RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2021-10-15 09:30:00

ADDITIONAL RUSSIAN GAS

ADDITIONAL RUSSIAN GAS

PLATTS - 14 Oct 2021 - Russia's Deputy Prime Minister Alexander Novak said Oct. 14 that there had been no official requests put to the Russian government from Europe for additional gas supply.

Speaking at Russian Energy Week, Novak also said the Nord Stream 2 pipeline would be ready to begin commercial operations "in the coming days" but that its startup still depended on winning approval from European regulators.

European gas prices have soared in recent weeks on intensifying winter supply concerns, with the day-ahead TTF price hitting a record high of Eur116.10/MWh ($39.50/MMBtu) on Oct. 5, according to S&P Global Platts assessments.

Novak said Russia and state-controlled Gazprom stood ready to supply more gas if it is requested, echoing comments made Oct. 13 by Russian President Vladimir Putin.

"Officially, no one has asked either the energy ministry or the government for additional [gas] supplies," Novak said.

"Gazprom, as the only exporter of pipeline gas, to date is fully meeting its obligations under all contracts. If there is a need from buyers with long-term contracts to increase gas volumes [...] then Gazprom would increase supply in accordance with requests," he said.

"If somebody needs more gas, Gazprom would be ready to consider [providing] those supplies based on the output capacities that it has," he said.

Novak said he had met with the management of Finland's Fortum -- the majority owner of German utility Uniper -- on Oct. 13, and that the company had said it was not experiencing any supply issues.

Nord Stream 2

Russia has also repeatedly said that the launch of the Nord Stream 2 pipeline to Germany would help calm the European gas market.

Asked when he expected the pipeline to begin commercial operations, Novak said it would depend on the approval process from the regulator. "The construction of Nord Stream 2 is completed, and now works on commissioning and filling of the pipe with the required technical gas are underway," Novak said.

"It will be ready in the coming days in order to become operational," he said, adding that the operator Nord Stream 2 AG had done all the necessary work to begin commercial operations, including the technical certification of the first 27.5 Bcm/year string.

Nord Stream 2 AG said on Oct. 4 it had begun filling the first string with gas following the pre-commissioning process.

Novak said first flows would depend on the timing of the approval from the German regulator, the Bundesnetzagentur.

Nord Stream 2 AG filed its application for approval as an independent gas transmission system operator in June, but it was only deemed complete in September.

The Bundesnetzagentur has up to four months from Sept. 8 to produce a draft decision, which means a first decision might not be published before January 2022.

Unless the regulator gives the green light to begin flows as part of its draft decision, the process could delay first gas even further as the European Commission then has two months to review it before returning it to the regulator, which then itself has two more months to make a final decision.

"It all depends on the German regulator," Novak said. "This does not depend on us, but solely on the European and German regulators and when they give approval," he said.

"Commercial deliveries can start from the moment of the approval of the German and European regulators and the issuance of requests from buyers of gas," he said.

European issue

Novak went on to criticize Europe for "poor management" of its gas market and the EU's "targeted" strategic shift away from long-term contracts to more spot supplies.

"In Europe, poor decisions were made. Nobody is planning gas demand, nobody is thinking what is going to happen with supply. So there is just a hope that some invisible power is going to take care of gas supplies," he said.

"You can't blame other markets for that," he said.

Novak also said Russia would make sure its domestic market was well supplied this winter. "First and foremost we are going to take care of the domestic market and fill our own storages," he said.

He said the storage injection season was ongoing in Russia, with current temperatures allowing for continued stockpiling, adding that he expected injections to carry on until the end of October.

"You have to bear in mind the need to have back-up gas reserves to get through winter and those reserves have to be formed to take into account the lowest possible temperatures," he said.

-----


Earlier:

ADDITIONAL RUSSIAN GAS
2021, October, 11, 11:55:00
GAS DEMAND RECOVERY
The steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors.
ADDITIONAL RUSSIAN GAS
2021, October, 8, 10:25:00
MORE RUSSIAN GAS
Gazprom increased gas supplies to Turkey (+138.3 per cent), Germany (+33.2 per cent), Italy (+14.2 per cent), Romania (+305.6 per cent), Serbia (+125.2 per cent), Poland (+11.2 per cent), Bulgaria (+52.5 per cent), Greece (+10.8 per cent), and Finland (+17.5 per cent).
ADDITIONAL RUSSIAN GAS
2021, October, 8, 10:20:00
RUSSIAN GAS FOR HUNGARY, CROATIA
Hungary and Croatia started receiving Russian natural gas via a new route: the gas is supplied by the TurkStream gas pipeline and further across the national gas transmission systems of Bulgaria, Serbia, and Hungary.
ADDITIONAL RUSSIAN GAS
2021, September, 28, 13:40:00
RUSSIAN GAS FOR HUNGARY
15-year contracts signed for supplies of Russian gas to Hungary
ADDITIONAL RUSSIAN GAS
2021, September, 21, 12:50:00
RUSSIAN GAS FOR TURKEY +153%
From January 1 through September 19, 2021, Gazprom delivered 20.3 billion cubic meters of gas to Turkey. This is an all-time high amount of gas for this period and an increase of 153 per cent (or 12.3 billion cubic meters) against 2020 (8 billion cubic meters).
ADDITIONAL RUSSIAN GAS
2021, September, 20, 12:30:00
GAZPROM: RELIABLE SUPPLIER
Gazprom was a reliable supplier "no mater how the cold winter, no matter how harsh the conditions."
ADDITIONAL RUSSIAN GAS
2021, September, 16, 13:45:00
GAS IS A KEY
Despite adaptations of new fuels and technologies to help achieve the net-zero goal, natural gas will continue to play a vital function for the foreseeable future.
All Publications »
Tags: RUSSIA, GAS
Chronicle:
ADDITIONAL RUSSIAN GAS
2021, December, 2, 12:07:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
ADDITIONAL RUSSIAN GAS
2021, December, 2, 12:06:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
ADDITIONAL RUSSIAN GAS
2021, December, 2, 12:05:00
GAZPROM GAS PRODUCTION +14.7%
Brent rose $3.25, or 4.7%, to $72.48 a barrel, WTI rose $3.01, or 4.6%, to $69.19 a barrel.
ADDITIONAL RUSSIAN GAS
2021, December, 2, 12:00:00
RENEWABLES FOR POLAND
The measure was initially approved in 2017, with a budget of approximately €9.4bn (PLN40bn), and was set to expire on 30 June 2021.
ADDITIONAL RUSSIAN GAS
2021, December, 1, 16:15:00
OIL PRICE: NOT BELOW $72
Brent rose $3.25, or 4.7%, to $72.48 a barrel, WTI rose $3.01, or 4.6%, to $69.19 a barrel.
ADDITIONAL RUSSIAN GAS
2021, December, 1, 16:00:00
JAPAN, IAEA NUCLEAR COOPERATION
“As an increasing number of states pursue nuclear energy, decommissioning and waste management as well as nuclear security are two components essential for its sustainable use” said Toshio Kodama, President of JAEA. “JAEA is determined to work together with the IAEA in this scheme to contribute to the international community in these two important areas.”
ADDITIONAL RUSSIAN GAS
2021, December, 1, 15:55:00
FRANCE, IAEA NUCLEAR COOPERATION
France operates 56 nuclear power reactors, which make up over 70% of the country’s electricity generation. It has a smaller per capita carbon footprint than most developed countries. “France is already a world leader in low carbon energy generation, and nuclear energy has a major role to play in that,” Mr Grossi said.
All Publications »