bought back its European partners share in the South Stream Transport for 56 billion rubles.

sputniknews.com

Tags: GAZPROM, SOUTH, STREAM, RUSSIA, GAS, PIPELINE,
€ 75MLN  FOR  SOUTH  STREAM October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

€ 75MLN  FOR  SOUTH  STREAM October, 15, 12:25:00

BAD BOYS: IMF & WBG

€ 75MLN  FOR  SOUTH  STREAM October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

€ 75MLN  FOR  SOUTH  STREAM October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

€ 75MLN  FOR  SOUTH  STREAM October, 15, 12:10:00

IRAN SANCTIONS DOWN

€ 75MLN  FOR  SOUTH  STREAM October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

€ 75MLN  FOR  SOUTH  STREAM
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

€ 75MLN  FOR  SOUTH  STREAM
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

€ 75MLN  FOR  SOUTH  STREAM
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

€ 75MLN  FOR  SOUTH  STREAM
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

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