gas plant in siberia Policy & Regulation

Russia could reduce extraction tax for Gazprom JVs

The Russian government is considering whether to amend its Mineral Extraction Tax, but such a move is far from straightforward.

By Therese Robinson 3 November 2017
Companies & Finance

Azneft gas production down 4% in H1

The production association Azneft, a State Oil Company of the Azerbaijani Republic (SOCAR) gas and oil extraction wing, produced 4.5 billion cubic metres of gas in the period between January and August, 4.3% less year-on-year, SOCAR told Interfax on Tuesday.

13 September 2011
Supply & Demand

SOCAR gas exports increased by 62% in past 8 months

State Oil Company of the Azerbaijani Republic (SOCAR) exported 1. 9 billion cubic meters of gas between January and August, 61.9% more year-on-year, the company told Interfax.

13 September 2011
Companies & Finance

Reports of departure 'cheap speculation' – Rosneft CEO

Rosneft CEO Eduard Khudainatov on Tuesday dismissed reports that he would resign as “cheap speculation”.

13 September 2011
Policy & Regulation

Russia eyes Rosneft privatisation

As part of its attempts to raise 1.2 trillion rubles ($40 billion) from selling state assets in the next three years, Russia plans to sell up to 15% in oil producer Rosneft for over 200 billion roubles ($6.77 billion) in 2012, according to Russia’s Economic Ministry.

12 September 2011
Policy & Regulation

IMF expects Ukraine to hike gas tariffs

The International Monetary Fund (IMF) has insisted that Ukraine increase its gas tariffs if it is to continue to receive financial assistance from the organisation.

12 September 2011
Exploration & Production

Absheron gas production could start in 2021-2022 - SOCAR

Gas production at Azerbaijan's offshore Absheron block could start in 2021-2022, Hoshbakht Yusifzade, first vice president of the State Oil Company of the Azerbaijani Republic (SOCAR), said at recent press conference in Azerbaijan.

12 September 2011
Exploration & Production

Cameron and Medvedev may review Gazprom and Shell Sakhalin 2 partnership

Gazprom and Shell are considering the possibility of increasing gas extraction and the production of LNG at Sakhalin, Russian presidential aide Sergei Prikhodko told reporters ahead of British Prime Minister David Cameron's visit to Moscow – a first visit in six years by a British prime minister.

12 September 2011
Supply & Demand

Turkmenistan, China developing energy cooperation

The Turkmen capital of Ashgabat hosted the first meeting of a Turkmen-Chinese subcommittee for energy co-operation on Friday.

12 September 2011
Exploration & Production

Total makes major discovery in the Caspian Sea

Total’s discovery in the Caspian is a consequence of increased drilling activity and will impact Azerbaijan’s future export strategy. However, future problems such as an inability to sign an agree

9 September 2011
Companies & Finance

Bashneft closes on financing

Russian hydrocarbon explorer Bashneft has reached financial close on a $300 million pre-export financing with a syndicate of four lenders including BNP Paribas, Deutsche Bank, ING and Goldman Sachs.

9 September 2011
Companies & Finance

Gazprom to request FAS approval for merger with Renova power assets in next two weeks

Gazprom plans in the next two weeks to seek permission from Russia's Federal Antimonopoly Service (FAS) to merge its power-generation assets with those of Viktor Vekselberg's Renova group.

9 September 2011
Supply & Demand

Economic Development ministry ups 2011 Russian gas-production forecast by 7 bcm

Russia's Economic Development Ministry has increased its forecast for gas production in 2011 by 7 billion cubic metres to 671 bcm, according to a ministry note attached to the 2012-2014 socioeconomic development forecast submitted to the Russian government.

9 September 2011
LNG

Challenges postpone Shtokman start date

Russian Prime Minister Vladimir Putin has predicted gas will start flowing from Shtokman by the end of 2016, but with so many challenges yet to overcome, this is somewhat optimistic.

9 September 2011
Exploration & Production

Kazakhstan increases oil and gas production January to August

Kazakhstan raised production of oil and gas condensate 0.5% year-on-year from January to August to 53.1 million tons, a government official told Interfax today.

8 September 2011
Companies & Finance

Russian authorities agree on how to collect state share, royalties in Sakhalin-2

Russian government ministries and agencies have reached an agreement on the mechanisms for collecting royalties and the state's share of oil and gas under the production sharing agreement for the Sakhalin-2 oil and gas project, Energy Minister Sergei Shmatko told reporters in Moscow on Thursday.

8 September 2011
LNG

Integrated power model takes hold in Russia

Vertical integration plays in Russia’s energy sector provide a healthy line in business for M&A advisers. Hamid Gayibov, managing director at Xenon Capital Partners, spoke to James Gavin and explained the boutique approach to energy sector corporate finance.

8 September 2011
Pipelines, Storage & Power

ITGI leads the Shah Deniz race, but Nabucco still has potential

Contenders are lining up to carry gas from Azerbaijan’s Shah Deniz Phase II gas fields. With submissions due by 1 October, the Italy-Turkey-Greece Interconnector is rumoured to be the clear favourit

8 September 2011
Exploration & Production

BP to start drilling at Shafag-Asiman block in second half of 2016

BP-Azerbaijan will begin drilling exploration wells at the Shafag-Asiman structure in Azerbaijan’s Caspian Sea in the second half of 2016, Arzu Dzhavadov, head of BP-Azerbaijan’s geological prospecting group said on Thursday.

8 September 2011
Pipelines, Storage & Power

Beyneu–Chimkent gas pipeline to gasify Southern Kazakhstan

With construction having begun on the Beynue-Bozoy-Kyzylorda-Chimkent gas pipeline, Interfax investigates the impact it will have on Southern Kazakhstan.

7 September 2011
Policy & Regulation

Gas netback pricing differs for Belarus and Russia

The principles for netback pricing are different for Russia and Belarus, Gazprom’s Deputy Chief Valery Golubev told Interfax in Perm this week.

7 September 2011

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