Gas

Russia and Japan negotiate about oil deposits development

The Japanese oil company INPEX and the Russian state corporation Rosneft will hold joint development of an oil deposit in the Okhotsk Sea. Cooperation between Russia and Japan has been performed for the first time after 18-year pause. The Japanese side regards broadening of raw oil suppliers number as a large heel to the Middle Eastern suppliers. Enlargement of the share of supplies from Russia can simplify negotiations about prices with other oil states.

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Gazprom to start negotiations with future purchasers of LNG project in Vladivostok

Gazprom has started commercial negotiations with future purchasers of the liquefied natural gas (LNG), produced within the Vladivostok LNG project, the company’s Deputy Head Andrei Kruglov reported.

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In Q1, KazTransOil gained net revenue of 16.7 billion tenges

In Q1, KazTransOil gained net revenue of 16.749 billion tenges, by 55% more than the planned and by131% more than in Q1 2012. Consolidated net revenue was 20.3227 billion tenges, by 61% more than the planned and by111% more than in Q1 2012. Consolidated oil transporting and transshipment was 16.947 million tons, by 2% more than in Q1 2012. Oil transporting independently in KazTransOil JSC  was 13.509 million tons, the same as in Q1 2012. Consolidated oil commodity circulation was 11.283 billion ton*km, by 11% more  than in Q1 2012.

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Gazprom completes transaction on the acquisition of Kamchatgazprom

Gazprom has completed the transaction on acquisition of Kamchatgazprom, the gas company’s press center reports.
“92.25% of shares of Kamchatgazprom were transferred to the Gazprom’s personal account in the register of this company’s stockholders; earlier they belonged to Rosneftegaz,” – the report says.

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Russian monopoly was not slow to remind about a key principle of gas business

The principle of long-term gas agreements “take-or-pay” is a basis of gas business, the deputy head of Gazprom A.Medvedev said.
“It is possible to guarantee stable and safe supply of natural gas to consumers where there is long-term contracts, including “take-or-pay” terms,” Medvedev said.
According to him, spot price increases and it will exceed the cost on long-term contracts soon.

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Gazprom not afraid of “the shale bubble” in Europe

Gazprom believes in the prospects of European market for Russian pipeline gas and says, shale gas from the USA will be too expensive to be a good competitor, top managers of Russian gas holding claimed at international forums in Brussels and Amsterdam on Thursday.
Europe is the main consumer of Russian gas, though last year the purchases reduced due to the economic crisis. In 2012 Gazprom reduced gas export to Europe by 7.5% - to 138.8 billion cubic metres.
Nevertheless, in April the Head of Gazprom Aleksey Miller claimed, this year Gazprom is going to export more than 150 billion cubic metres (the level of the previous year) to Europe.
“We have no doubt that Europe will need additional gas… We are ready to supply as much as Europe needs or wants”, deputy Head of Gazprom Alexander Medvedev said at the international energy conference in Brussels.

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Gazprom can obtain access to OPAL

There is some progress in the longstanding argument between Gazprom and the European Commission about the access to the full capacity of the eastern branch of Nord Stream Trans-Baltic gas line – OPAL. The regulatory authority can free Gazprom from the Third Energy Package for 22 years. Russian party hopes to complete the negotiations by the end of June and obtain 100% of the pipe by the end of the year. However, experts believe, operation of OPAL will be more expensive than deliveries via Ukraine and can reduce the revenues of Gazprom.
Yesterday,the  Director of European Commission for Energy Philip Lowe reported, Gazprom can obtain preferences for OPAL gas line for 22-year period. During this term the Third Energy Package which doesn’t allow the monopoly to fill the pipe by more than a half won’t be applied to Gazprom. General Director of Gazprom Export Alexander Medvedev confirmed there appeared some progress. “I believe, common sense prevails and we’ll be able to use OPAL facilities to supply our consumers under the contracts signed before implementation of the Third Energy Package”. As told by Medvedev, the company expects the full access to the pipe by the end of the year.

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As of May the 29th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 434.9 thousand tons

As of May the 29th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 434.9 thousand tons

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Chernomorneftegas increases forecast of gas production in 2013 to 1.85 billion cubic meters.

The Ukrainian company Chernomorneftegas has reviewed its forecast of the increase of the natural gas production on shelf of the Black and Azov Seas in the current year – the annual production may grow to 1.85 billion cubic meters, the company reports on Thursday.
“If all the approved measures are fulfilled, the annual production is expected to be at the level of 1.850 billion cubic meters instead of planned 1.649 billion cubic meters,” – the report says.

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In 2013, Gazprom is going to get access to OPAL pipeline capacities

In 2013, Gazprom is going to get access to OPAL pipeline capacities for gas supplies under the contracts closed before coming into force of the Third energy package, the Deputy Chairman of Gazprom A. Medvedev says at the Eight international conference ‘Energy Dialogue: Russia – the EU. Gas aspects’.

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