Russia to deliver Power of Siberia gas from Dec.1

31/05/2019 08:41 Natural Gas

news

Russia aims to deliver natural gas to China via the Power of Siberia pipeline from Dec. 1, Deputy Chairman of the company Vitaly Markelov said late Tuesday.

Markelov confirmed that the volume of initial deliveries would be 10 million cubic meters per day but would increase.

 

In May 2014, Gazprom and the China National Petroleum Corporation (CNPC) signed a sales and purchase agreement for gas supplies via the Power of Siberia gas pipeline. The 30-year agreement provides 38 billion cubic meters per year of Russian gas to China.

 

In February 2019, Alexey Miller, Gazprom's CEO said the construction of the Power of Siberia gas pipeline for gas flows between China and Russia was ahead of schedule, with Gazprom set to start supplies to China on Dec. 1, 2019.

Source: aa.com.tr

Daily (15.07.2019): NBP spot surged by 4.7% on Friday, due to rising gas-for-power demand ahead of an expected 3-day hot spell

15/07/2019 10:29:00

Crude oil prices slightly rose on Friday, after a tropical storm in the Gulf of Mexico caused disruptions in the local production, while tensions between Iran and the West continued to mount. Consequently, Brent crude traded 0.3% higher at $66.72 a barrel. However, forecasts for a global oil supply glut from the International Energy Agency and OPEC limited the gains, with WTI futures remaining almost flat at $60.21 a barrel.

<READ MORE

Masdar, Armenia sign MoU for 500 MW of wind, solar capacity

15/07/2019 08:29:00

Armenian National Interests Fund (ANIF) on Friday signed a memorandum of understanding (MOU) with Abu Dhabi Future Energy Company, better known as Masdar, for the development of 500 MW of renewable energy capacity.

READ MORE

Polskie LNG hits 1000 LNG tank trucks milestone at Swinoujscie

15/07/2019 08:27:00

Polish LNG terminal operator, Polskie LNG, said it has reached a milestone at the President Lech Kaczyński facility in Świnoujście.

READ MORE