EU Commission

Gazprom has found a way to avoid the accusations of the European Commission

The Russian gas concern Gazprom can reform its European assets in order to fulfill the demands of the ‘third energy package’ of the EU and to avoid the accusations of the European Commission. Vedomosti writes on September 20 that Interfax reported about that a day ago referring to unidentified sources. Gazprom refused to comment about the issue. Read more »

Gazprom welds the second line of Nord Stream

The last joint of the second line of Nord Stream is welded at Portovaya Bay, the press service of Gazprom reports. The last joint connects the sea sector of the second line of the gas pipeline with the coastal sector and land infrastructure at the Russian coast in Portovaya Bay near Vyborg. The filling of the second line with technical (buffer) gas will start in several days, this is the last step before its putting into operation. Gas deliveries to Europe via the second line of Nord Stream will start in Q4, 2012. Read more »

Eni expects the investment decision about South Stream at the end of 2012 – beginning of 2013

The Italian oil and gas company Eni expects the final investment decision about the project of the building of the South Stream gas pipeline either at the end of 2012 or in the beginning of 2013, Reuters reports with reference to the statement of the Head of Eni, Paolo Scaroni.

“All four partners are working to make the final investment decision either at the end of December or in the beginning of 2013”, Scaroni said. Read more »

Gazprom: It might take 4-8 years to free Russian gas pipelines from the 3rd Energy package

The process of releasing the South Stream gas pipeline and Nord Stream-3 from the requirements of the Third Energy Package of EU might take 4-8 years, the deputy CEO of Gazprom export (affiliate of Gazprom specializing in exports), A. Golubnichiy, said in the interview to Russia Today TV channel.
He said that the construction of the Nord Stream-3 was caused by the demand from the market. Read more »

Contractors for the Bulgarian section of South Stream to be chosen on March 23rd

The contractors for the Bulgarian section of the South Stream gas pipeline will be selected on March 23rd, the final investment decision on the section will be made by November, Gazprom OAO reports. Read more »

Gazprom has discussed the South Stream construction schedule

Gazprom has discussed the schedule of the construction of the South Stream gas pipeline in the variant of the maximum capacity of 63 bln cubic meters a year, the company reports. Read more »

The main route of South Stream not to go to Austria but to the North of Italy

Gazprom OAO has determined the route of the South Stream – the main route of the gas pipeline will go not to Austria, that actively promotes Nabucco, but to the North of Italy, Moscow News writes on Wednesday referring to a source close to the Russian gas holding. According to the interlocutor, the Russian concern has determined the route of the gas pipeline on the territory of Europe in September- after the signing in Sochi of the shareholders agreement on the construction of the sea part of South Stream. Read more »

Gazprom does asset exchange with Wintershall

Gazprom has signed an asset swap agreement with shareholder of the German Wintershall, BASF concern. The Russian party will provide Wintershall with access to two blocks of Urengoy deposits in exchange for entering Wintershall extraction projects in the North Sea. Gazprom and Wintershall are already experienced in joint extraction in the North Sea as well as at Urengoy deposit, however these extraction volumes were insignificant in scale of Gazprom. Read more »

European Commission has criticized South Stream

Tomorrow in the presence of the Prime Minister V. Putin, Gazprom is to sign a legally binding agreement of shareholders with the participants of South Stream – ENI, EDF and Wintershall – on their joining the project and the warranties of its launch. But  the document is being prepared under pressure from the part of the  European Union. The European Commissioner G. Ettinger called the project to be contradicting the interests of the EU and threatened Gazprom with contract problems if South Stream competes with Nabucco. Read more »

Fitch: Nord Stream to deprive gas operators of the Ukraine and Slovakia of 20% revenue from transit

Fitch expects the launch of the 1st branch of the gas pipeline Nord Stream to lead to the fall of the transit revenue of the gas operators in the Ukraine and Slovakia – Naftogas and Slovensky Plynarensky Priemysel (SPP) – by 20% in 2012, the agency reports.
The filling of the Nord Stream pipeline with process gas started on Tuesday at the compressor station “Portovaya”. 
At the present time the Russian gas is shipped to the Western Europe by 2 routes – via the territory of Belarus and then Poland and also via the Ukraine and then Slovakia, 2/3 of the supplies are done by the 2nd Read more »

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