LNG

Novatek mulls trans-shipment facility in Russia’s far east

Novatek may build a 20 mtpa station to transfer Yamal LNG cargoes from ice-class vessels to standard tankers to reduce costs.

By Tom Hoskyns and Natalya Lebedkina 3 August 2017
Companies & Finance

BP says Moscow office raid has ‘no legal basis’

The raid on BP Exploration Operation Company by Russian Federal Bailiffs is part of a ‘pressure campaign’ says Jeremy Huck, president of BP Russia, but the bailiffs say there are merely enforcing a court decision.

1 September 2011
Exploration & Production

Rosneft and ExxonMobil partner in Arctic deal

Rosneft did not waste time moping over the May collapse of its potential tie-up with BP to develop blocks on Russia's Arctic shelf.

1 September 2011
Supply & Demand

Russia ready to negotiate with Ukraine

Russian President Dmitri Medvedev said he is ready to listen to Ukraine’s commercial offers in return for the possibility to receive Russian gas at discounted prices.

1 September 2011
Supply & Demand

Belarus, Gazprom to resume talks on 2012-2014 gas contract and privatisation

Belarus’ First Deputy Prime Minister Vladimir Semashko and Energy Minister Alexander Ozertsa are meeting in Moscow this week to discuss the price of Russian gas delivered to Belarus; and to link the possibility of Gazprom's purchase of Belarusian gas pipeline operator, Beltransgaz with the gas contract terms to Belarus.

1 September 2011
LNG

Sakhalin LNG plant could receive gas from Sakhalin-3 by 2016

A proposed third line to the Sakhalin liquefaction plant could be supplied with gas extracted from the Sakhalin-3 project currently under development by Gazprom, Sakhalin region Governor Alexander Khoroshavin told Interfax this week.

31 August 2011
Supply & Demand

Ukraine requests reduction in Russian gas supply to 27 bcm in 2012

Ukraine's Naftogaz has ordered 27 billion cubic metres of gas from Russia's Gazprom for 2012.

31 August 2011
Supply & Demand

Ukraine puts pressure on Russia over gas imports

As Ukraine seeks a lower price for Russian gas imports, the country has suggested that it could be forced to cut imports of Russian gas if Russia decides against the lower price.

30 August 2011
Companies & Finance

Gazprom Q1 results tops forecasts amid cash-flow problems

Russia's state-controlled Gazprom has reported a 42% increase in first-quarter earnings to 478.5 billion roubles ($16.6 billion).

30 August 2011
Supply & Demand

Turkmen price hike to “heavily impact” Chinese chemical firms - analysts

Chemical firms in China’s Southwestern province face major slowdowns, or potential closures from the planned price increase of gas imports from neighbouring Turkmenistan.

26 August 2011
Supply & Demand

Eastern Siberia gas output might reach 70 bcm annually by 2020 - Gazprom VNIIGAZ

Eastern Siberia natural gas production may reach over 70 billion cubic metres a year by 2020, according to a press release from the Seventh Baikal International Economic Forum, quoting Gazprom VNIIGAZ estimates.

26 August 2011
Exploration & Production

Novatek awarded four Yamal gas blocks

The Russian government has awarded four gas blocks to Novatek for LNG production in the Yamal-Nenets Autonomous District.

26 August 2011
Supply & Demand

Outcome of Tymoshenko trial could change the price Ukraine pays for Russian gas

Guilty verdict in the trial of the former Prime Minister Yulia Tymoshenko could give Kiev the leverage it needs to annul the ‘extremely disadvantageous’ gas agreement she signed and strike a bette

25 August 2011
Supply & Demand

Turkey puts pressure on Gazprom for reduction of gas prices

Turkey is seeking a reduction in gas prices with Russian major Gazprom, listing it as the main provision for extending an import contract, due to expire on 1 September, for a 6 billion cubic metres per year of gas from the purpose-built Transbalkan gas pipeline.

25 August 2011
Exploration & Production

Korea and Uzbekistan hope to finalise $4 billion deal to develop Uzbek reserves

The South Korean President Lee Myung-bak will arrive in Uzbekistan today, where the two countries will hold further talks on the development of domestic gas fields, according to a press release on the president’s website on 23 August.

23 August 2011
LNG

Total approved for Yamal LNG stake acquisition

French major Total has secured approval from Russia’s Federal Antimonopoly Service (FAS) for a 20.5% stake in the Yamal-LNG project, the FAS said in a statement released today.

23 August 2011
Policy & Regulation

Challenges remain for TNK-BP in Itera share deal

Russia’s Federal Anti-monopoly Service (FAS) has suspended consideration of the proposed 50% acquisition of natural gas producer and trader Itera by oil and gas company TNK-BP because the deal has to be referred to the government’s commission for monitoring foreign investment, an FAS source told Interfax.

23 August 2011
Supply & Demand

Gazprom chief strategist warns against oil-indexed pricing of gas

The growing price differential between oil and gas requires Gazprom to move away from oil-indexed pricing formulas for the export of natural gas, Vlada Rusakova, Gazprom’s head of strategic planning, recently said in an article for Gas Industry Journal.

22 August 2011
Exploration & Production

SOCAR and BP discuss second phase of Shah-Deniz field

Representatives of State Oil Company of the Azerbaijani Republic (SOCAR) and BP today discussed phase two of the Shah Deniz gas condensate project in Azerbaijan Caspian sector, a SOCAR representative today told Interfax.

18 August 2011
Supply & Demand

Ukraine increases Russian gas transit rate by 1.8% in Q3

Ukraine increased the rate for Russian natural gas transiting across its territory to $2.89 per 1,000 cubic metres (Mcm) per 100 km for the third quarter of 2011, a 1.8% rise on the first quarter ($2.84), Ukrainian Energy and Coal Industry Minister Yury Boiko told journalists on Tuesday.

17 August 2011
Supply & Demand

Novatek raises 2011 production forecast to 50 bcm

Novatek, Russia’s top non-state gas producer, expects to produce at least 50 billion cubic metres of natural gas this year, Chief Financial Officer Mark Gyetvay announced on Tuesday.

17 August 2011

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