Russia Oil and Gas

Gazprom hopes to launch South Stream in December 2015

Gazprom hopes to launch South Stream in December 2015, the chief of the company A. Miller says at the meeting with the Premier D. Medvedev. He tells that they have started construction of the onshore divisions of the pipeline in Bulgaria and Serbia. Last year Gazprom extracted 487.5 billion cubic m of gas. Exports to Europe were 162 billion cubic m. The largest transit was performed via the Ukraine, in 2013 it increased to over 86 billion cubic m.

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Gazprom hopes to close 30-year contract for gas supplies to China in May 2014

Gazprom hopes to close 30-year contract for annual gas supplies of 38 cubic m to China in May 2014, the chief of the gas monopoly A. Miller says. On January 29, the Deputy Chairman of Gazprom Management Board A. Medvedev told that the chances for closure of the gas supplies contract with China are very high. The resource base for the supplies will be the East Siberian deposits.

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Preparation for infrastructure construction starts at the Messoyakh group of fields

The mobilization of service drilling companies, as well as delivery of equipment and materials for the construction of the main infrastructure facilities, which are necessary for the field development, have been started at the Messoyakh group of fields. As the delivery of cargo to the building site is possible only in winter, their transportation is carried out after the construction of winter roads, Gazpromneft’s press centre reported.
In 2014, works on preparation for construction of a central gathering station, gas-turbine station, oil pipeline with length of about 100 km and point of commercial measurement and oil delivery to the main pipeline system Zapolyarie-Purpe will be carried out at Messoyakh. These facilities are scheduled to be launched at the end of 2016.
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The West unable to reject Russian oil

Morgan Stanley investment bank has published their research claiming that it’s impossible to introduce an embargo for Russian oil. Russia exports 2.7 million barrels of oil every day to the West, and the global market has nothing to substitute it.
The research tells that even if the USA and the EU reject Russian oil, the state will just redirect the extracted volumes to China and other Asian states. The Admission of the resolution of the UNO Safety Council about prohibition of oil purchase in Russia isn’t either possible because Russia has the right of veto.

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Gazprom confirms receiving of the payment for gas from the Ukraine

Gazprom continues receiving of the payment for gas from the Ukraine despite partial delays in the payments, a participant of the London presentation of the holding says. He adds that the Ukraine is eager to get uninterrupted transit in its turn.
Gazprom thinks that some interruption in deliveries to Europe is possible in connection with the situation in the Ukraine.
Earlier the Minister of Energy of the Ukraine Y. Prodan said that the Ukraine was going to pay to the Russian Gazprom $400 million of $1.5 billion of the debt.

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On March 5, Gazprom Neft Board of Directors will agree the nominees for election to the new composition of the Board

On March 5, Gazprom Neft Board of Directors will agree the nominees for election to the new composition of the Board. They will also discuss the agenda of the common shareholders meeting.

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In 2014, Glencore may enter Russneft’s capital, converting a part of its debt into shares

In 2014, Swiss raw material trader Glencore may become a shareholder of Russneft, converted a part of its debt – at least $900 million – in the company’s shares, Glencore’s accounting reports.

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Rosneft negotiates with Vitol and BP about new contracts on a pre-paid basis

Rosneft negotiates with Vitol and BP about the new long-term contracts on a partially pre-paid basis. Vitol can provide advanced payment at a rate of $2 billion. Vitol and ВР refused to give any commentaries. Continuing the work on transition to the long-term contracts for oil and petrochemicals exports started in 2013, they elaborate 2 transactions now with the companies reputable as the reliable partners. The work on coordination of the main terms began in the end of 2013, and goes on simultaneously, with no preferences to any of the sides.

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As of March the 3rd of 2014, the volume of daily production of natural gas in the Russian Federation made up 1 945.2 million cubic meters

As of March the 3rd of 2014, the volume of daily production of natural gas in the Russian Federation made up 1 945.2 million cubic meters

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On March 3, the daily oil and gas condensate output was 1.4375 million tons in Russia

On March 3, the daily oil and gas condensate output was 1.4375 million tons in Russia, the Central Dispatch Department of the Fuel and Energy Sector reports. Production was 552,500 tons in Rosneft, 237,500 tons in Lukoil, 167,600 tons in Surgutneftegaz, 136,500 tons in Gazprom Neft, 72,500 tons in Tatneft, 45,700 tons in Bashneft, 55,500 tons in Gazprom and 23,500 tons in Russneft.
Translated by Nadezhda Poltoratskaya
Source:   http://angi.ru/news.shtml?oid=2810216

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