Russia

Gazprom and Japan have discussed the possibility of gas supply rise

Gazprom and the representatives of the Parliament of Japan have discussed the perspectives of growing the gas supply to Japan including on the account of the pipeline gas supply, Gazprom reports.
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Gazprom: It might take 4-8 years to free Russian gas pipelines from the 3rd Energy package

The process of releasing the South Stream gas pipeline and Nord Stream-3 from the requirements of the Third Energy Package of EU might take 4-8 years, the deputy CEO of Gazprom export (affiliate of Gazprom specializing in exports), A. Golubnichiy, said in the interview to Russia Today TV channel.
He said that the construction of the Nord Stream-3 was caused by the demand from the market. Read more »

Gas supply by Nord Stream renewed after the planned works - official

The gas transportation was shut down on April 15th.
The gas flow has been restarted after the planned 2-week shut down of the gas pipeline. Nord Stream has completed the works on the fixing of the control systems, that in future will allow to integrate 2 branches of the Nord Stream gas pipeline into a single automated system, is reported.
Nord Stream says within the 2 weeks of the shut down the integrated control system was set up and tested and the necessary certificates were obtained.  Read more »

Italy is ready to sign intergovernmental agreement on South Stream

Italy is ready to sign the intergovernmental agreement on its participation in the construction of the South Stream gas pipeline, the Ambassador of Italy in Russia, A. Zanardi Landi said.
The shareholders of the company’ operator of the offshore site of South Stream - South Stream Transport AG – are Gazprom (50%), Eni – 20%, Wintershall – 15% and EdF – 15%.
For the realization of the land part of the project Russia has signed the intergovernmental agreements with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria. Read more »

Gutseriev: Russneft to pay off another $800 million of debt by the end of the year

Russneft, one of the ten Russian largest oil companies, will pay off another $800 million of its debt by the end of the year, the Head and one of the main owner of Russneft, Mikhail Gutseriev reported to journalists on Wednesday.

“We paid off $1.5 billion, another $800 million we will pay off at the expense of out profit, decrease of prime cost of the production and capital investments, and at the expense of launch of highly productive wells,” – Gutseriev said. Read more »

UC Rusal will sell 1.4 million tons of aluminum to Glencore

UC Rusal has closed with Glencore the contract for the sales of 1.4 million tons of aluminum for $43 billion within 7 years, Bloomberg reports referring to own sources.  Glencore agreed for transaction with UC Rusal in Q4 2011, when premium for aluminum reached its record level. The European buyers paid by $130 more, in average, for the metal, then the price at LME. This year UC Rusal will sell Glencore 1.4 million tons. Read more »

Miller: commercial deliveries via the second leg of the Nord Stream pipeline to begin in October

The commercial gas deliveries via the second leg of the gas pipeline Nord Stream, connecting  Russia and Germany under the Baltic Sea, will be begin in October, Gazprom’s Head, Alexei Miller, confirmed at the meeting with Prime-Minister Vladimir Putin.

“We have begun the start-up works, in September the filling of the second spring with buffering commercial gas will start, and in October we will begin the commercial deliveries,” – Miller said. Read more »

Rosneft has agreed the 2nd stage of the deal with ExxonMobil

Rosneft and ExxonMobil have agreed the 2nd part of the deal on the foundation of a strategic alliance. Now the Russian company, which together with ExxonMobil will develop the deposits at the shelf of the Kara and Black seas, will join  projects in Texas, the Gulf of Mexico and Canada. The parties don’t release how much it will cost, but according to the sources of Kommersant, it is about not more than $100 mln without the investment into the development. Read more »

Russia. Turonian gas production potential at the Yuzhno-Russkoye deposit makes up 5-8 billion cubic meters

The Turonian gas production potential at the Yuzhno-Russkoye deposit, according to preliminary assessment, makes up 5-8 billion cubic meters a year, is said in a newspaper by Gazprom. “This figure will be specified on the results of a pilot development of a well No174, while the reserves of the Turonian basins – on the results of further development of the licensed site,” is said in the newspaper. Read more »

The Chusovsk metallurgic plant has increased a net loss for the year by 26% to 1.5 billion rubles

For 2011 the Chusovsk metallurgic plant (CMP) has increased its net loss by 26% to 1.59 billion rubles. Looking back, in 2010 and 2009 the net loss exceeded 1.2 billion rubles and 2 billion rubles respectively. The plant finished 2008 with the net profit in the amount of 484 million rubles. In the reporting year the plant made the net losses every quarter and for the last quarter the loss exceeded 1 billion rubles. Read more »

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