Nord Stream 2

Gazprom expects that supply of pipes for Nord Stream-2 to start in June-July

Gazprom expects that the supply of pipes for the Nord Stream-2 project will begin in June-July 2016. This was reported by two sources familiar with the situation.
The competition for the supply of pipes will be prepared in January and held in February-March next year.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Italian INTESA is interested in the financing of “Nord Stream-2”

Italian Intesa Sanpaolo plans to take part in the financing of “Nord Stream-2” gas pipeline project. Chairman of the Board of Directors of “Bank Intesa”, Russian-based subsidiary, A.Falliko said, RIA Novosti reports.
“We are ready to finance new bilateral projects of Gazprom. Besides, we plan to take part in “Nord Stream-2”, Falliko said.
According to him, Intesa Sanpaolo is also interested in participation in the next placement of Eurobonds by Gazprom. Answering the question about its volume, Falliko said: “We map out a meeting next month. The plans of Gazprom might become clear during the meeting.” He is confident that the securities of the Russian gas holding can arouse interest of the European investors.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Nord Stream-2 to increase reliability of gas supply to Europe

Nord Stream-2 will increase the reliability of gas supply to Europe. The Chairman of the Board of Management of “Gazprom” A.Miller and the General Secretary of the French Republic’s Presidential Administration Jean-Pierre Jouyet said during the working meeting in Paris.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Eighteen bln roubles, spent for the “Southern Corridor” is a waster, mass media

Gazprom will transfer unwelded pipes, meant for the “South Stream” for the needs of “Nord Stream-2”. While the welded and arranged pipes at 18 billion roubles can not be used, Vedomosti writes.
The sources, close to pipe companies stated that “Gazprom” welded and laid down about 240 km of pipes from the planned 1625 km of the Eastern route of “Southern Corridor”.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

The stopper in the relations between Turkey and Russia - what Azerbaijan gets?

The fate of the "Turkish stream" depends on the results of the parliamentary elections in Turkey. However, according to political analysts, now the party of the Turkish President Recep Tayyip Erdogan has little chance of getting a parliamentary majority, and this makes the fate of the "Turkish stream" unpredictable, Gazeta.ru writes.
Agreement with Turkey on gas pipeline "Turkish Stream" was stored, Russian Foreign Minister Sergei Lavrov stated on Wednesday. He recalled that the President of Turkey Recep Tayyip Erdogan during his visit to Moscow on September 23 confirmed the loyalty of past decisions.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Matthias Warnig sells his share in EFESk

Head of Nord Stream Matthias Warnig has quickly become disillusioned with network engineering: as the Kommersant has got to know, in summer, he sold 46% of shares in the contractor company EFESk, half of which he bought in March. After him, the post of director of the company was left by the former top manager of FGC Leonid Mazo, who got rid of 17% of shares. They failed to solve the accumulated financial problems of EFESk, and now the contractor can only terminate contracts and return bank guarantees.
Matthias Warnig told the Kommersant that he left shareholders of the network contractor EFESk, where he was the largest co-owner with the share of 46%. A representative of the Nord Stream’s head explained that he decided to concentrate on a new task for the construction of the Nord Stream-2 gas pipeline, which "makes impossible a serious participation of Mr. Warnig in other business projects".
 

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

BASF to invest about 2 bln euro into Nord Stream-2 in the coming 5 years

​The chairman of BASF, C. Bokk, said that the cooperation in the gas transportation sphere goes on, Nord Stream is expanded with other European partners.
The investment of BASF into Nor Stream-2 will make up about 2 bln euro in the coming 5 years.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Metallurgical companies join Nord Stream-2

Russian pipe manufacturers prepare to fight against foreign competitors for the supply of pipes for the second stage of the Nord Stream gas pipeline. Analysts have estimated that the total value of the order could be around $3 billion, of which the Russian players, despite the lower cost of the production, at best, will get half. The rest will go to foreigners, since the project needs the support of the European Union.
Today, the Swiss company Nord Stream 2 AG, the operator of the same name project of expansion of the Nord Stream gas pipeline from Russia to Europe under the Baltic Sea, will start accepting applications for the tender to supply pipes for the two lines with total capacity of 55 billion cubic meters of gas per year, the Kommersant’s sources in the pipe industry report. According to them, the application will be taken immediately for the entire volume of pipes for delivery in 2016-2018 (the pipeline is planned to be launched in 2019). The results of the tender should be announced "before the end of the year," says the Kommersant’s interlocutors, one of them heard that it could be in November. Nord Stream 2 AG confirmed to the Kommersant that on October 12, the submission of the tender application for the supply of pipes for the Nord Stream-2 project would take place. The total weight of the pipes will make up about 2.2 million tons, the length - about 2.5 thousand km. The company doesn’t disclose participants, the budget and other conditions of the tender; Nord Stream 2 will report the term of the tender completion and its results later.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Miller point out the nearest goals of Nord Stream-2 and Turkish Stream

Yesterday, chairman of the Gazprom’s Board of Director Alexei Miller met with the Minister of Economy and Energy of Germany Sigmar Gabriel in Berlin. By results of the negotiations, the theme of which was the Nord Stream-2 project, the head of the Russian gas holding company held a briefing for journalists.
During the communication with the press, Alexei Miller called the target markets of the new pipeline. It is designed primarily for the gas supply in Germany, Austria, Italy and France.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Turkey is aiming directly into the gas.

Its differences with Russia move from policy to the economy.
The conflict between Moscow and Ankara over Russia's actions in Syria reached its peak. Turkish President Recep Tayyip Erdogan has threatened to curtail the economic cooperation between the two countries. First of all we are talking about Russian gas supplies, construction of the "Turkish Stream" gas pipeline and NPP "Akkuyu". Moscow, however, "does not see the reason for the deterioration of relations". Indeed, Turkey has serious alternatives to Russian gas the no pipeline and nuclear power plant projects are already postponed, a schedule of political meetings until the end of the year so far is in force, and the diplomats from both sides are actively trying to smooth out the sharp rhetoric.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer