Russia: European Demand for O&G May Flag

MarineLink.com
Tuesday, April 08, 2014

A Russian deputy economy minister said on Tuesday that he did not rule out weaker European demand for Russian oil and gas due to tension over Ukraine.

Andrei Klepach also told reporters that Ukraine is likely to reduce Russian gas purchases this year to 20 billion cubic metres, from 25.8 billion in 2013, because of difficulties paying for deliveries.

"This is not (a result of) sanctions, but one may anticipate a certain decrease in demand for our hydrocarbons both from Ukraine and from European countries," he said.

(Reporting by Darya Korsunskaya; Writing by Vladimir Soldatkin; Editing by Steve Gutterman)

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Proforma DAs on the go!

DA-Desk has launched a new service under its PortSpend ManagementTM solution, the Proforma Disbursement Account (PDA) Approval Mobile App. The mobile app is

CMES Rides High on Hope

China Merchants Energy Shipping (CMES), a major Chinese international oil tanker operator, projects that its profit would be more than doubled in the first half of 2015 from a year ago.

Shipping Gloomiest Since 2009

The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters.

Finance

CMES Rides High on Hope

China Merchants Energy Shipping (CMES), a major Chinese international oil tanker operator, projects that its profit would be more than doubled in the first half of 2015 from a year ago.

Possibly the Worst Quarter on Zero DSV Utilisation

According to a research note released today from UOB Kay Hian, Singapore offshore vessel operator Pacific Radiance achieved an ominous vessel utilization of 0%

Fund Targets Mols-Linien

The Danish equity fund Polaris makes a tender offer on all shares of the ferry operator Mols-Linien, which sails on routes Odden-Ebeltoft and Odden-Aarhus.    Polaris

Energy

Hercules-2 Officially Launched

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project A major cross-industry initiative led by MAN Diesel & Turbo,

Viking O&M Secures Rig Contract from a Chinese Firm

Viking Offshore & Marine has secured a 48-month charter for a second land drilling rig system for US$31 million ($41.8 million).   Viking’s subsidiary Viking LR2 will charter the 1,

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

News

USCG Rescues 4 From Burning Boat Off Grand Haven

The Coast Guard and a good Samaritan rescued 4 people after their 20-foot boat caught fire on the Grand River, Sunday. A boat crew from Coast Guard Station

Satcom Debuts New Iridium OpenPort Promo

Satcom Global launched a new Iridium promotion which will offer service plans that double the data and/or voice allowance on a range of popular OpenPort service packages,

Statoil Awards Integrated Drilling Contract

Statoil is awarding Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup. The estimated contract value is NOK 1.5 billion

Logistics

ISS Signs Master Services Agreement with Technip

Inchcape Shipping Services (ISS) and Techniphave signed a contract to provide marine agency services and logistics for the Rashid C project in the Middle East.

Antwerp Port Sets up “One Belt One Road” Taskforce

“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia.

CMES Rides High on Hope

China Merchants Energy Shipping (CMES), a major Chinese international oil tanker operator, projects that its profit would be more than doubled in the first half of 2015 from a year ago.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1478 sec (7 req/sec)