Nord Stream 2 Gas Pipeline is 70% Financed so Far
Seventy percent of funds needed to finance the Nord Stream 2 underwater gas pipeline from Russia to Germany have been raised, TASS news agency quoted the head of Russian gas giant Gazprom, Alexei Miller, as saying on Sunday.Nord Stream 2, which will double the capacity from the existing Nord Stream 1 pipeline from a current 55 billion cubic metres of gas a year, is owned by Gazprom, which is taking on half of the planned costs of 9.5 billion euros ($11 billion).The rest is divided between five European energy companies - Germany's Uniper and Wintershall, Anglo- Dutch group Royal Dutch Shell
Gazprom: Work on Underwater Section of Turkstream to Begin in H2 2017
Work on the underwater section of the Turkish Stream pipeline will get underway in the second half of next year, Alexei Miller, chief executive of Russian gas giant Gazprom, told journalists on Tuesday. Miller also said that both lines of the underwater section, one that will ship gas to the Turkish market and a second with gas destined eventually for Europe, will come on stream by the end of 2019. Where that gas from the second line will come ashore in Europe has yet to be finally determined. Gazprom, Italian energy firm Edison and Greek gas retailer DEPA in February signed a memorandum of
Gazprom: More Sanctions Could Hit Business
Russian natural gas exporter Gazprom said on Tuesday further Western sanctions over Ukraine could potentially disrupt its gas exports to Europe and hit its business and shares. Gazprom, headed by Alexei Miller, a longstanding ally of Russian President Vladimir Putin, and its managers have not been hit by U.S. or European Union sanctions over Russia's role in the Ukraine crisis. But the company, which meets 30 percent of Europe's demand for gas, said in its financial report that a pricing row with Kiev could potentially lead to a disruption of its gas exports to Europe through
Russia Ships First Oil From Offshore Arctic Platform
and technical difficulties. "This, in essence, is the beginning of great and large-scale extraction of minerals and oil by our country in the Arctic," Putin said, speaking from his residence outside Moscow via a video link with workers at the platform, including Gazprom's head Alexei Miller. "The whole project will positively influence Russia's future presence on the global energy markets and will strengthen both the whole economy and the energy sector," said Putin, who personally oversees all the major energy projects in country. Russia's oil output
February 2024
