Former Soviet Union

Pipelines, Storage & Power

Ukraine losing $8 bln per year from gas deal with Russia - Kiev

Deputy Ukrainian Prime Minister and Infrastructure Minister Boris Kolesnikov has said that the gas agreement with Russia signed during the administration of former Prime Minister Yulia Tymoshenko will end up costing the country $80 billion over 10 years.

10 October 2011
Global Markets

Poland

Deputy Ukrainian Prime Minister and Infrastructure Minister Boris Kolesnikov believes that the gas agreement with Russia signed during the administration of former Prime Minister Yulia Tymoshenko will end up costing the country $80 billion over 10 years.

10 October 2011
Exploration & Production

Lukoil gets $300 mln ADB credit, guarantees for Uzbek gas project

The board of directors at the Asian Development Bank (ADB) have green-lighted $300 million worth of credit and commercial-risk guarantees for Russian oil major Lukoil’s Kandym gas deposit in Uzbekistan.

7 October 2011
Policy & Regulation

A tighter grip

This week’s Kazenergy forum in Astana was a reminder of Kazakhstan’s growing assertiveness over its natural resources. While this will boost government coffers in the short term, there could be longer-lasting damage to investor confidence in the country.

7 October 2011
Exploration & Production

Gazprom gets licence to develop Kovykta gas field

Gazprom said on Friday that it has been awarded a licence by Russia’s federal agency for subsurface resources (Rosnedra) to develop the huge Kovykta gas field in Siberia it bought in March.

7 October 2011
Supply & Demand

Kazakhstan gas production increases 8.2% January to September

Kazakhstan produced 29.5 billion cubic metres of gas between January and September, 8.2% more year-on-year, according to figures from Kazakhstan’s Ministry of Oil and Gas.

7 October 2011
Companies & Finance

Mott Macdonald completes Surgil plan

An environmental and social management plan for the Surgil natural gas complex project in Uzbekistan has been completed by engineering firm Mott MacDonald, as the bank market mulls over a $4.1 billion project finance deal.

7 October 2011
Exploration & Production

Yamal-Nenets gas output up 6%, oil down 6% in eight months

Gas output in Russia’s Yamal-Nenets Autonomous District (YNAD) grew 6% year-on-year to 369.4 billion cubic metres from January to August this year, the YNAD governor said in a press release on Thursday.

6 October 2011
Supply & Demand

Naftogaz Ukrainy pays Gazprom $867 mln for September gas

Ukraine’s national oil and gas company Naftogaz Ukrainy has transferred around $867 million to Gazprom as full settlement for gas delivered last month, a spokesperson for the company told Interfax.

6 October 2011
Exploration & Production

Sakhalin-shelf deposit

Total and Novatek have signed the final agreement that will give the French company a 20% stake in the Yamal LNG venture.

6 October 2011
Pipelines, Storage & Power

Shah-Deniz consortium might complete evaluation of pipeline proposals by Nov - SOCAR

The Shah-Deniz consortium has started assessing proposals for supplying Azerbaijani gas from the second phase of the project to Europe, the president of the State Oil Company of the Azerbaijani Republic (SOCAR), Rovnag Abdullayev, told journalists on Wednesday.

5 October 2011
Exploration & Production

Norway's Statoil ready to develop newly discovered Azerbaijani gas fields

Norway's Statoil is ready to take part in the development of new gas fields discovered in Azerbaijan, the country's Ministry of Industry and Energy said in a statement on its official website.

5 October 2011
Exploration & Production

Kazakhstan may pay up to $1.1 billion for stake in Karachaganak project

Kazakhstan may pay from $700 million to $1.1 billion for a stake in the Karachaganak gas condensate deposit project.

5 October 2011
Exploration & Production

Uncertainty about Kashagan Phase II persists, Kazakh minister says

North Caspian Operating Company (NCOC) and the Kazakh government have yet to reach a mutual understanding on the second phase of the Kashagan project in the Caspian Sea, Kazakh Oil and Gas Minister Sauat Mynbayev said on Tuesday.

4 October 2011
Exploration & Production

Novatek’s Yamal wager

Novatek’s flagship Yamal LNG project is still in the initial stages and the company faces a series of challenges to bring the development to fruition. So will the gamble pay off?

4 October 2011
Exploration & Production

Karachaganak talks to wrap up by end 2011 – BG

The talks between Kazakhstan and the Karachaganak Petroleum Operating (KPO) on Kazakhstan’s joining the Karachaganak project will be completed by the end of the year, BG Executive Vice-President of Europe and Central Asia, Chris Finlayson, has said.

4 October 2011
LNG

Sakhalin Energy to supply TEPCO with LNG

Sakhalin Energy, the operator of the Sakhalin-2 oil and gas project off Russia's Pacific coast, will supply Tokyo Electric Power Company (TEPCO), Japan's largest electricity provider, with liquefied natural gas under a mid-term contract, the Energy Ministry said on Monday.

3 October 2011
Supply & Demand

Turkey: A tough negotiating partner

Turkey is making good use of its strong position in negotiations with Gazprom over renewing its import contracts, and if the Russian major back downs it could set a precedent for other European compan

30 September 2011
Pipelines, Storage & Power

Gazprom board meets to discuss independent producers

The management board of Russian gas major Gazprom on Thursday discussed working with independent producers and asked Gazprom subdivisions to continue working toward optimising the prices, volumes and gas markets of independent organisations.

30 September 2011
LNG

Shtokman requires $4 billion tanker fleet

Sovcomflot (SCF), Russia’s state owned shipping company, has estimated that the Gazprom-led Shtokman project to produce LNG from a Barents Sea field almost 600 km offshore may require a $4 billion fleet to transport the fuel.

29 September 2011

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