2017-07-05 12:25:00
RUSSIAN GAS FOR CHINA
GAZPROM - July 4, 2017, 16:15, Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, signed in Moscow a Supplementary Agreement to the Sales and Purchase Agreement for Russian gas to be supplied via the eastern route, which had been inked by the parties on May 21, 2014.
The ceremonial exchange of the signed documents took place in the presence of Vladimir Putin, President of the Russian Federation, and Xi Jinping, President of the People's Republic of China.
According to the Supplementary Agreement, gas supplies to China via the Power of Siberia gas pipeline will commence in December 2019.
"The signing of this document is a crucial step in the implementation of the project, a step achieved by Gazprom and CNPC thanks to clear and concerted action on both sides of the border. Our work is strictly on schedule, even ahead of schedule regarding Power of Siberia. Russian gas supplies to China will come right on time," said Alexey Miller.
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Earlier:
GAZPROM & CHINA: SEQUENTIAL DEVELOPMENT
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September, 21, 11:00:00 |
OIL PRICE: NEAR $79 STILL |
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September, 21, 10:55:00 |
RUSSIA'S OIL PRODUCTION: 11.3 MBD |
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September, 21, 10:45:00 |
UNEXPECTED OIL PRICES |
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September, 21, 10:40:00 |
OIL MARKET UNCERTAINTY |
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September, 21, 10:35:00 |
OPEC-NON-OPEC DECISIONS |
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September, 21, 10:30:00 |
U.S. CAPITAL EXPENDITURES UP |
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Chronicle:
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
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.
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.
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.