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Companies & Finance

Lukoil plans $48 bln investment programme to 2014

Russia’s Lukoil plans to invest $48 billion between 2012 and 2014 as part of a new capital expenditure programme outlined by the company’s board of directors on Thursday.

1 December 2011
Exploration & Production

Uzbekistan, China deepen gas co-operation

In a major development set to deepen co-operation between Uzbekistan and China, Uzbek President Islam Karimov has confirmed that both countries are set to begin work on a number of oil and gas projects, according to the Uzbek national oil and gas company, Uzbekneftegas.

30 November 2011
Supply & Demand

Russian gas production increases

Overall Russian gas production during January and November amounted to 607 billion cubic metres, a 3.4% increase year-on-year, with Gazprom accounting for 461.4 bcm, up 0.5% year-on-year, according to figures released by Russia’s Fuel and Energy Dispatch Centre (CDU TEK).

30 November 2011
Policy & Regulation

Russia-EU Permanent Partnership Council

Russia's Energy Ministry will hold the sixth meeting of the Russia-EU Permanent Partnership Council (PPC) on Energy on Thursday, the ministry said in a statement on Wednesday.

30 November 2011
Pipelines, Storage & Power

Gazprom streamlines pipeline strategy

Gazprom has agreed on a price formula to buy large-diameter pipes from domestic producers including TMK, OMK’s Vyksa Steel Works, ChelPipe and Severstal, the company said in a statement on Tuesday.

29 November 2011
Exploration & Production

Rosneft, Exxon to present offshore development plan in February

Russian oil company Rosneft and United States major ExxonMobil plan to present their offshore development plan in February 2012, Rosneft Chief Executive Eduard Khudainatov, told reporters in Moscow on Tuesday.

29 November 2011
Pipelines, Storage & Power

Nord Stream supplies growing, Belarusian transit decreases

Gazprom is increasing its supplies through the Nord Stream gas pipeline. At the same time, gas supplies to Germany through the Yamal-Europe pipeline that crosses Belarus have dropped despite Russia's reassurances that Nord Stream will not affect the Belarusian pipe's throughput.

29 November 2011
Companies & Finance

Minsk expects $2.5 billion for remaining Beltransgas stock

Gazprom plans to transfer $2.5 billion to Belarus for the remaining 50% share of Beltransgas within 15 days from the purchase-sale agreement, which was concluded on 25 November, the country's state property committee told Interfax on Monday.

28 November 2011
Supply & Demand

Belarus expects 2013 gas imports at Smolensk region prices

Belarus expects to import gas from Russia in 2013 at Smolensk regional prices, the Deputy of Belarus' Parliamentary Commission on Industry, Anatoly Pavlovich, told Interfax on Monday.

28 November 2011
Policy & Regulation

CDU TEK figures show Russia’s dwindling imports of Central Asia gas

Figures from the Russia’s Fuel and Energy Dispatch Centre (CDU TEK) obtained by Interfax demonstrate the shifting relationship Russia has with Central Asian gas producers.

25 November 2011
Exploration & Production

Shtokman licence amended for 2016 launch

The Russian government's fuel and energy commission has approved licence amendments that enable the Shtokman gas condensate field to be brought on-stream in 2016.

25 November 2011
Supply & Demand

Russia signs gas deal with Belarus

Russia and Belarus signed a new gas agreement on Friday to replace the existing arrangement that was due to expire at the end of 2011.

25 November 2011
Companies & Finance

ING closes deal for Russian gas terminal

Dutch bank ING has closed an export credit agency (ECA) guaranteed deal for an oil and gas terminal project in Taman, Russia.

25 November 2011
Supply & Demand

Russia-Belarus Union State Council to meet in Moscow

Russian President Dmitry Medvedev and his Belarusian counterpart Alexander Lukashenko will meet on Friday to discuss gas co-operation and hold another session of the Supreme State Council of the Union State.

25 November 2011
Exploration & Production

BP begins 3D seismic survey of Shafag-Asiman structure

BP-Azerbaijan has begun 3D seismic surveying at the promising Shafag-Asiman structure in Azerbaijan's Caspian Sea waters, BP-Azerbaijan told Interfax on Thursday.

24 November 2011
Companies & Finance

TNK-BP renews efforts to buy IES assets

TNK-BP, Russia’s third-biggest oil company is renewing efforts to buy assets in natural gas distributor Gazeks from IES Holdings, Mikhail Slobodin, executive vice-president for gas and power told reporters on Thursday.

24 November 2011
Pipelines, Storage & Power

Kazakhstan, Azerbaijan have right to lay gas pipeline on Caspian Sea bed

The draft plan to build a Trans-Caspian gas pipeline has the right to exist, Azerbaijan's Deputy Foreign Minister Halaf Halafov told reporters on Wednesday.

23 November 2011
Companies & Finance

Novatek shareholders discuss an increase in Total stake

French company Total and shareholders in Russian gas producer Novatek are discussing the possibility of raising the former's stake in the latter company, Novatek told Interfax on Wednesday.

23 November 2011
Companies & Finance

Fitch says TNK-BP to benefit from rising domestic prices

Fitch ratings anticipate that BP’s Russian joint venture, TNK-BP, will benefit from Russian natural gas price reforms by 2014.

23 November 2011
Pipelines, Storage & Power

Nazarbayev’s careful balancing act

As Kazakhstan this year celebrates its twentieth anniversary of independence, Nursultan Nazarbayev, Kazakhstan’s President uses the opportunity to shed light on the country’s future energy plans i

22 November 2011

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