Ust Luga, Russia Oil and Gas

In 2017, Transneft predicts oil export through Ust-Luga at the level of 30 mln tons

In 2017, Transneft predicts oil exports through the port of Ust-Luga at the level of 30 million tons, the oil transportation company reports.

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Ust –Luga port to increase cargo turnover to 100 mln tons

The Ust-Luga port plans to increase its cargo turnover to 100 mln tons in 2016, the CEO of the port, M. Talanenko, said.

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Transneft’s ports go on working according to the actual weather

Oil shipment at the ports is held according to the actual weather, the representative of Transneft said.

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Transneft transships oil for export on schedule

Transneft carries out transshipment of crude oil for export in all ports in accordance with the schedule, said the company’s spokesman Igor Demin.

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Oil export in port of Ust-Luga suspended because of urinary stone disease recurrence among tanker’s crew

Because of the threat of the epidemic on oil tanker in the port of Ust-Luga in the Leningrad region the transshipment of crude oil was suspended. This was announced on April 6, 2016,
According to the official representative of Transneft I. Demin, the loading of oil on the tanker was suspended in the evening of April 5, 2016.

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Transneft ships oil at the port of Novorossiysk according to the schedule

Oil export from the port of Novorossiysk is held according to the schedule, the storm is over, the official representative of Transneft, I. Demin said.
The storm which started yesterday in the evening, was over by 6 a.m. We are loading from 9 a.m., there are no deviations from the schedule, I. Demin said.
According to him, at the ports of Primorsk and Ust-Luga there is a pre-storm alert, wind speed is 12-16 m/sec. We are working according to the actual weather, he said.
The weather is working at the port of Kozmino but the forecast is not stable, he added.

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Transneft has renewed oil export via Kozmino

​The official representative I. Demin said that the storm still goes on.
Transneft has renewed oil shipment from the port of Kozmino despite of the storm, I. Demin said.
The storm at Kozmino is forecast to go on until Jan 22nd. Now the wind speed is up to 20 m/sec, wave – 1.5 m, we are loading at the times of weather improvement, he said.
Mr. Demin said that in Primorsk, Novorossiysk and Ust-Luga the weather allows to work. Ice is forming in the Baltic region but meanwhile it doesn’t exceed 20 cm.

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Sibur received over 20 bln roubles for the terminal in Ust-Luga

​Sibur has sold a terminal on LPG transshipment at the port of Ust-Luga.
The amount of the deal almost equals to the expenditure on the construction of the complex. The amount was initially determined in roubles (from the announcement of the sale in 2014) and by the moment of the deal almost hasn’t changed.
In May 2014 the holding promised that the amount of the deal would make up over $700 mln. The investment into the construction of the terminal made up 23 bln roubles.
The new owner of the complex is the consortium of investors, among which is the Direct Investment Fund of Russia and the leading world investors. By the agreement of the parties, Sibur will work as the operator of the terminal. It will provide the loading of the capacities.
The participants of the consortium will go on investing into the terminal’s development. The project of increasing the terminal’s capacities and expansion of the railway infrastructure has already been worked out. The project presupposes that the capacity of LPG transshipment will rise from 1.5 to 2.4 mln tons a year, on the transshipment of light oil products –from 2.5 to 2.8 mln tons a year.

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Sibur completes deal on sale of terminal in the Baltic Sea

A consortium of investors, which includes the Russian Direct Investment Fund, has closed a deal on investment in Sibur’s terminal for transshipment of liquefied petroleum gas and light oil products at the port of Ust-Luga.
It is known that the transaction was fully financed at the expense of investors.

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