Russia Oil and Gas

Rosnedra to hold auctions for 4 hydrocarbon sites in Yakutia and for one in the Volgograd region

Rosnedra will hold auctions for 4 hydrocarbon sites in Yakutia and for one in the Volgograd region, the Service’s press centre reports.

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The second gas field to be launched at Bovanenkovo deposit

In the third quarter of 2014, a gas field №1 will be launched at the Bovanenkovo oil and gas condensate deposit. Today gas field №2 is operated at the deposit.
The gas field №1, which will be launched, includes the first stage of booster compressor station and 60 sub-objects, like flowlines, gas wells pads, approach automotive roads and power transmission lines.

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In Q1, oil production in Mangistau region increased by 3.4% to 4.5 million tons

In Q1, oil production in Mangistau region increased by 3.4% to 4.5 million tons, compared to Q1 2013. Gas yield reduced by 2.1% to 521.7 million cubic m. The main production minerals in the region are oil and gas.

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Up to 45 billion cubic meters of Russian gas may be pumped into European underground gas storages

The Russian gas holding company Gazprom can use European storages to pump contract volumes of natural gas. Thus, the Russian party tries to explain to its Western partners “alternative guarantees” of provision of fuel supplies to European consumers in winter. President of the Russian gas society ,Pavel Zavalny told this variant at the press conference.
“Today, European underground gas storages are only half used, it’s possible to pump 40-45 billion cubic meters of gas more into them,” – Zavalny said.

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Russia will halve oil duties for Belarus

The President of Belarus A. Lukashenko says that Belarus and Russia agreed to reduce customs duties for oil products. Next year a half of the duties transferred to Russia will remain in the budget of Belarus. It will save $1.5 billion for the latter. The second half of the duties will be removed by 2016. Negotiations with Russia also enabled to agree the necessary decisions on oil and gas supplies for a dozen of years ahead. Belarus will receive 23 million tons of oil a year with possible enlargement. This volume is necessary for loading of all oil refineries and oil chemical industry of the state.

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Russia to introduce prepayment for gas, supplied to the Ukraine, from June, 1

Russia will introduce prepayment for gas, supplied to the Ukraine, from June, 1st,the Russian Minister of Energy, Alexander Novak stated.
The term, under which the Ukrainian party was to pay for supplied gas, expired on May, 7th. From March of the current year, there weren’t payments from Naftogaz Ukrainy. To date, the total debt of the Ukraine for gas has reached $3.508 billion.
“According to points 5.1.5 and 5.8 of the gas supply contract dated 2009 between Gazprom and Naftogaz Ukrainy, the non-fulfillment of obligations entails automated transfer to a prepayment mode of gas supplies to the Ukraine from June, 1st,” – Alexander Novak noted.

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The Ukraine has started own oil exports

The Ukraine has started own oil exports for the first time within the last 6 years. Exports are executed by Prilutsky Neftenaliv registered in the Chernigov region. Within the last 2 months, the company exported 20,000 tons of oil for $13 million. The supplies are performed to the Lithuanian oil refinery ORLEN Lietuva. The founders of Prilutsky Neftenaliv are 2 Kiev structures Synthez and Gals-C Ltd. Prilutsky Neftenaliv exports oil extracted by Gals-C Ltd at 8 deposits in the Chernigov region. The company has been operating under the contract for joint operation with Ukrnafta since 1999 owning 51% in the project. Annual production is 40,000 – 50,000 tons. Gals-C Ltd claims that it’s much profitable to export oil, not to sell it in the Ukraine because oil price is usually set in the Ukraine at the special tenders and it’s usually lower than the average global price.

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Negotiations about oil products pipeline between Transneft and the Ukraine have been postponed for May 14

Negotiations about the oil products pipeline between Transneft and the Ukraine have been postponed for May 14, Interfax Ukraine reports referring to the adviser of the president of Transneft. The meeting was postponed under the initiative of the Ministry of Energy of the Ukraine.
Earlier Transneft stopped the started reserving of the oil product pipeline after decision of the appeal instance of the Economic court of the Rovno district.
They were not going to supply diesel fuel from Russia to the terminals of Novograd-Volynsky, Mukachevo and Smyga via the system of Prikarpatzapadtrans. The traders specializing in the channel claim that they are possible only minor transporting within ‘filling up’ of the batches supplied in March, and no new volumes were contracted.

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Ukrnafta stops working in Crimea

According on the order of the chairman of Ukrnafta’s management, Alexei Kush, the largest oil-and-gas-producing company of the Ukraine has stopped working in the Crimea. In particular, the company closed its Crimean subsidiary, which was engaged in th retail trade of all types of oil products and associated goods on the peninsula, and a network of filling stations.

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As of May the 11th of 2014, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 439.6 thousand tons

As of May the 11th of 2014, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 439.6 thousand tons

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