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

Energy

US Warns of Sanctions on Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source.

Three Dead in Offshore Platform Accident

Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Thursday.

MEPC Makes Progress on Energy Efficiency, Emissions

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London.

News

US Warns of Sanctions on Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source.

Three Dead in Offshore Platform Accident

Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Thursday.

Tuco Debuts New Wind Farm Service Boat

Less than a week before the Offshore Energy 2014 Exhibition and Conference in Amsterdam the coming week, Tuco Marine disclosed the newest vessel in the ProZero series of Fast Rescue Boats,

People in the News

Total CEO Plane Crash: Russian Prosecutors Detain More Suspects

Russian prosecutors detained four Moscow airport workers and denied bail to the driver of a snow plough which hit a private jet killing the CEO of French oil company Total earlier this week,

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

EUCAP Nestor Train 30 Somali Coast Guards

On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators 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: 0.1397 sec (7 req/sec)