Russia Oil and Gas

Gas deliveries to Germany via Nord Stream ares expected at the end of October – beginning of November

Gas deliveries to Germany via Nord Stream are expected at the end of October – beginning of November, a director of Nord Stream AG, Henning Kothe reported on Tuesday.

“In September the pipeline was filled with technological gas. We expect to reach 70 bar pressure needed to deliver gas to Germany at the end of October – beginning of November”, he said.

The President of United Metallurgical Company CJSC, which supplied the project with pipes, Vladimir Markin said, this would most likely happen on November 8th. Read more »

Exxon plans to obtain first oil from Arkutun-Dagi deposit in 2014

The operator of the Sakhalin-1 project - Exxon Neftegas Limited plans to start drilling at the deposit Arkutun-Dagi in 2013, in 2014 – produce the first oil, the President of the company, J. Taylor said at the conference “Oil and Gas of Sakhalin”.
Yesterday the Government of Sakhalin said the drilling is planned to start in 2014.
At the present time the construction of the objects for the development of the Arkutun-Dagi deposit goes on. The largest in Russia offshore ice-breaking platform Berkut will be installed there.

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Russia and China agreed on gas price. Supplies to South Korea to go up to 12 billion cubic meters

Russia and China have agreed on the price formula for the Russian gas, the deputy chairman of the Management of Gazprom A.Medvedev said, RIA Novosti reports.


The question what the starting point of this formula appliance is left open,” Medvedev said at the forum “Oil and gas of Sakhalin”. Moscow offers to pass to equal earning power of gas price for domestic and foreign consumers in 2015. Read more »

ENI might become a partner of Rosneft

One of the main European partners of Gazprom, the Italian ENI, might start getting into the oil business in Russia. Kommersant has learnt that the company is negotiating with Rosneft on joining the production project at the Shatsky Ridge in the Black Sea. Chevron decided not to participate in this project at the beginning of the year. Rosneft needs it to start working in Libya via ENI, which has a number of assets.
Rosneft and ENI are discussing the possibility of the joint development of the Shatsky Ridge, sources close to the negotiations told Kommersant. Read more »

Governor of NAO: Prirazlomnaya should be followed by new deposits at the shelf of the Barents and Kara Seas, Gulf of Ob

The delegation of the Russian and foreign oil producing companies headed by the Vice Premier of Russia, I. Sechin, and the Governor of the Nenets Autonomous Area, I. Fedorov, visited the offshore ice-resistant platform Prirazlomnaya, the press service of the Governor of the Nenets Autonomous Area reports. 
I. Sechin got acquainted with the process of works at the platform having inspected the housing and production facilities of the unique object. Read more »

Gazprom to raise LNG supplies

This year Gazprom is going to raise LNG supplies 50% to 2.5-3 million tons, F. Barnaud, the CEO of Gazprom Global LNG Limited reports. Last year the company sold 1.872 million tons of LNG equivalent to 2.47 billion cubic m of gas. Less than a half of the volume will be gas from Sakhalin and the rest is supplied from Egypt, Nigeria, Qatar and Australia, plus some volumes re-loaded from the USA. Mr. Barnaud says that their business is flexible because of successful participation in spot tenders and a strong shipping position. Read more »

Analysts: We think it illogical not to offer Eastern Siberian gas to China

The chairman of the Board of Management of OAO “Gazprom” A.Miller and the president of Kogas Choo Kang-Soo signed a “road-map” on the implementation of natural gas supply from Russia to Korea via the territory of the Korean National-Democratic Republic and discussed the matters, concerning practical work organization on its implementation. Read more »

Announcements of European Commissioner on South Stream are groundless

The announcements of the European Commissioner G. Ettinger that South Stream causes problems in the realization of the Southern Corridor on gas supply from Central Asia to Europe by passing Russia are groundless and contradict the earlier position, the deputy chairman of Gazprom A. Medvedev told the Prime agency. Southern Corridor suggests gas supply from Turkmenia to Azerbaijan and then via Turkey by the Trans-Caspian gas pipeline and also the construction of the Nabucco gas pipeline. Mr. Read more »

European Commission has criticized South Stream

Tomorrow in the presence of the Prime Minister V. Putin, Gazprom is to sign a legally binding agreement of shareholders with the participants of South Stream – ENI, EDF and Wintershall – on their joining the project and the warranties of its launch. But  the document is being prepared under pressure from the part of the  European Union. The European Commissioner G. Ettinger called the project to be contradicting the interests of the EU and threatened Gazprom with contract problems if South Stream competes with Nabucco. Read more »

Fitch: Nord Stream to deprive gas operators of the Ukraine and Slovakia of 20% revenue from transit

Fitch expects the launch of the 1st branch of the gas pipeline Nord Stream to lead to the fall of the transit revenue of the gas operators in the Ukraine and Slovakia – Naftogas and Slovensky Plynarensky Priemysel (SPP) – by 20% in 2012, the agency reports.
The filling of the Nord Stream pipeline with process gas started on Tuesday at the compressor station “Portovaya”. 
At the present time the Russian gas is shipped to the Western Europe by 2 routes – via the territory of Belarus and then Poland and also via the Ukraine and then Slovakia, 2/3 of the supplies are done by the 2nd Read more »

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