Russia

In 2013-2016, Surgutneftegaz is going to invest 73 billion rubles to Eastern Siberia

In 2013-2016, Surgutneftegaz is going to invest 73.4 billion rubles to Eastern Siberia, the chief geologist of the company V. Chirkov says at the session of the public council of the Ministry of Natural Resources and Ecology. Geological exploration will share 30% of the volume. In 2004-2012, capital investment to Eastern Siberia was 150 billion rubles, including 142 billion rubles to Yakutia. Currently the company prepares 5 deposits in Yakutia with total annual oil production of 7.2 million tons.
Translated by Nadezhda Poltoratskaya       

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Will Rosneft replace Novatek in gas supplies to Nyagan GRES

Rosneft is going to supply gas to Nyagan GRES. The plant was officially launched on September 24th 2013, the Governor of Yugra, N. Komarova says. She does not state the precise volume of  supplies but confirms  the agreement in principle. This announcement intrigues: Nyagan GRES is fully provided by Novatek that closed in August 2012 the long-term contract for gas supplies with Fortum.
On September 24th, the President of Russia Putin and the President of Finland S. Niiniste participated in the launch ceremony of the Nyagan GRES constructed by Fortum. The first energy block with capacity of 420.9 MW was built and launched in commercial operation in April 2013. Siemens made the major part of equipment of the first energy block, including the gas and steam turbines and the generator.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Novatek and CNPC will close transaction on Yamal LNG before December 1

Novatek and CNPC will close transaction on Yamal LNG before December 1st, the chief of Novatek, L. Mikhelson says. At the beginning of September, Novatek and CNPC signed the binding agreement about entrance of CNPC into the Yamal LNG project. The contract for cooperation within the project was closed within the bounds of the St. Petersburg International Eeconomic Forum. The document presupposes the closure of a long-term contract for supplies to China of at least 3 million tons of LNG annually. The contract also binds CNPC to actively participate in attraction of external financing by Chinese financial institutions.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

New capacities of Kirishi oil refinery can be launched before the end of the year

The chief of Surgutneftegaz V. Bogdanov says that the new capacities of the Kirishi oil refinery can be launched before the end of the year. They expect that the acceptance commission approval at approximately the 15th of  October. The company will remove any possible defects reported  by the state commission.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

TMK is going to place at MICEX 10-year bonds for 20 billion rubles

MICEX has included TMK’s for 20 billion rubles to the pre-qualification list of securities, MICEX and TMK report. They do make public the date of the start of bonds placement as yet. The TMK press office says that TMK has completed the elaboration of the instruments as  bonds. It will give an opportunity to rapidly get the necessary financing in the case of a favorable state of affairs.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rosneft’s Board of Directors agrees the granting of a credit of 61.2 billion rubles to Itera

Rosneft’s Board of Directors agrees the granting of a credit of 61.19 billion rubles to Itera NGK. The credit will be granted for the financing of investment activity for 3 years. The total transaction sum including interests is 79.55 billion rubles.
At  the beginning of July, Rosneft consolidated 100% in Itera NGK, having bought out 49% from Itera Holdings Limited for $2.9 billion. The transaction on  thepurchase of 51% in Itera NGK was closed in August 2012.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom Neft and Novatek are also negotiating about buying out of Enel share in SeverEnergia

Gazprom Neft and Novatek are also negotiating about the buying out of Enel's share in SeverEnergia, about purchase of which Rosneft has agreed, the co-owner of Novatek, G. Timchenko claims.
On Tuesday, Rosneft reported that it has agreed with Enel about purchase of 40% in Arctic Russia B.V., which will provide indirect ownership of 19.6% in SeverEnergia Ltd.The amount of the transaction is $1.8 billion. The deal will be completed after the approval by the regulatory authorities. Rosneft’s subsidiary Itera is the acquirer of the shares. It is the center of gas assets’ consolidation as a part of Rosneft.
Mr. Timchenko claims that they have suspensive conditions, according to the data presented in Rosneft’s announcement. Gazprom Neft and Novatek hold 51% in SeverEnergia, that’s why it’s reasonable to enlarge their shareholding. They have held negotiations for long and Rosneft’s transaction can fail in his opinion.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Bovanenkovo capacity will reach 140 billion cubic m a year

The projected capacity of the largest  Russian  North-Western deposit of Bovanenkovo will reach 140 billion cubic m a year, the Governor of Komi, V. Gaizer says. The projects for the construction of the transporting pipelines Bovanenkovo – Ukhta and Ukhta – Torzhok are one of the largest and most complicated in the gas sector's history.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rosneft to launch LINIK in the beginning of 2014

Rosneft is going to launch LINIK in the beginning of 2014, the Ukrainian News reports referring to an informed source. The Russian side continues blocking pipeline oil supplies to Kremenchug oil refinery belonging to Ukrnafta in the Poltava region.
Lisichany oil refinery was stopped in March 2012. The Ministry of Energy and Coal Industry of the Ukraine forecasts that the plant will start operation not earlier than February or March 2014.
Translated by Nadezhda Poltoratskaya       

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russia is going to take 20% of the world LNG market by 2030

Russia is about to increase hydrocarbon production and develop LNG projects. It is going to take the 20% of the world liquefied natural gas production volume, the deputy Minister of Energy of the Russian Federation K.Molodtsov said at the conference, which takes place in Yuzhno-Sakhalinsk.
“Russian Federation is the largest world power in gas resources (21% of the world reserves). It produces about 19% of the world gas volume and carries out part of gas export. Russia is also interested in taking a leading position in the LNG market,” he said.
“The government and state-run companies are aimed at the active expansion of projects on gas liquefaction. Our target at 12-13% by 2030 is to reach 20% on the world LNG market,” the deputy Minister said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer