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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
Exploration & Production

Total to continue drilling Apsheron field by end of month

France's Total will restart the drilling of an exploration well at the Apsheron field by the end of October. Drilling was halted at a depth of around 6,600 m for testing procedures, the first Vice-President of State Oil Company of the Azerbaijani Republic (SOCAR), Khoshbakht Yusifzade, told journalists on Tuesday.

18 October 2011
Policy & Regulation

BP in Russia: quashing uncertainty

Robert Dudley, BP’s CEO is seeking to restore the credibility of the company’s investment strategy in the country. However, with ongoing legal tussles with TNK-BP, its principle investment vehicle

18 October 2011
Exploration & Production

Total remains committed to Shtokman – de Margerie

Total is continuing its commitment to the Shtokman project, as well as investing in the nearby Yamal LNG scheme.

17 October 2011
LNG

Lukoil to complete gas chemical plant in Budyonnovsk by 2020

Russian oil major Lukoil plans to complete construction of a gas chemical plant in the Stavropol Territory city of Budyonnovsk by 2020, the deputy general director for capital construction at subsidiary LLC Stavrolen, Alexei Yekimov said at a meeting on the project in Budyonnovsk on 15 October.

17 October 2011
Supply & Demand

Decision on export route hampering Russia-China gas talks

A lack of agreement on the export route for the transport of Russian gas to China is hampering gas talks between the two countries, a source close to the management at China National Petroleum Corporation (CNPC) today told Interfax on Monday.

17 October 2011
Companies & Finance

Gazprom issues $200 mln via ECP

Russian oil and gas monopoly Gazprom, the country’s largest borrower, placed $200 million via an issue of euro commercial paper (ECP), a source at UBS, the placement organiser, today told Interfax.

14 October 2011
Policy & Regulation

Turkey’s failed experiment with market liberalisation

After 10 years, only 14% of the country’s gas imports are in private hands – compared with a target of 80% set in 2001. What is causing the delay?

14 October 2011
Companies & Finance

Turgai Petroleum closes $500 million loan facility

Turgai Petroleum, a joint venture between Russia's Lukoil and PetroKazakhstan, has closed a $500 million loan facility with a syndicate of lenders to fund development of the Kumkol field in Kazakhstan.

14 October 2011
Supply & Demand

Belarus asks Gazprom to delay 2011 gas payments to 2012 - source

Belarus and Gazprom are discussing the possibility of putting off payment of the republic’s 2011 gas debts until next year, a source familiar with the negotiations told Interfax.

13 October 2011
Companies & Finance

EuroChem says mulling acquisition of gas assets

EuroChem is mulling the acquisition of gas assets and could announce that agreements have been reached within a month, the fertiliser producer's co-owner, Andrei Melnichenko, told reporters.

13 October 2011
Supply & Demand

Ukraine ups gas royalties 2.8% in September

Ukraine’s Economic Development and Trade Ministry increased the adjusted coefficient for calculating royalty payments on gas by 2.8% – from 1.9286 August to 1.9825 in September.

12 October 2011
Supply & Demand

Coefficient won't lower gas price for Belarus substantially in 2012

The coefficient that will be used to calculate the price of Russian gas that Belarus imports in 2012 will not have a significant effect on the end price of gas.

12 October 2011
Supply & Demand

Russia, China close to gas deal - Sechin

Russia's Deputy Prime Minister Igor Sechin said on Wednesday that Russia and China are close to agreeing a gas deal.

12 October 2011
Pipelines, Storage & Power

Gazprom to start financing Chusovoi-Solikamsk gas pipeline next year - Perm Governor

Russian gas giant Gazprom might start financing the construction of the Chusovoi-Solikamsk gas pipeline in the Perm Territory in 2012, the territory's Governor, Oleg Chirkunov, told journalists on Wednesday.

12 October 2011
Pipelines, Storage & Power

Nord Stream environmental impact in line with projections

The environmental impact of the Nord Stream gas pipeline in 2010, when the bulk of the offshore pipe was laid, was in line with the projections of environmental impact assessments or even smaller than expected, Nord Stream AG said in a statement on Tuesday.

11 October 2011
Supply & Demand

Market conditions favour China in gas talks with Russia

A gloomy outlook for the global economy may work in China's favour in its ongoing natural gas supply negotiations with Russia, a Chinese energy expert told Interfax on Monday.

11 October 2011

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