Business Watch
Oil & Gas Pipelines
Nord Stream natural gas pipeline, linking Russia and Germany under the Baltic Sea, is set to become operational on November 8, Gazprom CEO Alexey Miller has told Prime Minister Vladimir Putin. "Construction of the first line has been completed, commissioning is underway, and the pipe is being filled with gas," Miller said. About 60% of the pipeline's second line has been built, he added.
Posted by John Bonar
on Tuesday, 11 October 2011 11:11.
Published in Oil & Gas Pipelines
As Nord Stream prepares to launch commercial operations in October this year transporting gas from the Russian port of Vyborg through the Baltic Sea to the German port of Lubmin, near Greiswald , Ukrtransgaz which operates the pipelines across Ukraine which have been used to transit Russian gas claimed the switch would wipe $700 to $720 million off its annual revenues in 2012.
Posted by John Bonar
on Friday, 20 May 2011 14:23.
Published in Oil & Gas Pipelines
The new west-bound pipeline which will link the Bovanenkovo gas field in Yamal Peninsula with the Russian pipeline grid has a price tag of close to one trillion roubles. According to information revealed by the company, the 2200 km long pipeline has a total cost of 989,8 billion RUB (25 billion EUR).The pipeline stretches westwards to Ukhta in the Komi Republic, where it connects with the rest of the Russian pipeline grid.
Although the Yamal investments are put on top of Gazprom’s priority list, the company has still chosen to channel parts of its Yamal money to another grand infrastructure project. Gazprom has from 2009 given even bigger priority to the Sakhalin-Khabarovsk-Vladivostok pipeline project, which from 2012 will supply gas to China. The Sakhalin-Khabarovsk-Vladivostok pipeline has a project cost of 467 billion RUB (11,7 billion EUR).(http://www.barentsobserver.com)
Posted by John Bonar
on Wednesday, 18 May 2011 10:10.
Published in Oil & Gas Pipelines
Russian Prime Minister Vladimir Putin said on Thursday he hoped Germany will soon grant permission for Russia to pump gas through the Nord Stream pipeline, which is supposed to carry gas under the Baltic Sea to Europe. "I do not think we have Germany's permission to pump our fuel through the Nord Stream because of the third energy package. I hope that at least this technical problem will be solved in the nearest future," Putin told a news conference after negotiations with the European Commission President Jose Manuel Barroso.
Posted by Editor
on Thursday, 24 February 2011 14:44.
Published in Oil & Gas Pipelines
In a crucial development, Turkmenistan announced on Friday that it has won support from its Caspian neighbors to build a submarine pipeline to supply gas to Europe. Europe is the world’s biggest importer of energy and Turkmenistan is actively trying to get a share of the European market.
Posted by Editor
on Monday, 22 November 2010 12:22.
Published in Oil & Gas Pipelines
In an interview with the newspaper 24 Chasa, the Bulgarian Prime Minister Boyko Borrisov has said that the Russia-Greece pipeline project, which passes through Bulgaria, will be scrapped due to environmental concerns. Borrisov had met Prime Minister Putin on Saturday in the capital Sofia to discuss the deal.
Posted by Sayan Guha
on Wednesday, 17 November 2010 14:49.
Published in Oil & Gas Pipelines