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2018-10-19 11:15:00

RUSSIAN LNG FOR GERMANY

RUSSIAN LNG FOR GERMANY

PLATTS - Russian independent gas producer Novatek and Belgium's Fluxys Wednesday signed a land lease agreement with the port of Rostock in Germany for construction of a mid-scale LNG transshipment terminal.

Novatek will hold 49% and Fluxys 51% in the joint venture, which plans to build and operate a 300,000-mt-a-year terminal for receiving and unloading mid-scale LNG carriers, keeping LNG in storage, and providing downstream LNG distribution services.

"Fluxys as gas infrastructure partner is pleased to team up with Novatek in this venture to facilitate the market for liquefied natural gas as low emission fuel in North and Central Europe and in the Baltic Sea area," Fluxys Managing Director Pascal De Buck said, according to a company statement.

The terminal will allow customers to use LNG as an alternative to heavy fuel oil, diesel and LPG in North and Central Europe and the Baltic region. It will also supply LNG as a bunker fuel for ships in the Baltic Sea.

The terminal will receive LNG carriers from Novatek's liquefaction facility currently under construction at the Russian port of Vysotsk near St. Petersburg.

Novatek CEO Leonid Mikhelson described developing small-to-medium-tonnage projects to target niche markets and customer segments as one of the company's strategic LNG initiatives.

"This approach allows us to build effective marketing channels on different markets. Moreover, the LNG Terminal at Rostock allows us to market LNG as a marine fuel and motor fuel instead of diesel and fuel oil that will contribute to decreasing emissions and improving the environment," he said, according to a Novatek statement.

Novatek plans to increase its LNG output to 55 million mt/year by 2030, and company officials have said that they are likely to revise this figure upward.

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Earlier:

 U.S. IN EUROPE
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

 

 NORD STREAM 2 WILL COMPLETE
2018, October, 10, 08:15:00

NORD STREAM 2 WILL COMPLETE

REUTERS - The Nord Stream 2 pipeline that will transport Russian gas to Germany will be completed on time even if new sanctions are imposed on Moscow, Russia’s energy minister said.

 

 РУССКИЙ ГАЗ ДЛЯ ГЕРМАНИИ
2018, October, 5, 12:20:00

RUSSIAN GAS FOR GERMANY

GAZPROM - During the meeting, the parties discussed current issues and cooperation prospects, focusing on, among other things, Russian gas exports to Germany.

 NORD STREAM IS IMPORTANT
2018, October, 3, 08:45:00

NORD STREAM IS IMPORTANT

REUTERS - The Nord Stream 2 gas pipeline is important to secure German energy supplies and Russia is a safe and reliable provider, Thomas Bareiss, Germany’s state secretary for energy, said.

 

 NORD STREAM 2 FUNDING
2018, October, 1, 11:15:00

NORD STREAM 2 FUNDING

PLATTS - Russia's Gazprom and five European energy companies are committed to fully financing Russia's 55 Bcm/year Nord Stream 2 natural gas link to Germany if no external financing is raised

 

 GERMANY'S LNG TERMINAL
2018, September, 21, 10:00:00

GERMANY'S LNG TERMINAL

REUTERS - Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the United States which wants to ship more gas to Europe, the economy minister said.

 

 GERMANY'S GAS MARKET IS OPEN
2018, September, 19, 13:55:00

GERMANY'S GAS MARKET IS OPEN

REUTERS - “U.S. liquefied natural gas is coming to Germany. The question is not if, but when,” Brouillette told the mass circulation daily Bild in an interview published on Monday.

 

 

Tags: RUSSIA, GERMANY, LNG, GAS, NOVATEK, FLUXYS

Chronicle:

RUSSIAN LNG FOR GERMANY
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

RUSSIAN LNG FOR GERMANY
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

RUSSIAN LNG FOR GERMANY
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

RUSSIAN LNG FOR GERMANY
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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