Thursday, 15 December 2016
Is Rosneft looking to build a pipeline to export gas from Zohr to Europe? There is speculation in the Russian media this week about whether Rosneft is planning a pipeline to export gas from the Zohr field to Europe. Russia’s Economy Today (Russian) quotes energy analyst Igor Yushkov from that country’s National Energy Security Fund as saying that Rosneft’s acquisition of a 30% participating interest in Eni’s Shorouk offshore concession for USD 1.125 bn signals an ambition to export to the EU through a pipeline. Rosneft, he says, is positioning itself as Egypt’s main export partner on the Zohr field. Meanwhile, state-owned Sputnik’s Arabic site is running with a report that a pipeline is definitely in the cards in what we’re reading as a pickup of the Economy Today piece. We’ll be keeping a close eye on this one, folks.