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Exploration & Production

Sasol’s global GTL push reaches Uzbekistan

South Africa’s Sasol have taken a step closer to building a gas-to-liquids (GTL) plant in Uzbekistan after signing an investment agreement with the Uzbek government and Malaysia’s Petronas on Monday.

20 September 2011
Exploration & Production

Shtokman to provide project costs to shareholders in October

Shtokman Development AG will present shareholders with an evaluation of the project's costs next month, the company told Interfax on Tuesday. The shareholders plan to make a final investment decision based on these calculations in December.

20 September 2011
Policy & Regulation

Yanukovich's visit to Ashgabat includes gas and pipeline talks

The Ukrainian President Victor Yanukovich met his Turkmen counterpart Gurbanguly Berdimuhamedov in Turkmenistan this month to discuss potential gas deliveries from Turkmenistan to Ukraine.

20 September 2011
LNG

Klaipedos Nafta to acquire floating LNG import terminal

State-owned Lithuanian oil terminal operator Klaipedos Nafta plans to acquire a floating LNG import terminal vessel.

20 September 2011
Exploration & Production

Beyond Shah-Deniz

The Shah-Deniz natural gas development is not the only project that Azerbaijan’s energy sector is currently focusing on. Ahmed Mehdi investigates the other fields drawing their attention.

20 September 2011
LNG

Spain's Socoin preparing feasibility study for LNG terminal in Ukraine

Spanish engineering company Socoin Ingenieria y Construccion has won the feasibility study tender for the LNG regasification terminal in Ukraine. The contract is expected to be signed in October.

19 September 2011
Supply & Demand

SOCAR to maintain 2011 gas output at last year's level

The State Oil Company of the Azerbaijani Republic plans to produce 7.2 billion cubic metres of gas in 2011, equal to 2010 production results, the company said in a statement on the website of the country's ruling party, Yeni Azerbaijan, quoting the company's President, Rovnag Abdullayev.

19 September 2011
Pipelines, Storage & Power

South Korea to assess risks of gas pipeline

South Korea’s leadership said on Monday that it has yet to make a final decision on the building of a gas pipeline from Russia through North Korea, according to excerpts from a government report printed by the paper Chosun Ilbo.

19 September 2011
Supply & Demand

Gazprom signs purchase-sale agreement for SeverEnergia gas

Gazprom has signed an agreement with Severenergia under which the Russian gas giant agreed to buy gas produced at the Samburskoe field developed by Arcticgaz.

19 September 2011
Policy & Regulation

Gazprom may get 11.2 billion rubles budget for Sakhalin-2 gas purchases in 2012

Gazprom could receive 11.2 billion rubles ($361 million) from the country's budget in 2012 as compensation for the procurement of gas extracted in the Sakhalin-2 project and Far East regional gasification plans.

19 September 2011
Supply & Demand

Turkmen gas compressor to boost export capacity

Turkmenistan’s Hazar gas compressor station has been put into operation near the Caspian coast in Turkmenistan, boosting its annual export capacity by 2 billion cubic metres.

19 September 2011
Supply & Demand

Ukraine plans to transit 110 bcm of gas in 2012

The Ukraine government estimates that 110 billion cubic metres of natural gas will transit its territory next year, according to a draft of the country's 2012 state budget posted on the Ukraine parliamentary website.

16 September 2011
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

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