Russia Oil and Gas

Gazprom obtains Azerbaijani alternative to Russian gas deliveries

Implementation of South Gas Corridor considered the alternative to Russian gas deliveries has started. The shareholders of Shakh-Deniz made their final investment decision about the second stage of the project which will help to supply South Europe with 10 billion cubic metres of gas per year by 2019. However, the growth of the costs scares away European companies. Statoil was the first. It rejected entering the gas transportation network and reduced its share in future extraction, Kommersant reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russian oil companies reach Montenegro

Novatek may start its first international project on gas extraction on shelf: the company plans to participate in tender for survey and development of offshore sites in Montenegro together with the Italian company Eni. Gazpromneft also displayed interest in these sites. Subsoil reserves are unlikely to be very high here, but Montenegro is situated near the main increasing sale markets, the Kommersant writes.
Novatek considers possibility to cooperate with Eni during development of Mediterranean shelf of Montenegro, Lebanon and Cyprus, the company’s head Leonid Mikhelson reported yesterday. He recalled that the corresponding memorandum with Eni was signed at the end of November. At the same time, Mikhelson noted that the parties “made a rather good progress in issue on joint participation in projects on Montenegrin shelf”. As for projects in Lebanon, according to him, there is only preliminary agreement. And when all these issues are resolved, Novatek and Eni will consider cooperation in Cyprus too.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rosneft and ExxonMobil establish a JV for development of problematic oil reserves in West Siberia

Rosneft and ExxonMobil founded a JV to fulfill experimental and industrial development of hard-to-get oil reserves in Western Siberia in the framework of the strategic cooperation agreement. The shares of Rosneft and ExxonMobil in the enterprise are 51% and 49% respectively.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gas discount for the Ukraine is profitable for Gazprom

Experts of the Rossisykaya gazeta think that reduction of the Russian gas price for the Ukraine will help the Russian gas corporation to earn.
When the price of 1 thousand cubic meters of natural gas falls from $400 to $268.5, the Ukraine is very likely to increase the purchases. It will begin to import it in volumes, determined in the contract with Gazprom, the Fund of Energy Development’s Director Sergei Pikin stated.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Putin gives Ukraine $15 billion and a gas discount

Ukrainian President Viktor Yanukovich conducted the negotiations with Russian President Putin and managed to obtain the gas price lower than average European and $15 billion from the National Welfare Fund of the RF. Ukrainian entering the Customs Union was not discussed, Putin said.
Ukrainian party claimed it was going to reduce the gas price to average European, though the final discount exceeded the expectations. Vladimir Putin reported that the signed agreement let Gazprom sell its gas to Ukraine for $268.5 per thousand cubic metres. This is almost 35% less than current price which reached $410 in Q4 and almost 30% less than the average European price (currently Europe buys Russian gas for $390 on average, including $100 for transit via the territory of Ukraine).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Sechin doesn’t plan to sell Lisichansk refinery to the Ukraine

Rosneft doesn’t plan to sell the Lisichansk refinery in the Ukraine, the RIA Novosti reports, referring to the company’s Head Igor Sechin.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In November, oil and oil products transportation via Russian Railways reduced by 4.7%

In November of 2013, oil and oil products transportation via Russian Railways reduced by 4.7% as compared with the same period of the last year and made up 23.167 million tons, the Prime transmits, referring to Russian Railways.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Lukoil introduces new methods of projects management

Lukoil-Nizhnevolzhskneft (100% subsidiary of Lukoil) has been awarded with prize “Best of the Best” of the Canadian company RLG International, which estimates projects all over the world from the point of view of the best achievements, return on investments and stability of results every year, the company’s press centre reported.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rosneft and Lukoil to discuss joint projects with the United Arab Emirates

Rosneft and Lukoil will discuss joint projects with the United Arab Emirates, the Head of the Russian Ministry of Economic Development S.Belyakov reported.
“We traditionally cooperates in the energy sector, but I think this is not the only sector in which such cooperation will develop. As for this sector, I think that joint projects with our state-owned companies, like Rosneft, and private companies, like Lukoil, will be considered now. These projects may be in the territory of the United Arab Emirates or in Russia, even in the third countries if to discuss possibility of joint investments,” – S.Belyakov said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

30-year contract of Gazprom and China may be signed before February

Contract of Gazprom and China on supply of natural gas during 30 year is almost ready; it may be signed before February of 2014, before Chinese New Year. This was told by the Head of the Russian corporation Alexei Miller, who noted that only issue of price must be resolved, the ITAR-TASS transmits.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer