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Supply & Demand

Russian gas for Ukraine in Q4 2011 set at $398-$402

The price of Russian gas for Ukraine in the fourth quarter of 2011 has been set at $398-$402 per thousand cubic (Mcm) metres, the Energy and Coal Industry Minister of Ukraine Yuriy Boiko said at a briefing in Kiev on Friday.

16 September 2011
Supply & Demand

Gazprom kicks off gas pipeline talks with North and South Korea

Gazprom CEO Alexei Miller met with North Korean Oil Minister Kim Hui Yong on Thursday to discuss issues relating to a proposed pipeline running from Russia to the Korean Peninsula.

16 September 2011
Pipelines, Storage & Power

South Stream edges closer to reality after shareholder agreement signed

Gazprom’s ambitious South Stream project has taken a step closer to completion after a shareholder agreement on the development and operation of the offshore section of the pipeline was signed with

16 September 2011
Companies & Finance

ADB starts Surgil debt financing appraisal

The Asian Development Bank (ADB) has begun its appraisal process for debt financing for the Surgil natural gas and chemicals project in Uzbekistan, with a bank market approach a matter of days away.

16 September 2011
Companies & Finance

Higher gas tax to cost Itera $60 mln in lost earnings

As a consequence of higher natural resource extraction tax (NRET), the Russian independent group of companies, Itera, will lose up to $60 million in lost earnings in 2012.

16 September 2011
Exploration & Production

TAP confident of Shah Deniz victory

Three rival groups are competing for the contract to deliver gas from the Shah Deniz field in Azerbaijan to Europe, although the Trans-Adriatic pipeline believes it will be awarded the contract.

16 September 2011
Supply & Demand

SOCAR puts pressure on Turkey to reach gas deal

Turkey will have to bring its legal framework in line with future gas supplies through the country, SOCAR President Rovnag Abdullayev said on Thursday in Baku.

15 September 2011
Exploration & Production

TNK-BP plans to invest $45 bln in upstream projects by 2020

TNK-BP plans to invest $45 billion in upstream and $4 billion in downstream business by 2020, Stan Miroshnik, the Russian-British joint venture's executive vice-president, Strategy and Business Development, said at a forum of the company's suppliers and contractors on Thursday.

15 September 2011
Supply & Demand

Gazprom plans new three-year contract with Moldova

Gazprom plans to secure a new gas supply and transit contract with Moldova for 2012-2014.

15 September 2011
Supply & Demand

Ukraine 2011 Russian and Central Asian gas imports cost $8.58 billion

Ukraine imported 2 billion cubic metres of natural gas from Kazakhstan, Turkmenistan, and Uzbekistan in April-July of at an average cost of $280 per thousand cubic meters (Mcm).

15 September 2011
Companies & Finance

Rosneft to acquire Sintezneftegaz's assets at sunk costs – Rosneft CEO

Russian oil company Rosneft plans to acquire CJSC Sintezneftegaz's assets at sunk costs, Rosneft president Eduard Khudainatov told Interfax on Tuesday.

14 September 2011
Exploration & Production

Gazprom set to obtain Kovykta licence by early October

Russian gas giant Gazprom expects to receive licensing rights to the Kovykta gas condensate deposits by early October, Vsevolod Cherepanov, Gazprom’s Head of the Gas, Gas Condensate and Oil Production Department said on Wednesday.

14 September 2011
Supply & Demand

Russia and Belarus to sign gas deal in December

Russia and Belarus are preparing to sign a new deal on gas supplies in December, before the expiration of the current deal, Russian state gas export monopoly Gazprom said in a statement on Monday.

13 September 2011
Policy & Regulation

Russian court cancels order allowing BP Moscow office raids

The arbitration court of Russia's Tyumen region has cancelled its ruling that authorised bailiffs to raid BP's Moscow office in late August for documents related to the collapsed BP-Rosneft deal, a spokesman for BP's Moscow headquarters said on Tuesday.

13 September 2011
Companies & Finance

Rosneft plans to finish draft plan for working with ExxonMobil by end of 2011

Rosneft will finish drafting a plan for working with ExxonMobil by the end of the year, the Russian company's chief, Eduard Khudainatov, told Interfax on Tuesday.

13 September 2011
Companies & Finance

AAR says it will continue to defend its interests in BP dispute at Stockholm tribunal

The Alfa-Access-Renova (AAR) consortium of shareholders which represents the interests of TNK-BP will continue to defend its interests in a dispute with BP at the Stockholm Arbitration Tribunal, AAR's managing director, Stan Polovets, told Interfax on Tuesday.

13 September 2011
Supply & Demand

Gazprom exports and production fall by over 10%

After a strong few months of year-on-year growth, Russia’s gas exports have fallen in early September. Why exactly is this happening?

13 September 2011
Exploration & Production

Rosneft mulls Exxon participation in Val Shatsky project in Black Sea

Russian oil company Rosneft is engaged in negotiations with two companies, one of them ExxonMobil, over participation in the Black Sea Val Shatsky project, company chief Eduard Khudainatov today told Interfax on Tuesday.

13 September 2011
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

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