Gazprom And OMV Chiefs Discuss Alternative European Gas Routes

Posted by Joseph R. Fonseca
Tuesday, April 22, 2014
Gazprom & OMV talks

 

The chief executives of Gazprom and OMV held talks on Tuesday about supplying Russian gas to Europe using routes that bypass Ukraine, they said in a statement.

Gazprom's Alexei Miller and OMV's Gerhard Roiss said they had discussed "optional alternative supply routes" including the Nord Stream and Opal pipelines.

Russia's seizure of Crimea from Ukraine - an important transit country for Russian gas - has resulted in European Union and U.S. sanctions, sparking fears of supply cuts that could affect several European countries.

Earlier on Tuesday Gazprom said that Russian gas exports to Europe throughUkraine, through which almost half of Russia's Europe-bound gas passes, remained stable despite the standoff between Moscow and Kiev.

Nord Stream pumps gas from Russia via the Baltic Sea into northeastern Germanybut is underused. Gazprom says it could pump more if it were granted full access to the Opal pipeline, which was designed to link Nord Stream to the Czech Republic.

Gazprom requires EU approval for full access to Opal, but the process has been stalled by the Ukraine crisis.

The future of Moscow's 2,400km (1,500 miles) South Stream pipeline project from Russia to southern Europe via the Black Sea, avoiding Ukraine, has also been in doubt since Russia's annexation of Crimea.

Miller and Roiss did not mention South Stream in their statement, but Miller said: "The current geopolitical situation proves the importance of alternative routes for Russian gas supplies to European consumers."

The joint statement was released after a meeting at the Vienna headquarters of Austrian oil and gas group OMV, Gazprom's longest-standing Western partner, which the two said consolidated their partnership.

OMV and Gazprom are in negotiations to bring the price OMV pays Gazprom for its long-term gas supplies down towards spot market levels. An OMV spokesman said that topic was not part of the talks on Tuesday.

OMV's Roiss warned at the weekend that new economic sanctions against Russia could be counter-productive.

(Reporting by Georgina Prodhan and Alexandra Schwarz-Goerlich; Editing by Erica Billingham and David Goodman)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.

Fogal Retires from Zentech After 57 Years in O&G

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.

Rowan Viking Rig Upgrade Completed

Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, has completed the upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

News

Norwegian to Buy Prestige Cruises in $3b Deal

Norwegian Cruise Line Holdings Ltd (NCLH.O) said it would buy Prestige Cruises International Inc from its owner Apollo Global Management LLC (APO.N) in a $3 billion

Vard Orders Parat Electric Steam & Hot Water Boilers

During the last month, PARAT Halvorsen AS has collected four new boiler plant orders from the Vard Group and their multipurpose platform ships of Vard 1 08 design.

N-KOM Lays Keel for Qatar’s First Liftboat

Nakilat-Keppel Offshore & Marine (N-KOM) has achieved another milestone with the keel laying of its first liftboat newbuild project, awarded in July 2014 by long-time

People in the News

Ballast Water Leadership

Admiral Paul Zukunft, the new U.S. Coast Guard Commandant, could fill the BWT leadership void. Global efforts to combat the spread of invasive species in ballast

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

Navy Unmanned Aircraft Sets the Bar

The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea
,

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2544 sec (4 req/sec)