Gazprom and CNPC reviewed the development prospects of the Chinese gas market and the strategic aspects of co-operation between Gazprom and CNPC. It was noted that the preparation of facilities for Russian gas exports to China via the Power of Siberia gas pipeline from 1 December 2019, is going according to schedule. It is planned to start injecting natural gas into the pipeline in the 3Q of this year. Source: World Pipelines
The Bank of Italy said Italy’s public debt hit a new high of 2,560.5 billion euros in July, up 29.9 billion with respect to June. Source Ansa
Austria has said it still supports the Nord Stream 2 gas pipeline, despite growing reservations about the project in parts of Europe following the poisoning of Russian opposition figure Aleksei Navalny. Source Radio Free Europe
The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The deficit from October through August is more than double the previous 11-month record of $1.37 billion set in 2009. At that time the government was spending large sums to get out of the Great Recession triggered by the 2008 financial crisis. Source CBS
