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2018-08-13 13:50:00

RUSSIAN GAS FOR EUROPE

РУССКИЙ ГАЗ ДЛЯ ЕВРОПЫ

PLATTS A World Trade Organization court ruling published Friday confirmed the key principles of the EU's Third Energy Package are lawful, but concluded that some conditions, including access to the OPAL pipeline, are not in line with WTO norms.

Russian state-owned gas producer and transporter Gazprom filed a complaint with the WTO about the legislation in April 2014, arguing Russian infrastructure was being treated unfairly. Since then, constraints on access to OPAL have been lifted, resulting in flows via Nord Stream increasing to full capacity of 155 million cu m/day. The decision is therefore not expected to be market moving.

The European Commission described the ruling as "an important positive outcome for the EU, as it secures the core elements of the Third Energy Package."

In a statement released Friday, it said the EU was cleared of claims of discrimination against Russian pipeline transport services, suppliers and Russian gas itself.

"The panel ruled in favor of the EU concerning the rules on 'unbundling', i.e. the requirement to separate energy supply and generation from the operation of transmission networks, as well as on liquefied natural gas (LNG) and on upstream pipeline networks," the statement said.

The commission said it will now analyze the issues that the WTO has not recognized as compatible with its norms.

Gazprom said in a statement that the ruling confirmed that three aspects of the Third Energy Package do not comply with WTO norms. These include special treatment for OPAL, and demands for certain certifications for foreign-owned gas transportation operators. It also said the WTO found that EU regulations that favor projects aimed at diversifying gas supply sources to the EU from countries other than Russia are not in line with WTO norms. One such is the Southern Gas Corridor bringing Caspian region gas to Europe.

"Gazprom has always said that the interests of gas suppliers need to be taken into account in the implementation of European energy policy, and it is therefore satisfied with the sections of the final report that cover these violations, and expects the EU to take the necessary actions to eliminate the violations identified by bringing its legislation into compliance with the report," the company said.

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Earlier:

W.Europe
2018, July, 30, 13:45:00

U.S. LNG FOR EUROPE

NYT - Demand for natural gas — a cleaner-burning fossil fuel than coal or oil — is rising worldwide, and the United States is a growing supplier of liquefied natural gas, or L.N.G. The European Union, meanwhile, wants to diversify its energy supply, which remains somewhat dependent on Russia, with which it has a difficult relationship.

 Russia
2018, July, 25, 09:55:00

EUROPE WITHOUT U.S.

REUTERS - Two thirds said they supported the construction of the Nord Stream 2 Baltic Sea pipeline because it would help provide Germany with a more reliable supply of natural gas.

 Russia
2018, July, 23, 13:45:00

ВОССТАНОВЛЕНИЕ БАЛАНСА ИНТЕРЕСОВ

МИНЭНЕРГО РОССИИ - «Ключевым вопросом предложения взаимодействия для российской стороны является урегулирование вопросов, которые сегодня находятся в Арбитражном суде. Должен быть восстановлен баланс интересов, чтобы взаимоотношения продолжались после 2020 года», - сказал Александр Новак.

 W.Europe
2018, July, 6, 11:35:00

€500 MLN FOR TRANS ADRIATIC PIPELINE

EBRD - The EBRD Board of Directors has approved an up to €500 million loan for the construction of the Trans Adriatic Pipeline (TAP), a priority project of the European Union (EU) and the Energy Community. The 878 kilometre pipeline will start at the Greek/Turkish border, cross Albania and, after passing under the Adriatic Sea, will end in southern Italy. It constitutes the final leg of the Southern Gas Corridor and will transport gas from the Caspian region to Europe.

 W.Europe
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.

 

 

 W.Europe
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.

 W.Europe
2018, June, 27, 11:10:00

СОТРУДНИЧЕСТВО РОССИИ И ЕВРОПЫ

МИНЭНЕРГО РОССИИ - в ходе переговоров был актуализирован статус реализации совместных инфраструктурных проектов «Северный поток-2» и «Турецкий поток», направленных на диверсификацию маршрутов транзита газа и повышения энергетической безопасности ЕС.

 W.Europe
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.

 

 

Tags: RUSSIA, GAS, EUROPE, GAZPROM