As Traders Tussle Turkmenistan Cuts Exports
A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE's ENOC and Italy's Eni, but flows have halved in recent weeks, six traders involved in operations said.That happened after Turkmen producers decided to export oil via Russia with the help of Swiss trader Vitol and ditch the previous Azeri route…
Russia Sets Clear Agenda for Competitive Opportunity
Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030, with the findings to be submitted by January 2015. The Russian Energy Ministry was instructed to study the needs in dedicated fleet and other marine solutions for exploration, drilling and the transportation of crude oil, gas and gas condensate by 2030. This is to be undertaken in conjunction with OAO Rosneft, OAO Gazprom, LUKOIL, JSC NOVATEK and other stakeholders, taking into account the planned production volumes of hydrocarbons while developing offshore fields.
Bulgaria Awaits EU Nod To Resume South Stream Work
Bulgaria will not resume work on the Russian-led South Stream gas pipeline project until it receives the all clear from the European Commission, Prime Minister Plamen Oresharski said on Sunday. In a move that could inflame tensions between Russia and the European Union, the 28-nation bloc's executive arm last week asked the Balkan country to suspend work on Gazprom's South Stream project pending a decision on whether it complies with EU law. The pipeline is being built to transport 63 billion cubic metres of gas per year under the Black Sea through Bulgaria to central and southern Europe, bypassing Ukraine, as Russia seeks to cement its position as Europe's dominant gas supplier.
Russia, Ukraine, EU to resume gas talks on Monday
Moscow , Kiev and Brussels will restart Talks on Russian Gas Supplies on Monday to TRY to resolve a Dispute over price, a Russian Energy Ministry Official Said on Sunday. "The next (Round) of Trilateral Negotiations Tomorrow Evening will Take place in Brussels , "a spokeswoman for the Energy Ministry Said. Russia 's Energy minister Alexander Novak, his Ukrainian counterpart Yuri Prodan and the European Union 's Energy Commissioner Guenther Oettinger will Take Part in the Talks. Russia 's Gazprom and Ukraine State Energy Company Naftogaz met for Two days in Berlin Last week to TRY to Settle Dispute which could threaten the Gas flows to Europe . Ukraine and Russia Differ on How much Naftogaz has to Pay for the Gas.
