GERMANY'S INDEPENDENCE UP
CLEW - The parallel construction of the Nord Stream 2 natural gas pipeline and a sea terminal for liquefied natural gas (LNG) will reduce Germany's dependence on individual countries for gas, economy and energy minister Peter Altmaier said in an interview with energy policy newsletter Tagesspiegel Background. "In the future, we want to depend neither on Russia nor on the United States," Altmaier told Tagesspiegel. He added that German gas demand was likely to rise as the country phases out both nuclear and coal-fired power plants.
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Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.
Germany's Wintershall -- which is set to complete its merger with upstream company DEA by the end of June -- plans to expand its projects in Russia, which will remain its core production region post-merger, its CEO Mario Mehren said Thursday.
The Gazprom Board of Directors expressed its approval the Company’s ongoing work on its major investment projects.
IEA - At the moment, Russia is sending record volumes to Europe while LNG utilisation rates remain relatively low. Limits to European production capacity and import infrastructure (with over half of pipelines operating at monthly peaks above 80%) may contribute to market tightness over the coming years, particularly if Asia continues to absorb the ramp up in global LNG liquefaction capacity.
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Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,
Alexey Likhachev reminded the audience that the Forum motto is “Nuclear for better life”. Each sphere of human activity is affected by the achievements of nuclear industry. “Peaceful atom is associated with all aims and goals of UN sustainable development program. This Forum will become a space for discussing newest technologies that will lay the basis for the future of our planet”, Mr Likhachev emphasized.
The investment incentives provided by Dubai government and the business opportunities up for grabs on the horizon were the crux of a meeting officials of the Dubai Land Department, DLD, had with a Russian delegation who participated in the recently concluded Annual Investment Meeting 2019.
U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.