LNG vulnerable to worst effects of sanctions
Sanctions targeting Russia’s oil sector could hurt production, but financial restrictions – which target gas as well as oil – could be more damaging.
11 November 2014
Mexican LNG plans target Asian arbitrage
Pemex surprised the market on Wednesday with plans for an LNG liquefaction plant on Mexico’s Pacific Coast. The financial logic for the plant looks sound, but there are doubts over prospects for Mexican gas output growth, say experts.
7 November 2014Ukrainian imports still down year on year
US and EU sanctions against Russia intensified in September, while a lack of Russian gas imports weighed on gas usage in Ukraine.
4 November 2014Ukraine and Russia sign gas contract
Ukraine, Russia and the European Union have agreed a temporary contract for Gazprom’s gas deliveries to Ukraine and clarified where the money will come from.
31 October 2014Spot gas trading resumes in Russia, but imperfections show
The outlook for Russia’s relaunched gas exchange looks questionable, with high fees in place and a possibility of low gas prices.
29 October 2014Putin told Gazprom to accept Ukraine debt at $268/Mcm
Russian President Vladimir Putin has said he pressured Gazprom into agreeing to accept Ukrainian gas debt based on the minimum price of $268/Mcm.
27 October 2014NWF support for Rosneft will not match request
The amount of money Rosneft receives from Russia’s National Wealth Fund will differ substantially from the more than RUB 2 trillion the Russian oil giant has requested, Russia’s Finance Minister Anton Siluanov has told journalists.
27 October 2014
Ukraine gas price agreed, Moscow seeks clarity
Ukraine, Russia and the EU have set a price for Gazprom’s gas, but Moscow wants to know how Kiev can pay.
22 October 2014Russia faces production declines and transit risks
The amount of gas produced by boh Gazprom and Russia as a whole fell in September on a year-on-year basis, with the trend set to continue because of uncertainty over export volumes to Europe.
21 October 2014Moscow gives a boost to Yamal LNG
Russia’s Economic Development Ministry has affirmed the status of Yamal LNG as a project of strategic significance that could receive financing from the National Wealth Fund.
20 October 2014Azerbaijan production rises 5.3% in Jan-Sep 2014
Azerbaijan’s gas production increased by 5.3% year on year between January and September 2014 to 13.8 bcm, the country’s State Customs Committee told Interfax.
17 October 2014Gazprom guides on Russian prices and Vladivostok LNG
Gazprom could reduce its prices to Russian consumers by 5-7% from 2015, company management said during a conference call to discuss the company’s H1 2014 results.
16 October 2014Profitability concerns for Shah Deniz
Statoil has sold its stake in Azerbaijan’s Shah Deniz project amid cost and marketing concerns – just five months after Total pulled out for similar reasons.
15 October 2014Ukraine exerts downward pressure on Gazprom results
Gazprom reported Q2 2014 results broadly in line with analysts’ expectations, – albeit significantly after the reporting period – but which were weighed down by trouble with Ukraine.
14 October 2014Statoil sells Shah Deniz interest to Petronas
Norway’s Statoil has sold its stake in the Shah Deniz project in Azerbaijan’s sector of the Caspian Sea to Petronas.
13 October 2014Gazprom may prioritise pipeline gas for China
The Russian giant could ditch the Vladivostok LNG project in the face of Western sanctions and pipe gas into China via the Western Route instead.
13 October 2014Financing for South Stream delayed until 2015
South Stream Transport, operator of the project to build the undersea section of the South Stream pipeline, has decided not to raise funding for the project this year and wait until Q1 2015 instead.
10 October 2014Ukrainian imports, consumption and transit all down year on year
Ukraine imported 403.5 million cubic metres of gas in August, 85.9% lower year on year, Ukraine’s Energy and Coal Ministry said.
10 October 2014Mixed messages on Power of Siberia
Moscow is sending mixed signals about the future of Gazprom’s Power of Siberia pipeline and the participation of non-Gazprom producers in the project.
9 October 2014Gazprom discussing LNG projects with Shell
Gazprom is focusing on the expansion of the Sakhalin 2 LNG plant in its negotiations with Shell, but is also discussing Baltic LNG and Vladivostok LNG with the Anglo-Dutch supermajor and other potential partners, the Russian company’s Chief Executive Alexei Miller said.
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