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international news

NORD STREAM 2 RUNS
AROUND THE WORLD

CENTRAL AFRICA AGROUND IN DENMARK
NOBLE ENERGY JV TO BUILD
PIPELINE FROM EQUATORIAL
GUINEA’S OFFSHORE GAS FIELDS
NOBLE ENERGY and partners will hopes to start shipping gas by the end
build a pipeline linking Equatorial of the year, it also complicates ongoing
Guinea’s offshore gas fields to an negotiations between Russia, Ukraine
onshore liquefied natural gas (LNG) and the European Commission on the
plant to boost exports, Reuters reports. future of gas transit across Ukraine,
Under a deal with the reports Politico.
government, the 70km pipe will Fighting the Danish decision “may
have capacity for 950 million cubic take years,” the CEO of Nord Stream 2,
feet of gas per day from fields Matthias Warnig, told the company’s
operated by Noble and will be partners in a letter obtained by Polish
ready in the first quarter of 2021. publication Biznesalert. Nord Stream 2
would not comment on the report about
UKRAINE Warnig’s letter.
The project is backed by five West
UKRAINE’S NAFTOGAZ GETS European companies — Austria’s OMV,
CHINESE BACKING FOR $1BN IN Anglo-Dutch company Shell, France’s
DENMARK IS THE LAST COUNTRY TO APPROVE
LOANS AND INVESTMENT A CONSTRUCTION PERMIT FOR NORD STREAM 2 Engie and Germany’s Uniper and
UKRAINE’S STATE oil and gas firm Wintershall.
Naftogaz has secured Chinese THE DANISH ENERGY regulator has The pipeline, meant to carry 55 billion
backing that will open the way to upended Nord Stream 2’s plan to complete cubic meters of gas a year, already has
as much as $1 billion in loans and the undersea pipeline running from two applications pending with the Danish
investments, according to Reuters. Russia to Germany by the end of this year. Energy Agency, but the agency has now
Naftogaz said insurance cover In March, the Danish Energy Agency asked Nord Stream 2 to carry out an
from China’s Sinosure would initially requested that the company look into environmental impact assessment for a
be used to allow it to borrow about a completely new route to pass its third route south of Bornholm.
$160 million for its gas production pipeline through the country’s waters. The new process would kick off a
division to buy Chinese drilling Denmark is the last country that needs whole new set of consultations with
equipment and services. to approve a construction permit for neighbouring countries and interested
“At the second stage, another $800 Nord Stream 2 — a 1,200km pipeline parties, likely delaying the project. The
million is planned for additional already under construction. Danish Energy Agency did not estimate
Naftogaz group projects that will be As well as undermining Gazprom’s how long its assessment would take.
agreed upon with China in the near
future,” Naftogaz said.

IRAN GERMANY UNVEILS PLAN TO SPUR
IRAN DENIES GAS PIPELINE
EXPLOSION IN WESTERN IRAN LIQUEFIED NATURAL GAS IMPORTS
REUTERS REPORTS that the
National Iranian Gas Company Peter Altmaier told Associated Press
(NIGC) has denied media reports the regulatory changes would put
that a gas pipeline had exploded more cost burden on the transmission
in the west of the country in April, system operators to build the link
saying a rockslide had caused a to LNG terminals, putting them on
pipeline leak that had immediately similar footing as incoming pipelines.
been fixed. Altmaier says “for Germany’s gas
Earlier, state news agency IRNA supply security, it is important to be
had quoted local officials as saying CHANCELLOR ANGELA MERKEL’S able to use many supply routes and
that a landslide had caused a GOVERNMENT HAS BEEN CRITICISED OVER sources,” including the delivery of
ITS SUPPORT FOR THE PIPELINE
pipeline explosion in western Iran, LNG by ship.
and that a fire following the blast GERMANY’S ECONOMY Minister says The US, which wants to sell more
was under control. Chancellor Angela Merkel’s Cabinet LNG to Germany, has been extremely
However the oil ministry’s has agreed upon measures to spur the critical of Berlin’s plans to go ahead
news agency SHANA quoted NIGC development of terminals to import with the Nord Stream 2 pipeline project
spokesman Majid Boujarzadeh as liquefied natural gas in an effort to with Moscow, saying it will lead to an
saying no explosion had taken place. diversify the country’s energy supply. over-reliance on Russian gas.

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News.indd 6 16/04/2019 19:34