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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
Companies & Finance

Ukrainian PM Tymoshenko sentenced to seven years in gas case

The Pechersky District Court in Kiev has found Ukraine’s ex-prime minister and leader of the Batkivshchina party Yulia Tymoshenko guilty of exceeding her authority while signing gas contracts with Russia and sentenced her to seven years in prison.

11 October 2011
Pipelines, Storage & Power

The Kovykta factor

Could the recent award of the Kovykta field to Gazprom be a catalyst for Russia and China to reach an agreement over gas sales?

11 October 2011
LNG

Uzbekistan, Korea to sign financial documents for Ustyurt gas chemicals complex by 2012

The founders of the joint venture (JV) Uz-Kor GasChemical plan to sign financing documents to build the Ustyurt gas chemicals complex at the Surgil deposit in Uzbekistan before the end of 2011, the press service at Uzbekneftegaz announced on Monday.

10 October 2011
Companies & Finance

Novatek gas production climbs 45% higher this year

Independent gas producer Novatek produced 39.01 billion cubic metres of gas in the first nine months of this year - a 45.1% year-on-year increase - and 3.1 million tons of liquid hydrocarbons, 16.1% more, according to figures released by the company.

10 October 2011
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

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