Korea Oil and Gas, Kogas

Korean companies have started the construction of a gas chemicals complex in Uzbekistan

Samsung Engineering, GS Engineering and Hyundai Engineering (Korea) have started the active stage of the construction of the technological part of the Ustyurt gas chemicals complex in the North-West of Uzbekistan.
The construction of the technological part has started, the assembly of the equipment is held, the Uzbek party is constructing the infrastructure, the works are held in conformity with the approved schedule. Read more »

More than 30 mln tons of LNG exported from Sakhalin over 3 years

The operator of the project “Sakhalin-2” – company Sakhalin Energy – produced more than 30 mln tons of LNG over the first 3 years of the operation of the LNG plant, it exceeds the volume of the annual gas supply to Germany.

The LNG production plant Sakhalin Energy in the South of Sakhalin was launched in February 2009. Its project capacity is 9.6 mln tons a year, which is equivalent to 5% of the LNG production in the world. RIA Novosti reports. Read more »

Gazprom and Kogas have discussed the realization of the pipeline gas to South Korea

A meeting of the deputy chairman of Gazprom OAO, A. Medvedev, and the executive Vice-President of the Korean Gas Corporation Kogas, Pak Yon Son, was held in Moscow.
The issues of the Russian pipeline for gas supply to South Korea via North Korea were discussed. Particular attention was paid to the commercial parameters of the project. The parties had  progress in the part of the effective decisions necessary to provide for the operation of the future gas transport system.  Read more »

Eximbank of South Korea invests $1 bln into gas project of Korean companies in Uzbekistan

The Export-Import Bank of Korea on March 26th announced about the investment of $1 bln into the gas project of the Korean companies in Uzbekistan, Dow Jones agency reports.
8 Korean companies, including Korea Gas (036460.SE) and Honam Petrochemical (011170.SE) at the present time participate in the gas project of Uzbekistan (development of the Surgilsky deposit and the project of the construction of the plant) which will also be financed by Eximbank, the announcement of the State Bank of South Korea says, Regnum reports. Read more »

Bashneft might found a consortium with PetroVietnam and Premier Oil

The Russian oil companies keep preparing for the geological exploration tender that will be held in mid April. They all will participate together with the foreign partners. Kommersant learnt that Bashneft completes the negotiations on the foundation of a consortium with PetroVietnam and the independent Premier Oil (Great Britain). Rosneft is discussing the possibility of partnership with ExxonMobil. Read more »

Russia plans to construct a gas pipeline via North Korea

The negotiations with Seoul and Pyongyang on the construction of the gas pipeline from Russia to South Korea via North Korea will start by the end of the year, Gazprom plans to sign a contract with Kogas in the spring 2012. Russia will construct the entire lenght of the pipe on the territory of North Korea, and it will be a transit pipe only- North Korea won’t accept gas from it. Moscow has received the political warranties of the project’s realization from Pyongyang and Seoul. Read more »

Russia and China agreed on gas price. Supplies to South Korea to go up to 12 billion cubic meters

Russia and China have agreed on the price formula for the Russian gas, the deputy chairman of the Management of Gazprom A.Medvedev said, RIA Novosti reports.

The question what the starting point of this formula appliance is left open,” Medvedev said at the forum “Oil and gas of Sakhalin”. Moscow offers to pass to equal earning power of gas price for domestic and foreign consumers in 2015. Read more »

Analysts: We think it illogical not to offer Eastern Siberian gas to China

The chairman of the Board of Management of OAO “Gazprom” A.Miller and the president of Kogas Choo Kang-Soo signed a “road-map” on the implementation of natural gas supply from Russia to Korea via the territory of the Korean National-Democratic Republic and discussed the matters, concerning practical work organization on its implementation. Read more »

Gazprom has discussed gas supply to the Korean peninsula with South Korea and KOGAS

On September 15th 2011 at the central office of Gazprom a working meeting of A. Miller and the Minister of Energy of North Korea K. H. Yeon took place. The managers discussed the issues of the realization of the pipeline gas supply project from Russia to the Korean peninsula.
A. Miller and K.H. Yeon discussed the conditions of the practical organization of works on the project of pipeline supplies of the Russian gas from Russia to Korea.
In July Russia suggested the organization of gas supplies to Korea hoping to shut down the North Korean nuclear program.
North Korea has also confirmed the possibility of gas transport to South Korea via its territory.
The agreement on the project was reached by the President Medvedev and K.I. Sen as a result of the meeting in Ulan-Ude in August 2011.
Both parties agreed on the forming of a working group to realize the project and also working out other perspective directions of cooperation.
A. Miller and K.H. Yeon mentioned the importance of supporting the construction of the gas pipeline by the Governments of both countries, as well as soon working out and signing the intergovernmental agreement on the issues of the project’s realization.
As a result of the meeting between Gazprom and the ministry of oil industry of Korea a memorandum of understanding was signed.
Practical agreements with Korea open for Gazprom the possibility of gas transport to South Korea.
The technological process of gas supply organization to South Korea is settled by Gazprom in the operative way. Read more »

Gazprom to construct a gas pipeline from Vladivostok to South Korea

Gazprom has agreed with China and South Korea on the construction of the gas pipeline to South Korea from Vladivostok. Taking into account the expansion of the gas pipeline Sakhalin-Khabarovsk-Vladivostok, without which the project is impossible, its cost will exceed $10 bln. It would be cheaper for Gazprom to construct a new LNG plant in Sakhalin. 
Yesterday Gazprom signed with the South Korean Kogas a route map of the gas pipeline construction from Vladivostok to South Korea, with the Ministry of Oil of Korea – a memorandum of intentions to realize the project. Read more »

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