Gas

Shebelinsk gas-processing plant to resume processing of raw materials

The Shebelinsk gas-processing plant (a part of Ukrgasdobycha) has resumed processing of raw materials after planned repairs, a source in the company reported.
“In the recent two weeks, we did all planned works, including change of catalyzators in gas fractioning installations,” – the interlocutor noted.

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In 2014, Beltransgas may buy 23 billion cubic meters of gas from Gazprom for $4.3 billion

Gazprom’s shareholders are to approve 85 interested-party transactions at the annual meeting on June 28; one of the largest one is a contract on purchase of 23 billion cubic meters of gas by Gazprom transgas Belarus from Gazprom for $4.255 billion in 2014, the meeting’s documents say.
According to the contract, approved at the previous meeting, in 2013 Gazprom transgas Belarus may also buy 23 billion cubic meters for $4.1 billion. According to the contracts that are presented to Gazprom’s shareholders for approval, in 2014 Beltransgas will render services on gas transit in the amount of not more than 50 billion cubic meters through Belarus (in 2013 – not more than 60 billion cubic meters). Gazprom must pay for gas transportation via the main gas pipelines to the maximum amount of $600 million.

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The Ukraine to negotiate with Romania on reverse gas supplies

The Ukraine that depends on import of Russian gas has negotiated with Romania on reverse gas supplies through its territory, the Naftogas Ukrainy’s Deputy CEO Vadim Chuprun reported to journalists on Monday.
The Ukraine has been trying to review gas contracts with Russia for several years, considered that the price is overstated and the contracts are shackling. In these conditions the country is searching for alternative sources of supplies.

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Russia burns associated oil gas worth Euro 50 billion annually

Global torch burning of associated oil gas shares 30% in current consumption in the EU and 75% in Russian gas exports. It promotes the emission of over 400 million tons of carbon dioxide annually. If the whole associated oil gas was utilized instead of burning, its market price would be Euro 50 billion annually. The reduction in associated oil gas burning is the main challenge now in oil and gas production.

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Iran to continue to supply gas to Armenia

The Iranian gas export company has disproved information on termination of Iranian gas export to Armenia.
The company states that supplies of Iranian gas to Armenia are continued in normal mode and make a special emphasis on the fact that the contract of gas supplies from Iran in exchange of electricity from Armenia was signed for 20 years. A special mechanism was determined to annul this bilateral document or change its terms, but Armenian Authorities haven’t made any requests for termination of gas supplies or to decrease them.

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Gazprom has taken off all fines for incomplete gas collection

Gazprom has taken off all fines for incomplete gas collection, removing take-or-pay practice, and making less tough the terms of daily and monthly gas collection. However, still, it’s more advantageous for the energy producers to work with independent suppliers, able to reduce prices.
Since 2013, Gazprom Mezhregiongaz revised all contracts with the clients, fully taking off all fines for incomplete gas collection, i.e. removing take-or-pay practice.

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In May, Gazprom increased gas supplies to Europe by 16.2%, having fixed the three-month tendency in growth in exports to far abroad

In May, Gazprom increased gas supplies to Europe by 16.2%, having fixed the three-month tendency in the growth in exports to far abroad, the Central Dispatcher Department of Fuel and Energy Sector reports. In April, exports to Europe were 9.407 billion cubic m.

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As of June the 2th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 428.8 thousand tons

As of June the 2th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 428.8 thousand tons

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Russia has increased oil production to a record level

In May 2013, the average daily oil production increased by 0.1% to 10.48 million barrels a day in Russia, setting a record due to Rosneft, the Ministry of Energy reports. The total production in May remained at the level of April, at a rate of 44.328 million tons. Gas yield declined by 9% versus April, due to a decline in production in Gazprom, that suffered from weak seasonal demand.
Daily production in Rosneft increased by 0.15% due to growth in production at the recently launched Vankor deposit in Eastern Siberia. It increased in BP-TNK by 0.4%.

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E.ON disproves the statement about termination of the Russian gas delivery contracts

German energy concern E.ON disproved the information about possible termination of Russian gas delivery contracts, Bloomberg reports with reference to the press secretary of the energy company Carsten Thomsen-Bendixen.

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