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Tag Archives: Gazprom

So close: Nord Stream 2 gas link completion trips at last hurdle

160km. That is all that is left to lay of the much-maligned Nord Stream 2 offshore gas pipeline from Russia to Germany. But those last few kilometers – less than 7% of the total length of the 2,460km two-string line – won’t be laid anytime soon, much to the frustration of Moscow. It could have been very different. If the authorities in Denmark had not waited until the end of October to award a permit for construction of Nord Stream 2 in its waters, the pipeline would likely already be...

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EU energy in 2019: a year of unprecedented events

Seemingly any energy industry commentator will claim that any given moment in the energy industry is the most exciting, uncertain, dynamic, unpredictable or unprecedented moment since, well… since the last unprecedented moment. However, rather than being a reflection of groupthink on the part of a whole industry, this obsession with events each more unprecedented than the last is more a reflection of the fast moving, unpredictable and often economic logic-defying nature of the energy sector...

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Commodity Tracker: 6 charts to watch this week

Oil markets are scrutinizing the export and stock balance of OPEC kingpin Saudi Arabia this week, following attacks on critical oil infrastructure. Brazil’s corn exports and the success of Gazprom’s European auction platform are also among our latest pick of energy and commodity market trends. 1. Saudi Arabia looks to plug oil export gap in wake of attacks   What’s happening?  The devastating aerial attacks on Saudi Arabia’s key oil infrastructure last week brought into acute focus the...

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Commodity tracker: 6 charts to watch this week

The impact of air freight demand on jet fuel, a rally in Australian heavy crude prices, US soybean exports, buoyant silver, and bearish natural gas markets are all in the sights of S&P Global Platts’ editors this week. Here’s our weekly selection of unfolding commodities and energy market trends.  1. Stalling demand for air freight could hit jet fuel     What’s happening? A recent slide in global demand for air freight could be a harbinger of weaker jet fuel, despite current strong...

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Russian sanctions response hits energy cooperation: Fuel for Thought

Russia seems to be entering a new stage of sanctions adaptation, building on its growing technological capabilities in energy, as well as access to alternative sources of financing to become less dependent on cooperation deals with Western companies. The collapse of two major deals between Russian and western oil companies in 2019 may indicate that Moscow is now looking to reduce its exposure to Western financing and technology as it braces itself for expected tougher sanctions. Initial...

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Insight from Brussels: Start of Russian gas flow via Nord Stream 2 hangs on Danish permit

Russia’s planned 55 Bcm/year Nord Stream 2 gas link to Germany has prompted heated political debates, changes in EU law and threats of US sanctions, but its fate in the end may be decided by Danish civil servants enforcing local planning rules. The latest development is that the Danish Energy Agency has asked the Nord Stream 2 project company to provide information on a third possible route for the Danish section of the two 1,200 km parallel pipelines, while it is still assessing two...

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25/11/18: Russian South Stream 2.0 Comes Out of the Shadows

Russia and Turkey have announced that the two countries have reached significant progress in reviving the November 2014-shut down South Stream gas pipeline intended to land Russian gas across the Black Sea. The project is the part of the already secured open tender contracts for purchases of gas signed between Gazprom, Bulgaria, Serbia, Hungary, Slovakia and Austria. Source: Kommersant The new Black Sea gas pipeline Turkish Stream will run under sea from Krasnodar to a landing hubv just...

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Insight from Brussels: Europe’s Nord Stream 2 opponents now looking to ‘plan B’

US President Donald Trump may not like it, but Russia still plans to bring its Nord Stream 2 natural gas pipeline to Germany online by the end of 2019. Neither the threat of US sanctions nor legal efforts by the European Commission have succeeded so far in derailing the 55 Bcm/year project. At this stage it looks like only Russian President Vladimir Putin has the power to stop it being built, and it’s difficult to see what would persuade him to do that. The European Commission’s...

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Caspian oil and gas: High hopes for a tough neighborhood

Azerbaijan has long been seen as a strategic gateway to vast oil and gas resources in the Caspian region and a source of energy security for Europe but has yet to live up to its promise as a bulwark against the influence of Russia and OPEC in the region. Oil companies and politicians coined the term “contract of the century” to describe the 1994 deal to develop the giant oil complex Azeri-Chirag-Offshore Gunashli, which led to the construction of the BTC pipeline to the Mediterranean. Azeri...

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Nord Stream 2, other disputes fail to dent Russian natural gas flows to EU

Russia’s Gazprom continues to supply high volumes of natural gas to the EU despite long-running disputes over pipelines, competition and Ukraine, the latest S&P Global Platts guide to EU-Russian natural gas relations shows. Flows via its 55 Bcm/year Nord Stream 1 pipeline to Germany hit a record high of 51 Bcm in 2017, helped by increased access to the onshore OPAL gas pipeline, at first just in January and then continuously from August. The European Commission’s decision in...

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