Former Soviet Union

Pipelines, Storage & Power

Gazprom studies Kovykta resources in Chayanda project

Russian gas giant Gazprom is laying the groundwork for investment in the opening of the Kovykta gas condensate deposit as part of the development of the Chayanda oil and gas condensate field.

26 October 2011
Pipelines, Storage & Power

Turkey, Azerbaijan sign long-awaited gas transit agreement

Turkey and Azerbaijan signed a long-awaited agreement on Tuesday to allow the transit of some 10 billion cubic metres of Azeri gas to Europe, resolving one of the final obstacles preventing the opening of a southern corridor to allow gas to flow from the Caspian to the European Union.

26 October 2011
Policy & Regulation

EC refuses to sign cross-border project agreement

The European Commission has rejected the idea of signing an intergovernmental agreement with Russia to establish the legal framework for trans-border energy projects, including the South Stream gas pipeline project, a source in the Energy Ministry told Interfax on Tuesday.

25 October 2011
Companies & Finance

Vekselberg says relations between TNK-BP shareholders positive

Relations between TNK-BP shareholders are positive, Viktor Vekselberg, major shareholder of the Alfa-Access-Renova (AAR) consortium, which co-owns TNK-BP, said.

25 October 2011
Companies & Finance

KazMunaigaz’ embarrassment of riches

KazMunaigaz has made concrete plans to spend billions over the next few years to maintain its oil and gas output.

25 October 2011
Exploration & Production

Foreigners will be actively involved in Eastern Gas Program - Shmatko

Russia is ready to intensify talks with foreign companies on implementing the updated Eastern Gas Program, Russian Energy Minister Sergei Shmatko told journalists on Monday.

24 October 2011
Exploration & Production

Full-scale production on Russia's continental shelf expected to begin in 2026

Production on Russia's continental shelf will play a significant role in the country's fuel and energy balance from 2026 onwards, Russia’s Natural Resources Ministry told Interfax on Monday.

24 October 2011
Pipelines, Storage & Power

Greek minister lobbies lobby for ITGI project in Baku

The implementation of the ITGI (Interconnector Turkey-Greece-Italy) pipeline project could open the way for strategic cooperation between Azerbaijan and Greece, Greece's Environment, Energy, and Climate Change Minister George Papaconstantinou said on Monday.

24 October 2011
Companies & Finance

TNK-BP's Barsky to step down

Maxim Barsky, the deputy chief executive of TNK-BP and CEO designate, is to leave his position on 1 November in order “to carry on his professional career outside of the company”, according to a statement released online on Friday.

21 October 2011
Exploration & Production

Kazakhstan is a place where ‘business can be done’

Total’s Senior Vice President of Europe and Central Asia, Michael Borrell, talks exclusively to Interfax about Azerbaijan’s future export strategy and the potential impact of Total’s discovery i

21 October 2011
Companies & Finance

Barsky reportedly leaving TNK-BP

TNK-BP deputy chief executive Maxim Barsky, who has long been the only remaining candidate for the top job at the Russian-British oil company, is leaving the company, several sources familiar with the situation told Interfax on Friday.

21 October 2011
Policy & Regulation

Shtokman investment decision first, then tax breaks

The Russian Energy Ministry must receive an investment decision on the Shtokman field before it can determine the possibility of introducing tax breaks for the project, Deputy Energy Minister Sergei Kudryashov told journalists.

20 October 2011
LNG

Kogas proposes to build mini LNG plants, DME plant in Far East

State-run Korea Gas (Kogas) plans to build three mini LNG plants in Russia's Primorye, Khabarovsk Territory and Sakhalin Island, Chang Seon Lee, the general director of LLC Kogas Vostok, a Kogas subsidiary based in Khabarovsk, told Interfax on Thursday.

20 October 2011
Exploration & Production

Total bets on Novatek growth in Russia

Total is confident that partner Novatek will be able to continue the impressive growth of its gas output seen in Russia over recent years.

20 October 2011
Pipelines, Storage & Power

Ashgabat slams Russia’s bid to hinder Caspian pipeline projects

Turkmenistan’s Foreign Ministry has criticised what it says is Moscow’s opposition to the creation of a natural gas supply route to Europe.

19 October 2011
Companies & Finance

Gazprom ups ECP issue by $300 mln

Russian oil and gas monopoly Gazprom, the country’s largest borrower, plans to add a further $300 million to an outstanding Eurocommercial paper (ECP) issue, a source at UBS, the placement organiser, told Interfax on Wednesday.

19 October 2011
Exploration & Production

Khahasia reserves estimate due in 2012

Tomsk-based LLC Progres-S plans to estimate gas reserves at the Novo-Mikhailovskoye section in Khahasia in 2012, the company's chief engineer, Vladimir Purin, told Interfax on Wednesday.

19 October 2011
LNG

No decision yet on Shtokman tax breaks - Shmatko

A decision to award individual tax breaks for the Shtokman gas project or to include the project in the new system for all offshore fields has yet to be reached, Russian Energy Minister Sergei Shmatko told Interfax on Tuesday.

18 October 2011
Policy & Regulation

Transfer pricing law should apply to Gazprom in full

Russia’s Finance Ministry opposes exempting Gazprom from new transfer pricing rules next year, which could open up the gas producer and pipeline monopoly to fines for non-market transactions, Deputy Finance Minister Sergei Shatalov told reporters on Tuesday.

18 October 2011
Exploration & Production

Novatek and Total preparing for development of Termokarstovoye field

Russian independent gas producer Novatek and France's Total are preparing to start up the development of the Termokarstovoye field, Total E&P Russia's deputy director for business development, Maxim Marchenko, said during a conference on the development of fields under difficult conditions in the Arctic.

18 October 2011

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