Gas

In February, German gas for the Ukraine was 8% cheaper than Russian gas

In February of 2013, the Ukraine imported gas from Germany for $390 per 1 thousand cubic meters that is  8.5% or by $36.19 per 1 thousand cubic meters less than the price of gas, delivered from Russia - $426.19 per 1 thousand cubic meters, the Ukrainian State Statistics Service reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Export oil supplies through Kozmino not to decrease

The price formula of Russian oil supplies to China takes into account the spot price in the port of Kozmino and amounts of supplies in this direction, the Deputy Minister of Energy Anatoly Yanovsky reported to journalists, as the Business-TASS transmits.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Zhaukmunai is going to perform a buy back of its GDR for the sum up to $50 million

Zhaukmunai, engaged with oil and gas production in North-Western Kazakhstan, is going to realize a program for  the buying back of its GDR for a sum up to $50 million. The program is planned in connection with strong financial state of the company, concerning its considerable ability to generate financial flows. Besides from that, the company states that the current prices for GDR are a large discount versus their fair price. The program starts after publication of non-audited consolidated accounting of the company for Q1 2013.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Egypt asks Russia to help with gas supplies to Europe and invites Russian companies to its fields

Egypt has asked Russia to organize swap-supplies of gas to Europe and to help to fulfill Egyptian’s obligations to European consumers. Besides, Cairo invites Russian gas and oil workers, in particular Gazprom, Novatek, Gazpromneft an Lukoil, to participate in the development of Egyptian oil and gas fields, including offshore ones.
Negotiations between Russian President Vladimir Putin and Egyptian President Mohammed Mursi took place in Sochi last Friday. The parties discussed - among others - issues of cooperation of two countries in the power engineering. Visit of Egyptian Minister of Oil and Natural Resources Osama Kamal, who was in Russia in the previous week, anticipated these negotiations.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

As of April the 21st of 2013, the volume of daily production of natural gas in the Russian Federation made up 1 823.2 million cubic meters

As of April the 21st of 2013, the volume of daily production of natural gas in the Russian Federation made up 1 823.2 million cubic meters

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Lukoil and KazMunaiGas to ask to prolong terms of termination of associated gas flaring

Lukoil and KazMunaiGas ask to prolong terms of termination of associated gas flaring, the Minister of Oil and Gas Sauat Mynbaev reported at “government hour” at Majilis of the Kazakh parliament.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In Q1, NLMK makes a net loss of 300 million rubles

In Q1, NLMK made a net loss of 274 million rubles compared to 3.4 billion rubles of net profit for Q12012 by RAS. The negative result is explained by fall in sales profit.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

LNG export monopoly of Gazprom to be ended by the summer

By July the Ministry of Energy will develop the legal changes making it possible for independent producers of LNG to enter external markets.
The project of the Ministry of Energy aimed at gradual removal of legal limitations of LNG export has been governmentally approved and submitted to the Presidential Administration. A source in the government reports, all necessary documents allowing independent LNG producers to external markets will be prepared by the middle of summer. Gazprom is against the decision and believes, the matter is not yet resolved.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

“Shale revolution” will backfire on “Gazprom”

The gas price for the Russian manufacturers will be defined by both export prices of “Gazprom” and gas price on the markets of Europe and the USA since 2016. This is the forecast of social-economic development of Russia for 2014 and 2015-2016 of the Ministry of Economic Development and Trade, RBK Daily writes.
The current spot gas price on the American Henry Hub makes up $157 per 1 thousand cubic meters, while on the British National Balancing Point it makes up $363 per 1 thousand cubic meters. An average price of the Russian gas in the non-CIS countries makes up about $400 per 1 thousand cubic meters.

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 and Turkey are ready to consider an increase of supplies via the “Blue Stream” pipeline

Russia and Turkey are ready for the development of cooperation in gas exports and the increase of gas supply from Russia to Turkey. It is said about in the protocol, following the results of the 12th meeting of the intergovernmental committee, which took place in Antalya under the chairmanship of the Ministries of Energy of Russia and Turkey, A.Novak and T.Yuldyz.

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