Russia Oil and Gas

In 2012, Sakhalin Energy to supply 16 additional shipments of LPG to Japan

In 2012, Sakhalin Energy, the operator of the Sakhalin-2 project, will supply 16 shipment of LPG, produced at the only Russian LPG plant, in excess of a plan to Japanese electrogenerating gas companies, Governor of the Sakhalin region Alexander Khoroshavin reported at the conference “Oil and gas of Sakhalin”.

He explained that the volume of each standard shipment is 145 thousand cubic meters. In 2011, 11 additional shipments of Sakhalin LPG were supplied to Japan. Read more »

Sakhalin Energy to deliver 16 extra lots of LNG to Japan in 2012, governor

Sakhalin Energy, the operator of Sakhalin-2, will supply 16 additional lots of liquefied natural gas, produced at the only LNG plant in Russia, to the Japanese electro-generating gas companies in 2012. The governor of the Sakhalin region A.Khoroshavin said about it at a conference “Oil and Gas in Sakhalin”.  There has been delivered 11 extra lots of Sakhalin LNG to Japan in 2011. Read more »

Japan is about to increase gas and oil purchases from Russia

Japan maps out to increase the purchases of oil and gas from Russia. It is due to the fact that Japan has decided to turn away from nuclear-power engineering completely, the Minister for Economics, Trade and Industry H.Ando asserted. Radio station “Eho Moskvy” reminds, the country has demanded the stopping of nuclear power plants after the accident at a nuclear power plant “Fukusima”. Japan faces a fresh problem – where to take the funds for a purchase of energy products. There has arisen budget deficit for the first time in 30 years. Read more »

Gazprom: Gas deliveries to APR to exceed the deliveries to Europe

Gazprom Plc. believes, the deliveries of gas to APR can exceed the deliveries to Europe in the near future, thus the company is going to hasten the realization of the Eastern gas program, Aleksey Miller said. Read more »

Gazprom welds the second line of Nord Stream

The last joint of the second line of Nord Stream is welded at Portovaya Bay, the press service of Gazprom reports. The last joint connects the sea sector of the second line of the gas pipeline with the coastal sector and land infrastructure at the Russian coast in Portovaya Bay near Vyborg. The filling of the second line with technical (buffer) gas will start in several days, this is the last step before its putting into operation. Gas deliveries to Europe via the second line of Nord Stream will start in Q4, 2012. Read more »

Nord Stream looks to Finland and Estonia for pipeline branches

Nord Stream AG consortium has made the first steps towards the laying of extra gas pipeline branches from Russia to Europe. After filing a petition on investigations in the waters of Finland the company has addressed a similar application to the government of Estonia. But if Finland is loyal to the project, it will be quite difficult to get permission from Estonia. In 2007 the country refused Gazprom a similar request. But since that time Estonia has got a discount and Gazprom thinks it has a chance of a favourable decision. Read more »

India is about to join to the development of the Russian Arctic shelf

Indian “OVL” plans to take part in the production of oil at the Russian shelf in the Arctic. OVL, an investment subdivision of the largest Indian oil-and-gas company “Oil and Natural Gas Corporation (ONGC)”, negotiates on its participation in one of the projects of Rosneft. American “ExxonMobil”, Italian “ENI” and Norwegian “Statoil” also take part at the project, RIA PrimaMedia states, citing Indian newspaper “Times of India”. Read more »

Gazprom reduces export of gas to Europe by 17% in the first half of the year

In the first half of the year Gazprom Plc. reduced export of gas to Europe by 17% - to 71.93 billion cubic metres (from 86.6 billion cubic metres in the first half of 2011), is said in the company’s RAS report. The data about the first half of 2011 was specified in the company’s IAS report for that period. Read more »

Gazprom loses its monopoly, production and export sales are falling

Gazprom has lost its monopoly for the gas exports. A part of the Russian gas to Germany will be shipped not by the largest gas holding Gazprom but Novatek.

Though Gazprom was has lost part of the  German market its not that much, nevertheless it has happened, and beginning with Q4 2 bln cubic meters of gas will be annually shipped to Germany by Novatek. The contract is signed for 10 years. The value  of the contract is assessed at around $600 mln a year and could be up to $10 bln for 10 years. Read more »

Eni postpones the launch of the Arctic project

One of the first oil deposits of the Arctic, being prepared for putting into industrial operation, will start working not earlier than Q1 2014, the company-operator Eni said initially it was planned to start the oil production at the deposit in Q4 2013.

The delay is due to the fact that the production platform is not ready, it is being constructed at the dry dock of Hyundai Heavy Industries, Eni reports.

The project has faced the difficulties, the company assumes.

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