Russia Oil and Gas, Marubeni
Novatek has signed a memorandum of understanding with Marubeni Corporation.
The Japanese company Mitsui doesn’t intend to participate in the planned by Rosneft project of the Far East LNG creation, another company shows its interest, Mitsui’s CEO Hiroshi Meguro
Tatarstan’s President Rustam Minnikhanov has held a series of meetings with major Japanese companies in the framework of his working visit to Tokyo, said the press centre of the President.
So, Rustam Minnikhanov met with president of Toyo Engineering Corp Kiyoshi Nakao and managing director of Ikuo Mitsui Corporation Kasama. The sides discussed current projects of Toyo Engineering and Mitsui, implemented in Tatarstan, and outlined ways for further cooperation.
The European companies will lose at least $ 3,095 billion due to Russia's decision not to implement the "South Stream" pipeline project, a press release of the South Stream Transport informs.
The most significant losses will be incurred by the Italian energy holding ENI, a subsidiary of which (Saipem) has been contracted to lay the pipeline for the amount of $ 2.476 billion.
It is worth noting that in April a contract for the construction of the second line of the offshore section of the pipeline was with the Swiss company Allseas Group was concluded. In addition, the German Europipe, which has been recognized as the supplier of 50% of the order for the supply of pipes for the first line of "South Stream", will be deprived of a contract for $ 619 million.
Russia has decidd to cancel the South Stream pipeline.
As "the Kommersant" predicted, Russia has abandoned the South Stream pipeline - one of its biggest projects, the geopolitical importance of which initially exceeds the economic. After the conflict in the Ukraine, the EU firmly blocked the project, and now instead of the South Stream "Gazprom" is going to lay a pipeline to Turkey to at least partially abandon the transit through the Ukraine and use more than $ 25 billion of the already implemented investments. However, the experts believe that it is better to completely abandon the project: Turkey can become a problem user for "Gazprom".
Russia could not build the South Stream pipeline with the opposition of the European Commission and the lack of resolution of the Bulgarian authorities and therefore rejected the project, Vladimir Putin stated yesterday during a visit to Turkey. Thus, as "the Kommersant" predicted on November 10th "Gazprom" abandons one of the most ambitious and expensive projects in its history, after eight years of negotiations, the preparatory work and endless disputes with the EU. Instead, as "the Kommersant" wrote on December 1st, "Gazprom" will lay the pipeline into Turkey with the same capacity that was assumed for the South Stream: 63 billion cubic meters.
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.
A report on the preparation of the documents on cooperation in the oil and gas industry, which are planned to be signed during the forthcoming visit of the governmental delegation of Turkmenistan to Japan, was presented to Turkmen President, Gurbanguly Berdimuhamedov, the Turkmen Government reports on Tuesday.
According to the report, the Turkmen President noted that “it’s necessary to pay a special attention to issues, connected with the further development of the long-term mutually beneficial Turkmen-Japanese cooperation”.
The Japanese Itochu Company is interested in quickening the launch of an LNG plant in Vladivostok, the CEO for the CIS states F. Kiyosi says. They orient to 2017-2018 whereas Itochu is eager to quicken the launch of the enterprise in order to outstrip possible competitors in gas sales in Japan. As for technical specifications, the plant’s projected capacity should be not less than 10 million tons of LNG annually. In addition, they are going to introduce at the enterprise in Vladivostok some new technologies connected with helium extraction and processing.
Gazprom Vice Chairman of the Board A. Ananenkov has met with the President, the CEO of Japan Far East Gas Co. Ltd Y. Matsukava. The sides have signed the Agreement for execution of the joint technical and economical research for realization in Vladivostok area of an LNG plant and a gas chemistry complex. The document presupposes studying of the possibility for realization of the pilot project for gas liquefying in the Vladivostok area and its further off-land transporting. Read more »