Russia

Rosneft to develop the shelf with companies from China and South Korea

The companies from China and South Korea will help it to develop the shelf. Read more »

LNG exports can be liberalized

The idea for the cancelling of Gazprom's monopoly for LNG exports supported by Novatek has found another strong ally, the chief of Rosneft, I. Sechin. He raised the question of the liberalization of LNG exports at the session for the Presidential Commission for Fuel and Energy Sector. However, the President Putin thinks that it’s possible only to liberalize LNG exports gradually.

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“Gazprom” is approved with LNG carrier documentation

Russian Marine Registry of Shipping has completed an approval of the engineering documentations of liquefied natural gas tanker, which will become a basis of gas carrier fleet within the framework of the meeting of future requirements of the “Gazprom” Group. The press-service of the Maritime Registrar stated. Read more »

Analytic: Glencore’s share in Russian oil exports may reach 15%. It will make up 19% with the supply volume of “Rosneft”

When Gunvor lost the export contracts of “Rosneft”, athe oil trader Glencore took the place as the leader in the oil market. The company will become a key participant of predevelopment financing of the state-run company, which searches for funds onthe  closing the deal on a purchase of TNK-BP. Eventually Glencore will get a right to sell 70% of oil of “Rosneft”, http://www.rbcdaily.ru. Read more »

Glencore and Vitol borrow $10 billion for the purchase of oil from “Rosneft”

Oil traders Glencore and Vitol are about to attract syndicated credit at $10 billion in order to buy 67 million tons of oil from “Rosneft”.

On December 21, 2012 Rosneft, Glencore and Vitol agreed on main terms of long-term contracts on oil supply. They are about to conclude the prepaid contract for 5 years (67 million tons of oil). They plan to start the deliveries in 2013.

According to an agreement they can replace the oil volumes by appropriate petroleum products at various directions of the supply. Read more »

Norilsk Nickel made technological breakthrough in Arctic shipping industry

GMK “Norilsk Nickel” keeps creating its icebreaker fleet, which meets the demand of the Arctic shipping industry.

As it is known, the history of the Arctic shipping industry is connected with the use of ice-breakers and an aim to build a transport vessel, which will be able to move at any ice conditions without icebreaker support.

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Gazprom supplies a shipment of LNG for terminal launch in India

Gazprom Marketing and Trading Singapore (GM&TS, Gazprom’s structure) has supplied a shipment of liquefied natural gas (LNG) for the launch of the regasification terminal Dabkhol in India, the company reports.

The LNG terminal is located 340 km to the south of Mombai. The terminal belongs to Ratnagiri Gas & Power Private Limited (RGPPL), the joint venture of GAIL Limited and National Thermal Power Corporation (NTPC). GAIl is the commercial operator of the terminal, the RIA Novosti reports. Read more »

Novatek’s subsidiary to supply gas to the amount of 10 billion rubles to Perm Minudobreniya through until 2017

The Novatek subsidiary – Novatek-Perm - will supply gas to the amount of 10.088 billion rubles to Mineralnye udobreniya (Perm, producer of nitrogenous fertilizers and ammonia, a part of Uralkhim) through until 2017, the Perm company reports.

On December 20, the parties concluded an additional agreement to the gas supply contract, in accordance with which the supplier was to deliver gas. The deadline for the fulfillment of the obligations: the gas supply  - till December 31, 2016, and the final settlement - till January 25, 2017, the RIA Novosti reports. Read more »

Severstal to build heat-treating machine to increase production of EHS steel

The Cherepovets metallurgical complex, one of the largest integrated steel plants in the world (Severstal Russian Steel Division) will put into operation a new heat-treating machine in 2013. The total value of the project will make up 246 million rubles.

The project is aimed at the increase of the production of mill-2800 thick plate out of EHS steel with new application properties for such branches of industry as shipbuilding, bridge building and the production of heavy duty machines. Read more »

Rosneft will work at Norwegian Arctic continental shelf via RN Nordic AS

The company, brought in the end of May 2012 to the Norwegian registry of enterprises will represent Rosneft in the projects realized in the Norwegian offshore together with Statoil. The chief of RN Nordic AS is Hans van Lamuen who has worked in Russia for several years. The Chairman of Management Board is Bengt Lie Hansen, the former chief of the Russian subsidiary of Statoil, experienced in work at High North, including Shtokman. The member of  Management Board is J. Runie, the new Vice President of Rosneft for shelf projects. Read more »

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