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2018-05-18 08:50:00

NORD STREAM TO GERMANY

NORD STREAM TO GERMANY

REUTERS - A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast.

"Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel.

"Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said. The regulatory authority granted the consortium a permit in January to build the pipeline in German territorial waters.

There have been years of political wrangling over whether the additional route to bring Siberian gas to Germany directly from next year is in Europe's interest, economically and geopolitically.

Environmentalists in Germany and Finland are still trying to halt licensing, saying authorities should take more care the pipeline does not endanger marine life.

The consortium has said it will mitigate environmental problems, while arguing for the economic case of the project, as Europe will need more imported gas in future.

Nord Stream 1, of an identical 55 bcm to the planned new pipeline and opened in 2010, has proved successful, it says.

The Nord Stream 2 project has said it will tap banks for financing in the fourth quarter of 2018 or early next year.

Denmark still has to rule whether the pipeline can be built near its coast, for which there is no concrete timing.

Other routine permissioning processes are still under way in Sweden and Russia.

Gazprom's Western partners are energy companies Uniper , Wintershall, Engie, Austria's OMV and Anglo-Dutch group Shell.

Poland's anti-monopoly office said last week it had launched proceedings against Gazprom and the five European firms financing Nord Stream 2 over a potential breach of anti-monopoly laws.

Poland sees the Nord Stream 2 pipeline, which would double Russia's gas export capacity via the Baltic Sea, as a threat to Europe's energy security and argues it will strengthen Gazprom's already dominant position in the market.

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Earlier:

 ФИНСКИЕ ГАЗОВЫЕ РАЗРЕШЕНИЯ
2018, April, 13, 17:45:00

FINLAND'S GAS PERMITS

GAZPROM - Nord Stream 2 AG received the second permit required for the construction and operation of the Nord Stream 2 gas pipeline in the Finnish Exclusive Economic Zone (EEZ), thereby completing the permitting procedure in Finland.

 NORD STREAM  NIGHTMARES U.S.
2018, March, 14, 11:35:00

NORD STREAM NIGHTMARES U.S.

OGJ - Sandra Oudkirk, deputy assistant secretary for energy diplomacy at the US Department of State’s Bureau of Energy Resources, said Nord Stream 2 matters to the US because it would cement a transportation system in place that could perpetuate dependence on Russian gas for some key US allies. “It would not increase the amount of gas coming into Europe, only replace volumes that now are being transported through Ukraine,” she said.

 U.S. - RUSSIA SANCTIONS ANEW
2018, January, 31, 11:05:00

U.S. - RUSSIA SANCTIONS ANEW

REUTERS - U.S. Secretary of State Rex Tillerson said in Warsaw on Saturday that the United States sees Nord Stream 2 as a threat to Europe’s energy security.

 РУССКИЙ ГАЗ В ГЕРМАНИЮ: 200 МЛРД.
2017, December, 1, 12:45:00

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.

 GAZPROM UP 12%
2017, July, 7, 07:55:00

GAZPROM UP 12%

"Our gas in Europe sees increasing demand. Gas export pipeline Nord Stream is in demand by more than 100%. On certain days at the last fall/winter season, the flow stood at 111% of its capacity," Miller said.

 NORD STREAM - 2 INVESTMENT
2017, April, 25, 18:40:00

NORD STREAM - 2 INVESTMENT

Nord Stream 2 AG signed financing agreements for the Nord Stream 2 pipeline project with ENGIE, OMV, Shell, Uniper and Wintershall.

 NORD STREAM-2 FOR EUROPE
2017, March, 31, 18:45:00

NORD STREAM-2 FOR EUROPE

Russian state gas exporter Gazprom, which supplies around a third of the EU's gas, with much coming via Ukraine, is keen for Nord Stream 2 to be built by 2019, when it must renegotiate gas transit fees with Kiev.

Tags: NORD, STREAM, RUSSIA, GERMANY, GAZPROM

Chronicle:

NORD STREAM TO GERMANY
2018, August, 15, 10:40:00

RUSSIAN NUCLEAR IN EURASIA

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.

NORD STREAM TO GERMANY
2018, August, 15, 10:35:00

NORWAY'S KEY PRIORITY

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.

NORD STREAM TO GERMANY
2018, August, 15, 10:30:00

ALASKA LNG: $43 BLN

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.

NORD STREAM TO GERMANY
2018, August, 13, 14:05:00

OIL PRICE: NEAR $73

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.

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