Energy

Gazprom to control Armrosgazprom, pipeline

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Russian gas giant OAO Gazprom and the Armenian government have signed a strategic agreement for 25 years, establishing the strategic principles for cooperation in gas-energy projects in the republic, the Russian company said in...

Iranian oil bourse plans highlight one-currency fears

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Geopolitical, psychological factors contribute to high oil prices Iran’s plans to open an oil trading exchange that operates in Euro rather than in dollars could very well be viewed as largely political because the Islamic...

LUKoil to invest USD 50 bln over 10 years

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LUKoil plans to invest USD 40 billion to USD 50 billion over the next 10 years in projects both in Russia and abroad. The largest investment projects in Russia involve development of new oil...

TNK-BP, Sibneft not planning final split of Slavneft

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Russian-British oil company TNK-BP and Sibneft, which own Slavneft equally, are not planning to split the company, a source in TNK-BP told Interfax. “We believe that at the moment this (joint ownership) is a...

… interested in Portuguese projects

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Russian gas giant OAO Gazprom is interested in liquefied natural gas projects in Portugal. The Russian company’s press service said that cooperation in this area was discussed at a meeting in Moscow on Wednesday...

Czech power giant emerges as new force in energy market

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More than 16 years after the fall of communism, competition is intensifying for a stake in Central and Eastern Europe’s rapidly growing power markets with the Czech Republic’s utilities giant CEZ fast emerging as...

Political tensions mount ahead of Merkel’s energy summit

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Chancellor Angela Merkel’s government is hammering out an agenda for a planned energy summit this week amid signs of growing tension in her two-party coalition over energy policy. Merkel is calling the nation’s political...

Botas claims USD 400 million from BTC Co

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Turkish company Botas, the general contractor for the construction of the Turkish section of the Baku-Tbilisi-Ceyhan pipeline, is claiming USD 400 million from BTC Co, the operator of the Baku-Tbilisi-Ceyhan project, Azeri Industry and...

Russia to supply China with excessive electricity

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Russia will supply north China on a “large-scale” with electricity after signing a cross-border agreement, reported the People’s Daily last Friday. The electricity will be provided to China in three phases that include three...

Gazprom, E.ON, BASF to announce S. Russkoye decision

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Russian gas giant OAO Gazprom, and Germany’s E.ON and BASF are to announce their decision on the joint development of the South-Russkoye field at the start of April, Gazprom CEO Alexei Miller said at...

Schroeder elected NEGP committee chairman

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Former German Chancellor Gerhard Schroeder has been unanimously elected as chairman of the Shareholders Committee of the North European Gas Pipeline Company (NEGPC), a structure set up to prepare a feasibility study for the...

Trans-Caspian pipeline may cost USD 5 bln

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Construction of a Trans-Caspian gas pipeline may cost USD five billion, Azerbaijani Industry and Energy Minister Natik Aliyev told journalists last Tuesday. “In 1996 the project was estimated at USD 2.5 billion. But at...

Sakhalin-2 board to discuss work plan

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Members of the Sakhalin-2 supervisory board are to meet in Moscow on April 5 to discuss a budget and work plan for the project in 2006, a source in the Sakhalin regional administration’s information...

Tatneft proven oil reserves down

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Russia’s Tatneft announced a drop in proven oil and condensate reserves by 161 million barrels, the company said in a press release. According to an audit by Miller & Lents, Tanteft proven oil and...

Kazakh refineries to be exhausted by 2015

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The capacity of Kazakhstan’s oil refineries could be exhausted by 2015, the energy and mineral resource ministry said. “Three or four years ago we forecast the refining capacity would last to about 2018. But...

YUKOS cuts oil supplies to China in 2006

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YUKOS cut oil deliveries to China according to a contract with Sinopec by 35 percent to 1.96 million tonnes in 2006 from three million tonnes a year, a YUKOS representative told Interfax. He also...

China competing with Europe for Russian gas

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China has become a competitor with Europe for Russian gas, said Reiner Zwitserloot, CEO of German oil and gas company Wintershall. Russian President Vladimir Putin promised China recently in Beijing that Russia would build...

Rosneft to raise up to 4 bln for Vankor project

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Rosneft is looking to raise between USD 2.5 billion and USD four billion in project financing to develop the Vankor group of fields in the Krasnoyarsk territory, Sergei Bogdanchikov, the oil company’s chief, told...

Gazprom, Shell mull SLF production in Russia

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Gazprom and Royal Dutch Shell are looking at working together to produce synthetic liquid fuel (SLF, by gas-to-liquid (GTL) technology). Shell, Gazprom and VNIIGAZ are carrying out joint studies on the possibility of developing...

