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2018-07-25 10:15:00

ABSURD U.S. SANCTIONS

АБСУРДНЫЕ САНКЦИИ США

PLATTS - Russian energy minister Alexander Novak Friday described a US bill introduced by senator John Barasso, Republican-Wyoming, that would impose mandatory sanctions against the Nord Stream 2 pipeline as "absurd", according to the Prime news agency.

"I have not seen this bill, we need to study it from a legal point of view, but based on what the media has written about it, this is, in my opinion an absurd bill that offsets all market rules," Novak told journalists, Prime reported.

Speculation is growing about the fate of the Nord Stream 2 project, which would double Nord Stream's capacity and allow for shipments of up to 110 Bcm/year of Russian gas. The project has divided opinion in Europe, with some including the European Commission and many countries in Eastern Europe opposing the project on the grounds that it will increase Europe's dependence on Russian gas.

It has not been blocked yet, however, and five European companies continue to invest in it. Of the $11.3 billion estimated cost of Nord Stream 2, European partners Shell, Uniper, Wintershall, OMV and Engie signed up to cover 50% through a long term contract.

Almost half of this has already been provided, which leaves $2.8 billion, or 10% of Gazprom's 2018 capex program at risk of sanctions, analysts at VTB Capital said in a research note this week.

US officials have also criticized the project, but in recent weeks conflicting messages from US President Donald Trump have led to a lack of clarity about his stance on sanctions and broader cooperation with Russia.

In response US congressional leaders are pushing legislation to strengthen sanctions against the Russian energy sector, with other bills likely to follow Barasso's.

Meanwhile, Russian officials have called for closer cooperation. During Trump's first major summit with Russian President Vladimir Putin at the beginning of this week, Putin said Russia and the US may work to together to regulate international markets to avoid price volatility.

On Thursday, Novak said the two countries could cooperate more on energy issues, suggesting they revive the Russia-US energy dialog that has not been in operation for several years to discuss key energy issues.

"The USA is a gas exporter and this is one of the most interesting topics -- how to interact on gas markets, considering that these markets are still local. There are separate Asian, European and American markets. Here it would be nice, as we do in the framework of the Gas Exporting Countries Forum, to cooperate with other exporters, for example the USA," Novak said.

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Earlier: 

 Russia
2018, July, 4, 12:15:00

NORD STREAM 2 FINANCING

REUTERS - “The project will definitely be financed. It is important for Gazprom and Russia currently has a high liquidity in euros,” Paul Corcoran, the Nord Stream 2 CFO, told Welt am Sonntag in an interview.

 Russia
2018, July, 2, 12:01:00

RUSSIA'S GAZPROM RECORD

PLATTS - Russian gas giant Gazprom can set a new historical gas export record ofnearly 200 Bcm in 2018, up nearly 3% on the year, as demand in Europecontinues rising amid declining production in the region, the company'sCEO Alexei Miller said Friday.

 Russia
2018, July, 2, 11:55:00

NORD STREAM-2: NO SANCTIONS

REUTERS - Germany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a spokeswoman for the German economy ministry said on Friday.

 Russia
2018, June, 27, 10:55:00

U.S. - NORD STREAM SANCTIONS

OGJ - Sandra Oudkirk, deputy assistant secretary for energy diplomacy at the US Department of State, confirmed that the Trump administration has received several requests to sanction the proposed Gazprom-sponsored pipeline that would extend from Russia beneath the Baltic Sea to Germany.

 Russia
2018, June, 22, 13:15:00

GAZPROM FOR GERMANY: +13%

GAZPROM - The meeting highlighted that Germany continued to ramp up its imports of Russian gas. According to preliminary data, from January 1 through June 19, 2018, Gazprom supplied Germany with 28.2 billion cubic meters of gas, an increase of 13.1 per cent from the same period of 2017.

 Russia
2018, June, 8, 13:10:00

ШВЕЦИЯ РАЗРЕШИЛА "СЕВЕРНЫЙ ПОТОК-2"

ГАЗПРОМ - компания Nord Stream 2 AG получила разрешение на строительство и эксплуатацию газопровода «Северный поток — 2» в шведской исключительной экономической зоне (ИЭЗ). Разрешение Правительства на участок протяженностью приблизительно 510 км в шведской ИЭЗ было выдано Министерством по предпринимательству и инновациям, которое отвечает за рассмотрение заявки. Газопровод «Северный поток — 2» протяженностью около 1230 км будет построен для транспортировки природного газа из России в ЕС через Балтийское море.

 

 Russia
2018, May, 25, 10:45:00

САНКЦИЙ БУДЕТ БОЛЬШЕ

МИНФИН РОССИИ - Сейчас мы, к сожалению, видим обратные процессы – когда процесс введения ограничений, санкций сначала для одной, для другой страны, потом захватывает все больший и больший периметр, захватывает мировые экономики. Теперь мы видим, что санкции могут распространяться и на союзников.

 

 

Tags: USA, RUSSIA, EUROPE, GAS, NORD STREAM, SANCTIONS