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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Eni, Exxon, Statoil Win Irish Offshore O&G Licences

The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Total Proposes 0.61 ‎€ per Share Dividend

The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.

News

Port of LA’s January Volumes Up 33%

704,398 TEUs leads Los Angeles to busiest January in port history    The Port of Los Angeles handled 704,398 Twenty-Foot Equivalent Units (TEUs) in January 2016,

42 People Rescued after Abandoning Ship off Hawaii

Forty-two people are safe after abandoning ship approximately 1,800 miles south of the Hawaiian Islands, Thursday, the U.S. Coast Guard reported.   Crewmembers

Yacht Club Takes Delivery of New Dredger

Rose City Yacht Club, a long-standing private marina and social club along the Columbia River in Portland, Ore., recently took delivery and startup of a new 8-inch Badger Class dredge from Reserve,

People in the News

Guy Harvey to be Honored by Seafarer's House

Guy Harvey – artist, conservationist and entrepreneur – has been selected as this year’s recipient of the Seafarers’ House International Golden Compass Award. The

Delia Succeeds Schmidt as Ohmsett Program Manager

MAR Incorporated has named John Delia the Program manager for Ohmsett – The National Oil Spill Response Research & Renewable Energy Test Facility, succeeding Bill Schmidt who retired in December 2015.

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

 
 
Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0891 sec (11 req/sec)