Ukrainian president Petro Poroshenko Policy & Regulation

Ukraine must clean up its act to attract Western players

Kiev needs to break the stranglehold of Ukraine’s oligarchs if it wants companies to invest in the country.

By The Wildcat 2 October 2017
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
Supply & Demand

Shah-Deniz exports amount to 2.7 bcm between January and July 2011

Exports of Azerbaijani gas in the framework of Phase 1 of the development of the Shah-Deniz field came to 2.7 billion cubic metres between January and July 2011, the country’s State Statistics Committee told Interfax today.

17 August 2011
Supply & Demand

Russia agrees with Belarus to reduce gas price formula from 2012

Russia has agreed to lower its gas prices for Belarus, and will receive Russian gas at a discount from 2012 in view of its membership of the customs union, Russian Prime Minister Vladimir Putin said at a meeting with his Belarusian counterpart, Mikhail Myasnikovich.

16 August 2011
Supply & Demand

Gazprom ups exports to Europe 21% in Q2

Exports of Russian gas to non-CIS countries climbed 21% in the second quarter of 2011, Gazprom reported on Tuesday.

16 August 2011
Exploration & Production

Novatek net profits soar 120% in Q2

Second-quarter net profits at Novatek, Russia’s second biggest gas producer, more than doubled from $242 million in the same period last year to $494 million , the company said in a statement released on Friday.

15 August 2011
Exploration & Production

SOCAR to expand drilling activity in Caspian Sea

The State Oil Company of the Azerbaijani Republic (SOCAR) plans to build two floating drilling rigs to develop new oil and gas fields in the Caspian Sea, SOCAR chief Rovnag Abdullayev announced on Friday.

15 August 2011
Companies & Finance

TNK-BP not planning lawsuit against BP over Rosneft deal

Management at TNK-BP is not yet planning to sue BP for breach of a shareholders agreement due to the proposed deal with Rosneft, TNK-BP's Deputy CEO, Maxim Barsky, told Interfax.

15 August 2011
Supply & Demand

Russia offers Belarus reduced gas price formula from 2012

Belarus will receive Russian gas at a discount from 2012 in view of its membership of the Customs Union, Russian Prime Minister Vladimir Putin today said at a meeting with his Belarusian counterpart, Mikhail Myasnikovich.

15 August 2011

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