Russia

Investments into Yamal LNG project are estimated at almost $27 billion

The Yamal LNG’s Board of Directors has made the final investment decision on project of the South-Tambeiskoye gas condensate field development and LNG plant construction in Yamal, the company reports. Total investments are estimated at $26.9 billion. The investments of shareholders into the project before the investment decision was made were $2.6 billion.
The launch of the plant’s first line is scheduled for 2017, the report specifies. Commissioning and start-up at facilities of the first line are planned to be started in 2016. The total capacity of the plant of three technological lines will make up 16.5 million tons of LNG per year.

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The Ukraine to cancel quotas for Russia coal products for 2014

The Ukraine will cancel quotas for Russia coal products for 2014, the Ukrainian Minister of Economic Development and Trade Igor Prasolov reported to journalists.
“The Ukrainian party doesn’t plan to introduce any quotas for 2014,” – he said.

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Gazprom to review gas price every quarter

Coefficient “k” was introduced into formula during signing of contracts on January 19 of 2009.
It was 0.8 in 2009 that enabled to decrease the gas price by 20%. From 2010 and until now, “k” was equal to 1.
According to supplement of the contract dated December 17 of 2013, to maintain the gas price at the level of $268.5 the coefficient will be recounted depending on change of oil and oil products prices, taking into account the gas price on approved formula with discount on Kharkov agreements.

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The Ukraine increases transit of natural gas to Europe by almost 4%

In January-November of 2013, the Ukraine decreased volumes of imported gas from Russia by 15.5% to 25.7 billion cubic meters, the Ukrtransgas’ press centre reports.
The transit of natural gas through the territory of the country to Europe and the CIS states grew by 3.5% to 75.2 billion cubic meters.

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Rosneft create a joint venture with the most expensive company in the world

Rosneft has completed creation of a joint venture with the American oil and gas corporation ExxonMobil, the official press release of the Russian company reports. The Rosneft’s share in the joint venture makes up 51% and ExxonMobil – 49%.

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Rosneft discovers new deposits of hydrocarbons at licensed sites in Eastern Siberia

Rosneft has discovered four new deposits of hydrocarbons at licensed sites in Eastern Siberia and has carried out conversion of reserves in one formation from the C2 category to the C1 category. The increase of recoverable reserves of oil and gas condensate of the C1 category made up over 10 million tons, and gas – over 12 billion cubic meters; permission of the state commission on reserves approved this, the company’s press center reports.

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In January – November, Tajikistan reduced light oil products imports from Russia by 1.1%

In January – November, Tajikistan reduced light oil products imports from Russia by 1.1% to 325,500 tons. In price, imports reduced by 10.5% to $341.3 million sharing 9.1% in total imports.
In November, Tajikistan reduced light oil products imports from Russia by 22.5% to 22,900 tons. In price, imports reduced by 24.9% to $23.7 million.

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In January – September, RusHydro gained net profit of 14.8 billion rubles

In January – September, RusHydro gained net profit of 14.8 billion rubles compared to loss a year ago, revenue of 222.64 billion rubles (+7%), total revenue of the group of 229.9 billion rubles (+6.9%).

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Hydrocracking complex at Kirishi refinery in the Leningrad region may be launched by March of 2014

A hydrocracking complex at the Surgutneftegaz’s Kirishi refinery (Kinef, the Leningrad region) will be launched by the end of the first quarter of 2014, the Governor of the Leningrad region Alexander Drozdenko reported to journalists.

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In January – November, Donetsk region demonstrated industrial product index of 93.1% in comparison to January – November 2012

In January – November, Donetsk region demonstrated industrial product index of 93.1% in comparison to January – November 2012. In November, it was 98% compared to October 2013. Reduction in industrial production is connected with low demand at the external sales markets of metal, chemicals and machine building goods. Ready products yield reduced by 9% in chemical and oil chemical industry, by 20.3% in machine building sector, by 3.7% in coal sector, by 8.2% in coke and petrochemicals sector.

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