Metals and mining, Japan Oil and Gas
In the framework of the official visit of the Kazakhstani President to Japan on November 8th there was a meeting of the Minister for Investment and Development of Kazakhstan Zhenis Kasymbek and cha
"Inter RAO" and "RAO ES Vostoka" build export plans.
State Company "Inter RAO" and "RAO ES Vostoka" are trying to promote alternative Sakhalin - Japan export energy bridge construction. The project of "Inter RAO" is larger: the company wants to build up to 3 GW of new coal and gas generation. "RAO ES of the East", by contrast, intends to load its existing units and build no more than 1 GW of thermal power plants for export. But both projects look hypothetical: no project operators or investors are identified, large deliveries are possible only with laying power lines to the island of Honshu.
According to customs statistics, in January-June 2015, foreign trade turnover of Russia made up $270.7 billion and it decreased by 32.6% in comparison with January-June 2014. The trade balance showed a surplus of $95.3 billion, which is by 16.7 billion less than in January-June 2014.
In January-June 2015, the export of Russia amounted to $183.0 billion, decreased by 28.8% as compared with January-June 2014. In January-June 2015, the basis of the Russian export to the non-CIS countries was fuel and energy products, the share of which in the commodity structure of the export to these countries amounted to 68.1% (in January-June 2014 - 75.3%).
In January-June 2015, the cost volume of energy products decreased by 34.5% as compared with January-June 2014, and the physical - increased by 10.3%. Among the energy goods the volume of exports of crude oil increased by 11.5%, electricity - by 25.0%, oil products - by 20.2%, including: kerosene - by 39.3%, diesel fuel - 18.0%, liquid fuels - by 23.5%. At the same time, the export volume of natural gas was reduced by 4.1%, coal - by 1.2%.
Alexander Novak has said that by 2035 the volume of gas supplies from Russia to the countries of the Asia-Pacific region will increase 9 times.
The Russian Rostech and the Korean SK Energy have entered the final stages of the tender for an oil refinery construction in Uganda, Rostech subsidiary RT – Global Resources reports. Earlier the Government of Uganda approved the short list including the consortiums headed by the Chinese China Petroleum Pipeline Bureau, the British Petrofac, the Swiss and Dutch Vitol and the Japanese Marubeni, besides from Rostech and SK Energy. They entered the final stage only 2 consortiums including the Russian RT – Global Resources, Tatneft and VTB Capital. Uganda’s oil is high-paraffin crude that will need special configuration of the oil refinery and the need for the heating of the pipeline to 60* when exporting the products to the neighboring regions. Tatneft possesses such technical capabilities and that enabled company to access to the final stage. They will discuss at the final stage the concrete details of construction and operation of the oil refinery that will chose the winner.
The Minister of External Affairs of Kazakhstan, E. Kazykhanov and the Minister of Economy, Trade and Industry of Japan, Y. Edano have signed several documents connected with cooperation of the state in the sphere of minerals production and oil refining. Japan is ready to offer Kazakhstan new technologies for the improving of resources production. Japan is also interested in the intensification of cooperation with Kazakhstan in the sphere of uranium extraction and nuclear power plants construction. Mr. Read more »
Japan asks the Russian Government to support its companies eager to participate in Elga and Sakhalin-3Edited by Rhod Mackenzie / 2011-02-14 06:12:28
The Minister of External Affairs of Japan Seiji Maehara has appealed to the Russian Government with a request to support the Japanese companies eager to participate in the Elga and Sakhalin-3 projects. He reported that at the ninth session of the Russian and Japanese intergovernmental commission for trade and economical affairs where he acts as co-chairman. In April 2010 the Japanese Government reported about its interest in Sakhalin-3, the Elga coal deposit and in the construction of port infrastructure, coal and corn terminals in the Russian East. Read more »