Putin, Merkel Pledge Support to Nord Stream 2
Russian President Vladimir Putin and his German counterpart Angela Merkel agreed to further support the Nord Stream 2 gas pipeline project in a phone call on Sunday, the Kremlin said.Putin and Merkel also agreed there was a need to boost political and diplomatic efforts to solve the Libyan crisis, while the two leaders welcomed the prisoner swap in Ukraine, which took place earlier on Sunday.(Reporting by Vladimir Soldatkin, Editing by William Maclean)
Kinder Morgan's Elba Island LNG up by mid-2020: CEO
Kinder Morgan expects to bring the remaining nine units of its liquefied natural gas (LNG) export facility at Elba Island into service by the first half of next year, Chief Executive Officer Steven Kean said on Wednesday.The first unit of Kinder Morgan's Elba Island facility began producing LNG natural gas for export last month, and is one of several new U.S. projects…
Nord Stream's Last Pipe Leaves Sweden Port
The last Nord Stream 2 pipe stored within the premises of the port of Karlshamn left the storage area. Russia’s Nord Stream 2 AG is the operator of the Nord Stream 2 gas pipeline project.Nearly 39,000 pipes have transited through the port since October 7, 2017. Out of these, almost 37,000 pipes have been shipped to the pipelay vessels working on the Swedish section of the Nord Stream 2 Pipeline.
US Considering Sanctions Over Nord Stream 2
President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent on Russia for the fuel."We're protecting Germany from Russia and Russia is getting billions and billions of dollars from Germany," Trump…
Nord Stream 2 Launch Facing Delays
Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying.The Russian-led company has two pending route applications with Danish authorities, the first of which was submitted more than two years ago, but it was…
Kinder Morgan's $1.75 bln Gas Pipeline Hit with Steel Tariff
U.S. pipeline operator Kinder Morgan Inc will pay a tariff on imported steel used in a $1.75 billion natural gas pipeline project, the U.S. Department of Commerce ruled on Monday, dealing a setback to energy industry efforts to avoid the penalties.The tariff could add up to $80 million to the construction cost of Kinder Morgan's Gulf Coast Express Pipeline, analysts estimated…
Russian Pipeline: Bringing Gas and Building Trust
A discussion over energy at the summit last week between Russian President Vladimir Putin and North Korean leader Kim Jong-un has excited the government in South Korea, where the government is desperately looking to entice the North Koreans to come in out of the cold.Among the topics that came up was access for the North Koreans to Russian electricity supplies and the…
McDermott Bags Petrobras Contract
McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline, said the provider of technology, engineering and construction solutions to the energy industry.The scope of work includes design and detailed engineering…
Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO
The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV said on Friday.The project partners will likely make another cash transfer by the end of 2018, OMV CEO Rainer Seele told Reuters in an interview."We will move into 2019 with more or less 70 percent of the project financed already," Seele said, adding that OMV has so far invested 531 million eu
Saipem Confirms Profit Guidance
Italian oil services group Saipem swung back to profit in the third quarter despite an industry slowdown, flagging more orders on the way and confirming profit guidance. Its shares were up almost 10 percent at 1133 GMT while the oil and gas sector across Europe was up 0.5 percent. Oil service companies have been struggling to fill order books as oil majors defer projects and cut billions of dollars in costs to offset low crude prices.
$500 Mln Loan Approved for TANAP Gas Pipeline Project
The board of the European Bank for Reconstruction and Development (EBRD) has approved a $500 million loan for the Trans-Anatolian Natural Gas Pipeline (TANAP), the largest part of a $40 billion project to bring new gas supplies to Europe. The so-called Southern Gas Corridor is expected to bring around 16 billion cubic metres per year to Europe by 2020 from the Shah Deniz 2 field in Azerbaijan via TANAP through Turkey…
Bulgaria Gas Group says Gets EU Funds for Gas Hub Study
Bulgaria's gas network operator Bulgartransgaz said it will get financing from the European Union for a feasibility study on a natural gas hub at the Black Sea port of Varna to store and transport Russian and Caspian gas to southeast and central Europe. Sofia's plans for the hub follow the cancellation of Gazprom's South Stream gas pipeline project that would have shipped Russian gas under the Black Sea via Bulgaria to central Europe.
Sempra Energy Agreed to Buy Peru Pipeline Stake
U.S.-based Sempra Energy has agreed to buy a majority stake in a $5 billion natural gas pipeline project in Peru being sold by Brazilian engineering group Odebrecht SA, Finance Minister Alfredo Thorne said on Thursday. "We are talking with the new company that is going to take leadership and informally they have told us an agreement between the buyers and the sellers was reached," Thorne told journalists at the Thomson Reuters Economic and Financial Forum.
Second TurkStream Stage Depends on European Market Conditions
Work on the TurkStream natural gas pipeline project is continuing and and development of the second stage of the project will depend on natural gas market conditions in Europe, President Tayyip Erdogan said on Monday. In a speech to the World Energy Congress, Erdogan said Turkey was seeking ways to implement plans for a third nuclear power plant and aimed to produce 10 percent of its electricity from nuclear power in the years ahead.
India to Fund Major Gas Pipeline to Boost Eastern States
India's government will partly fund a $2 billion gas pipeline project linking five eastern states to help kick-start economic growth in a region that has trailed the rest of the country, the oil minister said on Wednesday. The 2,500-km pipeline is to be built by state-run GAIL (India) Ltd, and this will be the first time the government has offered finance for such a project as part of Prime Minister Narendra Modi's plan for more balanced development.
Sempra-Techint Offer Best Bid on Odebrecht pipeline, Peru
A consortium formed by Sempra Energy and Techint Group offered the best bid to Odebrecht for acquiring its majority stake in a $5 billion natural gas pipeline project in Peru, a source with knowledge of the negotiations said Friday. Brazilian engineering group Odebrecht SA is ensnared in a corruption scandal in Brazil and is pulling out of Peru, including natural gas pipeline operator Gasoducto Sur Peruano GSP SA, to raise cash and repay debts.
Gazprom Says Nord Stream 2 Important for Europe
Russian gas firm Gazprom said its chief executive Alexei Miller met the head of OMV Rainer Seele on Tuesday and both sides said the Nord Stream 2 natural gas pipeline project was important for Europe's energy system. Gazprom added in a statement that work on Nord Stream 2 was on track. (Reporting by Vladimir Soldatkin and Alexander Winning, editing by David Evans)
Gazprom: Nord Stream 2 Partners Withdraw JV Notification From Poland
Russian gas giant Gazprom and five of its European partners in the Nord Stream 2 gas pipeline project have decided to withdraw their "merger control notification" from the Polish competition authority, Gazprom said on Friday. The withdrawal will not affect the construction of the Nord Stream 2 pipelines, Gazprom said in a statement. Poland's anti-monopoly watchdog said…
Russia, Turkey Reach Decision on TurkStream, Nuclear Power Plant
A political decision has been taken to continue work on the TurkStream natural gas pipeline project and the Akkuyu nuclear power plant in Turkey, Russian news agencies cited Turkish Economy Minister Nihat Zeybekci as saying on Tuesday. A meeting between Russian President Vladimir Putin and his Turkish counterpart Tayyip Erdogan, due to take place in St. Petersburg on Aug.
Russia Ready to Continue Work on Turkstream
Russia is ready to continue work on the Turkstream natural gas pipeline project involving Turkey, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Thursday. The issue is about the readiness of Europe and Turkey to implement this project, Novak was quoted as saying. The Kremlin said earlier on Thursday that it was still premature to say whether Turkstream would be resumed.
