Russia

Construction of Turkish Stream’s Turkish terminal started
Russia

Construction of Turkish Stream’s Turkish terminal started

South Stream Transport Company today announced the beginning of construction of a receiving terminal for the Turkish Stream gas pipeline in Turkey. Now the project is implemented simultaneously on three sites: on the coast in Russia and Turkey, as well as in the Black Sea. “On January 17, construction of a receiving terminal in Kiyikoy (Turkey) began,” the South Stream […]

South Korea plans to boost LNG import from Russia
Russia

South Korea plans to boost LNG import from Russia

South Korea plans to increase the supplies of liquefied natural gas (LNG) from Russia, the Ministry for the Development of the Russian Far East said, citing head of South Korea’s Northern Economic Cooperation Committee Song Young-gil. “We have agreed to develop cooperation not only in the field of aquaculture but also in other products and services, in particular, Korea plans to increase LNG supplies from Russia,” Song said […]

Gazprom to double investment in Turkish Stream project in 2018
Russia

Gazprom to double investment in Turkish Stream project in 2018

Russia’s Gazprom planst to double its investment in Turkish Stream project amounting to 182,4 bln rubles ($ 3,222 bln) this year. Report informs, last year the volume of funds spent on pipelines amounted to 92.8 bln rubles ($ 1.639 bln). On October 10, 2016, Russia and Turkey signed an intergovernmental agreement on the Turkish Stream project. The document provides for construction […]

Germany, EU want Ukraine to stay Russian gas transit state
Russia

Germany, EU want Ukraine to stay Russian gas transit state

Germany and the E.U. want Ukraine to retain the functions of a transit state for Russian gas, spokesman for the German government Steffen Seibert said at a briefing on Friday. “Commercial decisions may have consequences for states in the region. This is why we have always said very clearly that it is in Germany and other (E.U.) member-states’ interests that […]

Russian Government supports Gazprom’s initiative
Russia

Russian Government supports Gazprom’s initiative

Starting from January 1, 2018 Gazprom will be able to sell gas at free prices for subsequent liquefaction and export. Resolution No. 1663 “On Certain Issues of Gas Sales in the Russian Federation” signed by Dmitry Medvedev is published on the official Internet portal of the Government of the Russian Federation. According to the business publication RBC, the proposal to […]

Gazprom announces forecast for exports to Europe
Russia

Gazprom announces forecast for exports to Europe

Gazprom expects annual exports to Europe in the amount of 188 bcm of its gas in the period until 2020, Bloomberg reports, referring to the company’s approved budget. In 2016, Gazprom increased gas supplies to non-CIS countries by 12.5% ​​to more than 179.3 bcm, which was a historic high. At the end of November, the head of Gazprom, Alexei Miller, […]

Rosneft hopes to find gas in Black Sea
Russia

Rosneft hopes to find gas in Black Sea

Rosneft started exploratory drilling on the section West-Black Sea Area on the Black Sea shelf. This was announced yesterday by the head of Rosneft Igor Sechin following the meeting of the Board of Directors. According to Sechin, the resource base on the Black Sea shelf can reach up to 600 million tons of oil and 100 bcm of gas. The […]

Transneft’s computers were used for mining cryptocurrency
Russia

Transneft’s computers were used for mining cryptocurrency

Computers at Transneft have been used for the unauthorised manufacture, or ‘mining’, of the cryptocurrency Monero, a vice-president of the Russian pipeline operator said. Computers at Transneft have been used for the unauthorised manufacture, or ‘mining’, of the cryptocurrency Monero, a vice-president of the Russian pipeline operator said. Transneft said on Friday its computers had been used for the unauthorised […]

Russia’s Rosneft wins gas licences in Venezuela
Russia

Russia’s Rosneft wins gas licences in Venezuela

Venezuela has awarded licences to Russian energy giant Rosneft to develop two offshore gas fields. The deal allows its subsidiary, Grupo Rosneft, to export gas produced at the Patao and Mejillones fields in the Caribbean Sea for the next 30 years. Venezuelan authorities need to approve the deal before production can begin. Russia is a close ally of Venezuela, helping […]

Gazprom and CNPC hold meeting of Joint Coordinating Committee
Russia

Gazprom and CNPC hold meeting of Joint Coordinating Committee

A regular meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Wang Dongjin, Vice President of CNPC, took place in Moscow. The meeting reviewed the progress of concerted efforts of the companies in the course of 2017, as well as ongoing and future cooperation in key focus areas. Specifically, a briefing was given on joint actions in the field of underground gas storage, gas-fired […]

Gazprom sets a new record for gas exports
Russia

Gazprom sets a new record for gas exports

“We have reached the home stretch on the way to a new absolute record of annual export of gas to the far abroad for the entire history of Gazprom and the Russian gas industry.” This was announced by Gazprom CEO Alexei Miller to journalists at the Sabetta terminal during the ceremony of sending the first tanker within the Yamal-LNG project […]

Lukoil starts development of the second stage of Filanovsky deposit
Russia

Lukoil starts development of the second stage of Filanovsky deposit

Lukoil began drilling the first production well at the second stage of the Vladimir Filanovsky deposit in the Caspian Sea. As stated in the company’s press release, drilling is scheduled for completion in early 2018. At the moment, within the first stage of field development, six production wells and two injection wells are in operation. Accumulated oil production exceeded 5 […]

Production of Liquefied Gas at Yamal LNG Plant Launched
Russia

Production of Liquefied Gas at Yamal LNG Plant Launched

The Yamal LNG plant controlled by NOVATEK started production of liquefied natural gas (LNG) on the first production line with a design capacity of 5.5 million tons of LNG per year. According to NOVATEK, December 8, the first LNG cargo is scheduled to be loaded. For this, the LNG tanker Christophe de Margerie will be used, named after the former […]

Gazprom and Turkey Consider Signing Protocol of Turkish Stream
Russia

Gazprom and Turkey Consider Signing Protocol of Turkish Stream

Construction of one of the most important pipelines of Gazprom, which will strengthen the position of Russian gas in the European market, is at the final stage. Russia and Turkey are preparing a protocol on the beginning of the laying of a new overland section of the Turkish Stream. This was stated by the Minister of Energy of the Russian […]

Gazprom built more than half of the pipeline Power of Siberia
Russia

Gazprom built more than half of the pipeline Power of Siberia

Gazprom has built 1095 km of the gas pipeline to China “The Power of Siberia”, the construction is carried out at a rapid pace, the company said today. “The construction of the Siberia-Siberia gas main pipeline, which supplies gas from Yakutia and the Irkutsk region to the regions of the East of Russia and to China, is proceeding at an […]