Committee approves Kharyaga 2005 expenditures

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The unified committee for the Kharyaga production sharing agreement has approved expenditures on the project in 2005 in the amount of USD 90 million, the Russian Industry and Energy Ministry’s PR department said. “These...

LUKoil to launch phase-3 of Vysotks terminal in July

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Russian oil company LUKoil is to launch the third phase of an oil terminal in Vysotsk in Leningrad region in July 2006, AO RPK-Vysotsk LUKoil-II Deputy general director Sergei Kiselev told Interfax in St....

Wintershall moving forward on Russian, Turkmen projects

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The board of directors at Achimgaz, a joint venture of Gazprom subsidiary Urengoigazprom and Germany’s Wintershall AG, is pleased with construction progress at its production facilities, an Urengoigazprom source told Interfax. Achimgaz was set...

YUKOS-RM president supports YUKOS bankruptcy

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Anatoly Nazarov, president of YUKOS-RM, which controls the main financial flows of YUKOS Oil Company, supports the bankruptcy of YUKOS and sees the importance of partnership with Rosneft. “The system of relations between YUKOS-RM and...

Canada supports Gazprom, Petro-Canada LNG project

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A project by Russian gas giant Gazprom and Petro-Canada to organise supplies of liquefied natural gas to North America has the support of the Canadian government. Gazprom said in a press release that during...

KazMunaiGaz oil, condensate production up 1.8% in 2 mths

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Kazakhstan’s national oil and gas company KazMunaiGaz produced 1.491 million tonnes of oil and gas condensate in the first two months of the year, up 1.8 percent from the same period last year, the...

Deal on Russian gas to Israel seen in 2007

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Russia’s gas giant Gazprom and the Israeli government have agreed to begin shipments of Russian gas to Israel via Turkey starting from 2007, acting Israeli Prime Minister Ehud Olmert told Ekho Moskvy radio on...

CEE and US to cooperate on energy security

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The United States on Friday before last agreed to lend its expertise in energy crisis management to Central and Eastern Europe at a regional conference of energy officials in Budapest, Deutsche-Presse-Agentur (dpa) reported. “We...

Transneft to decide on east pipeline terminal within 2 mths

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Russian oil pipeline monopoly Transneft is to decide on an end-point for the Eastern Siberia-Pacific Ocean pipeline within the next two months, presidential envoy to the Far East Federal District Kamil Iskhakov said last...

Gazprom, Eni agree on principles of cooperation

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Gazprom and Italian oil and gas company Eni S.p.A. have agreed on the principles of cooperation on all aspects of producing hydrocarbons, Medvedev said. He talked about the positive results of his recent trip to...

E.ON offers Gazprom Hungarian assets

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The German energy concern E.ON AG has offered Gazprom all of its Hungarian assets in exchange for participation in a project to develop the South-Russia gas and oil field, Gazprom Deputy CEO Alexander Medvedev...

… proposes consortium to develop Achimov deposits

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TNK-BP is proposing to set up a consortium to develop Achimov deposits at the Urengoi field, TNK-BP Executive Director for Gas Projects Victor Vekselberg said. He noted that it is proposed to set up...

TNK-BP offers Gazprom 51% of Kovykta …

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Russian-British oil company TNK-BP has offered Gazprom (a controlling stake in a holding company that will develop the Kovykta gas condensate field, TNK-BP Executive Director for Gas Projects Victor Vekselberg said at a briefing...

Russia seeks common energy policy in G8

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Russia last Thursday presented its vision for a secure global energy supply system at a meeting of the G8 energy ministers in Moscow. “The central issues are the adequacy of the resources and their...

Sakhalin Energy wants access to Gazprom’s news reserves

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Sakhalin Energy, the operator of the Sakhalin-2 project, hopes that the possible inclusion of Gazprom as a shareholder will give the company access to additional gas reserves, Sakhalin Energy Executive Director Ian Craig told...

Rosneft, Sibneft, TNK-BP may participate equally in pipeline

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TNK-BP, Rosneft and Sibneft may possibly take part in the Burgas-Alexandroupolis pipeline project on an equal basis, Anatoly Yanovsky, director of the energy ministry’s fuel and energy complex, told Interfax. He said that this...

Russia to take part in generation IV project

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Russia will take part in the Generation IV nuclear reactor international project, Federal Atomic Energy Agency head Sergey Kiriyenko told an international energy safety conference in Moscow last Monday. “We are glad that we...

North Gas to produce 3.9 bcm of gas

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Russian gas producer Northgas, in which Gazprom has had a 51 percent stake since September last year, plans to increase gas production 22.8 percent to 3.86 billion cubic metres in 2006, the company said...