Mitsubishi

Court to consider Rosneft’s cassation on access to pipeline on Sakhalin

On Wednesday, the Arbitration Court of the Far Eastern District (Khabarovsk) will consider the cassation appeal of the largest Russian oil company Rosneft to acts of the lower courts, which rejected its claim to the operator of the Sakhalin-2 project the company Sakhalin Energy (50% plus one share belong to Gazprom) for access to the gas pipeline, owned by the project.
Rosneft, which is a part of the consortium of the Sakhalin-1 project, planned to use the pipeline to transport up to 8 billion cubic meters of gas per year from its fields in the north of Sakhalin to a gas liquefaction plant, which Rosneft and its partners, such as ExxonMobil, are going to build in the south. Sakhalin Energy stated about the absence of spare capacity to transport gas of the plaintiff.

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Gazprom and Mitsubishi have considered perspectives of cooperation development in the sphere of LNG

​Gazprom and Mitsubishi (Japan) have considered the perspectives of cooperation in the sphere of LNG, Gazprom reports.
The parties discussed the main issues of cooperation in the gas sphere. It was about the perspectives of development of cooperation in the sphere of LNG, including in the framework of the Sakhalin-2 project.
Mitsubishi Corporation specializes in the production and sale of various products – from textile to cars and equipment; managerial consulting; attraction of modern technologies, organization of financing and coordination at the realization of projects.
In 2009 in the framework of Sakhalin-2 the first in Russia LNG plant was put into operation with the project capacity of 9.6 mln tons of LNG a year. The operator of the project Sakhalin-2 is Sakhalin Energy.

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GNS requests 26.6 billion roubles for the construction of acrylates complex.

Bashkir company "Gazprom Neftekhim Salavat" (GNS), one of the largest Russian petrochemical producers, had applied for the allocation of 26.6 billion roubles from the National Welfare Fund (NWF), to finance the project for the construction of the complex of acrylic acid and acrylates in Bashkiria, the source familiar with the company's plans told the Interfax.
The project cost is estimated at 38.9 billion roubles. The company is ready to invest 10.2 billion roubles of its own funds, to loan another 2.1 billion roubles, and the rest it wants to attract from NWF. This limit on the co-financing of the NWF is 40% of the total project cost (15.6 billion roubles for the project).

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Decision on the expansion of the LNG-plant might be taken in August

The decision on the expansion of the LNG plant within the framework of “Sakhalin-2”, which considers the development of two shelf deposits (Piltun-Astokhskoye and Lunskoye) can be taken in August, A.Novak the Minister of Energy asserted, RIA Novosti reports.
According to him, the final project documentation (FEED) will be ready by the end of summer. In August, Gazprom will be able to say about the terms when FEED of the project will be ready,” said Novak.

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The operator of "Sakhalin-2" compensates the RF 3 billion roubles royalty.

The company Sakhalin Energy, the operator of the "Sakhalin-2" project, after the audits carried out by the Accounts Chamber of the Russian Federation repaid 3 billion roubles for underpaid royalties for 2011-2013, according to the report of the Accounting Chamber for 2014.
"The audit found that the results of previously conducted by the Chamber of Accounts audits on the implementation of the PSA in 2011-2013 the operator of the "Sakhalin-2" project recovered the amount of royalty to the government worth 3 billion roubles", - the report informs.

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FAS has initiated a new case against Gazprom for not allowing Rosneft to access Sakhalin-2 FTS

FAS has initiated a case against Gazprom for violation of the antimonopoly law in non-allowance of Rosneft to Sakhalin-2 FTS. The representative of Gazprom should appear to FAS on December 9 under the fact of the violation and for signing of the protocol about the administrative case.

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In H1 2014, Sakhalin Energy increased net profit by 36% by ISA

In H1 2014, Sakhalin Energy, the operator of Sakhalin-2 project increased net profit by 36% to 60.342 billion rubles by ISA.
Revenue increased by 29.7% to 150.405 billion rubles.
The shareholders of Sakhalin Energy are Gazprom (50%), Royal Dutch Shell (27.5%) and Mitsui (12.5%) and Mitsubishi (10%).
In February 2009, they launched within the bounds of the project the Russian first LNG plant with the projected capacity of 9.6 million tons annually.
billion rubles
Translated by Nadezhda Poltoratskaya

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LNG exports rose 0.2% over 8 months to make up 9.6 bln cubic m

The LNG exports over 8 months rose 0.2% and made up 9.617 bln cubic m.
In August the LNG supplies made up 1.1 bln cubic m, by 3.3% lower than in August 2013.
Currently the only LNG exporter from Russia is Sakhalin Energy.

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Rosneft to obtain access to gas pipeline on Sakhalin

The conflict of Rosneft and Gazprom around the Trans-Sakhalin gas pipeline has been be resolved peacefully. As the Kommersant has got to know, the monopoly agreed to allow Rosneft access to the pipe in principle - now the both sides are only waiting for the official announcement. An indirect confirmation of this is the postponement of consideration of the relevant claim of the oil company and the FAS’ proceedings on this issue to a month.
Yesterday, the Commercial Court of the Sakhalin region postponed consideration of the Rosneft’s claim to Sakhalin Energy (operator of the Sakhalin-2 project and the owner of the Trans-Sakhalin gas pipeline) for access to the gas pipeline, delayed the hearing to September 10th. The formal reason became the request of the Sakhalin Energy, whose representative argued that the lawsuit wasn’t accompanied by required documents and it prevented the defendant to prepare a reasoned stand. FAS, which in mid-July issued a warning to Sakhalin Energy about its violation of the legislation and demanded it

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In 2013, Sakhalin Energy reduced oil production by 1.8%

In 2013, Sakhalin Energy, the operator of  Sakhalin 2 project reduced oil production and dispatch from the Prigorodnoye terminal by 1.8% to 5.4 million tons. LNG yield was 10.8 million tons compared to 10.9 million tons the year before. Last year Sakhalin Energy dispatched LNG to Japan, Korea, and Taiwan. The company transferred to Russia as royalty 1.439 billion cubic m of gas compared to 1.105 billion cubic m in 2012.

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