Russia

State Duma adopts the LNG liberalization law

The State Duma has adopted the law aimed at the liberalization of the export LNG t within the second and the third readings.
In compliance with the law LNG export rights are provided to two new categories of the subsoil users other than the owner of the unified gas supply system or its 100% subsidiary (Gazprom).
Thus, the new law stipulates that LNG export becomes available to the companies the projects of which presupposed construction of an LNG plant or transportation of the extracted gas to LNG producing plants in the beginning of 2013.

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Gazprom is going to develop 3 gas deposits in Yakutia

Gazprom is going to develop 3 more gas deposits in Western Yakutia besides from Chayandy, the CEO of Gazprom Production Noyabrsk K. Stepovoy says. Chayandy is the basis for creation of the Yakutia gas production center. They will develop 3 more satellite deposits, such as Taas-Yuryakhskoye, Sobolokh-Nejelinskoye and Verkhnevilyuchanskoye, that will be adjusted later to Sila Sibiri pipeline, the sole gas transporting system for the Irkutsk and Yakutia gas production centers with gas transporting to Vladivostok. Western Yakutia will be fully covered with the gas program.

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The Ukraine will invest $4 billion to oil and gas production at the Black Sea shelf

The Ukraine will invest $4 billion to oil and gas production at  the Black Sea shelf, the Premier N. Azarov says. They will discuss the project of the order that will give the start to oil and gas production at the Black Sea shelf with participation of the leading international energy companies. Within this investment project costing up to $4 billion, they are going to increase annual oil and gas production by 2-3 million tons in oil equivalent by 2020. Additional allocations to the budget will be $20 billion.

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Accelerated cooling unit is launched at OMZ- Special Steels

An accelerated cooling unit has been launched in the OMZ- Special Steels’ forge&press shop.
The accelerated cooling unit is used for differential (local) heat treatment of rolling mills’ rollers. The equipment provides heat treatment of rollers from different steel grades with diameter of 900-2700 mm and length of roll body – 1500-5500 mm. The heat treatment takes 120 mm of roll body.

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Ministry of Natural Resources approves 61 hydrocarbon sites for geological exploration in 2014

The Russian Ministry of Natural Resources has approved a list of subsoil areas, which will be offered for geological exploration on account of subsoil users in 2014, including 61 sites with hydrocarbon resources, the Ministry reports.

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In January – September, TANEKO increased oil refining by 3.7%

In January – September, TANEKO increased oil refining by 3.7% to 5.6 million tons. Within the period, it made 562,000 tons of one-run petrol, 836,400 tons of furnace household fuel, 328,200 tons of one-run kerosene-gasoil fraction, 1.4 million tons of fuel oil, and 1.4 million tons of vacuum gasoil.

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Output of aluminium semi-finished products increases despite market stagnation

According to the Federal State Statistics Service, in the first ten months of 2013 the production of primary aluminium in Russia fell by 12% as compared with the same period of the last year; the production of its alloys, on the contrary, grew.

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Transneft has asked Rosneft to decide on connection of Eastern petrochemical company to ESPO by May

Transneft has asked Rosneft to finally decide on the connection of the Eastern petrochemical company (VNKhK) to the Eastern Siberia-Pacific Ocean oil pipeline (ESPO) by the forthcoming meeting of the governmental FEC Commission in May, the Head of the transport company, Nikolay Tokarev reported to journalists.
Rosneft’s order on connection was received, but “we abstain from decision on this issue for while and asked Rosneft not to hurry. In May the meeting of the governmental FEC Commission will take place,” – he said.

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Transneft will probably attract state funds to ESPO broadening

Transneft will probably attract state funds to the broadening of the  ESPO pipeline, not at the expense of borrowings, the adviser of the company’s president I. Dyomin says. He confirms that the Eastern direction is super-premium now. The premium is $50 per ton in comparison to the western directions, thus it’s in super-demand. He emphasizes that to meet the wishes of all oil companies they have to broaden the capacities, and to hold by 2018 all the measures, planned initially by the end of 2020.
Transneft understands that the oil producers are unlikely to appreciate the initiative for the enlargement of the tariff but has no other way-out. Mr. Dyomin explains that if they use the state funds then the company will return them via the tariff revenue. That’s why the company suggests to presuppose an additional tariff for the ESPO pipeline that will act for exports only. Transneft is concerned that in such case that its oil transporting tariffs via the whole system will be frozen..

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Transneft and Summa can divide Novorossiysk Commercial Sea Port

The main shareholders of Novorossiysk Commercial Sea Port (NMTP) – Transneft and the group Summa – negotiate on new configuration of their joint business. A variant that the pipeline monopoly will own or manage oil loading terminals of the port, and Summa will get dry cargo transshipment terminals is considered among others.
On Thursday, the Head of the pipeline company Nikolay Tokarev told journalists about these negotiations between Summa and Transneft. “Today we together with Summa consider variant where to go from here, because the configuration, which we and our partners in NMTP have, can’t work,” – the ITAR-TASS cites the top manager.

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