RUSSIAN GAS TO GERMANY: 200 BLN
GAZPROM - the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.
"The Nord Stream gas pipeline is a high-profile pan-European infrastructure project, a stellar example of mutually beneficial and productive cooperation between Gazprom and its European partners. Today's development is a clear rebuttal to the skeptics. For six years, Nord Stream has consistently exported Russian gas to the European market via the most cost-efficient transit-free route, i.e. across the Baltic Sea. The gas pipeline is operating at full capacity, providing reliable energy supplies to thousands of companies and households in Europe.
Drawing on the success of Nord Stream, Gazprom is implementing a similar project, Nord Stream 2, with the active support of Europe's leading energy companies. In accordance with the plan, the new gas pipeline will be built by the end of 2019. Gazprom is convinced, as are our partners, that the project will further strengthen the reliability of gas supplies for European consumers and foster the development of the region's energy market," said Alexey Miller.
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WNN - Rusatom International Network - a subsidiary of Russian state nuclear corporation Rosatom - has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB). The memorandum provides for establishing common principles of bilateral cooperation with Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries.
BLOOMBERG - The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor market is tightening, winding down fiscal stimulus is a key priority in next year’s budget, the prime minister said in an interview in Arendal, on Norway’s southern coast.
PLATTS - A deal between Chinese companies and Alaska's state gas corporation to build the $43 billion Alaska LNG Project appears to be on scheduled despite the trade war brewing between the US and China.
REUTERS - Benchmark Brent crude oil LCOc1 was up 10 cents at $72.91 a barrel by 0930 GMT. U.S. light crude CLc1 was unchanged at $67.63 a barrel.