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Friday, May 25, 2012
News Making Money

Portovaya facilities required to commission Nord Stream’s second string will be built in 3Q 2012

09/02/2012 07:38 (105 Day 15:35 minutes ago)

The FINANCIAL -- Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee visited yesterday a construction site of the Portovaya compressor station – the starting point for Nord Stream.He inspected key facilities of the CS and held a meeting on the current issues of construction.

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Particular attention was paid to the progress with construction of the facilities ensuring gas treatment and its transmission via the second string of Nord Stream. To date, the main process equipment with the total capacity of 156 MW has been assembled at three gas compressor units, flowlines and power supply systems are currently being installed, and the gas treatment unit throughput is being increased.

 

According to the Gazprom, Vitaly Markelov drew the meeting attendee's attention to the fact that construction of those facilities had to be completed within the preset deadlines.

“Severe frost that came to Europe has clearly demonstrated the urgency and timeliness of Nord Stream Phase I commissioning. The first string of Nord Stream is already operational, and gas is being supplied to our European consumers via this thoroughfare. Portovaya facilities required to commission the second string of Nord Stream will be built in the third quarter of 2012.”

 

He visited the Elizavetinskaya CS which was incorporated into the Gryazovets – Vyborg pipeline conveying gas into Nord Stream. Construction of the looping system is carried out on schedule at the CS.

 

 

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Politics
International monitors to pull out of Bosnia's Brcko

24/05/2012 03:32 (20:41 minutes ago)

The FINANCIAL -- International monitors decided Wednesday to pull out of the sensitive Bosnian town of Brcko, whose neutral status has been a source of tensions in the ethnically-divided Balkan state.

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Markets
NYSE Technologies and the Warsaw Stock Exchange announce market data partnership

24/05/2012 06:41 (17:32 minutes ago)

The FINANCIAL -- NYSE Technologies, the commercial technology division of NYSE Euronext announced its market data partnership with the Warsaw Stock Exchange.







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