8:23 [Strategic Culture Foundation] (E)
Tom Luongo - For all of 2019 December has been a magnet. A number of major geopolitical issues come to head this month and many of them have everything to do with energy. This is the month that Russian gas giant Gazprom was due to finish production on three major pipeline projects – Nordstream 2, Turkstream and Power of Siberia. Power of Siberia is here. It’s finished. Russian President Vladimir Putin and Chinese Premier Xi Jinping christened the pipeline to begin the month. Next month Putin will travel to Turkey to join President Recep Tayyip Erdogan to open the first of four potential trains of the Turkstream pipeline.
11:49 [TASS] (E)
Ukrtransnafta and Transneft have entered into a 10-year agreement to provide oil transit services across Ukraine, Ukrtransnafta said on Facebook.
13:03 [Oilprice.com] (E)
First oil from the field in the Yamal Peninsula has been sent via an oil pipeline, Rosneft said in a statement, adding that it hopes to deliver up 10 million tons of oil per year, or 200,000 bpd, from the field. Rosneft has delayed the launch of the field due to Russia’s commitment to restrict oil production as part of the pact with OPEC to rebalance the market.
20:42 [TASS] (E)
The contract signed in 1996 stipulates deliveries of about 10 bln cubic meters of natural gas to Poland annually. Gazprom Export received a notice from Poland’s PGNiG regarding the intention not to extend the gas supply contract effective by December 31, 2022, the company told reporters on Friday. "Terms of the contract provide an option of sending such notice. Gazprom Export continues gas supplies in line with the effective contract," Gazprom’s export subsidiary says.
20:40 [TASS] (E)
The European Commission wishes Kiev to buy Russian gas in the amount of around 15 bln cubic meters per year, according to a source. The European Commission (EC) has recommended direct purchases of the Russian gas totaling around 15 bln cubic meters per year to Ukraine to reduce expensive reverse supplies, a source in the EU’s institutions close to trilateral gas talks told TASS on Tuesday.