Energy

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...

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...

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...

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...

Gazprom to discuss LNG deliveries to N. America

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A delegation of Russia’s gas giant Gazprom is due to visit Canada in mid-March to discuss shipments of liquefied natural gas (LNG) to the North American market, Russian Foreign Minister Sergei Lavrov said. Lavrov was...

Naftan, LUKoil venture to be registered April 10

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A joint venture between Belarussian company Naftan and Russian oil major LUKoil to produce additives for motor oil will be registered on April 10, 2006, Belarussian First Deputy Prime Minister Vladimir Semashko said last...

Azerbaijan boosts Russian gas imports 10% in Jan-Feb

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Azerbaijan imported 891 million cubic metres of gas from Russian in January-February 2006, up 10.3 percent year-on-year, a source at Azeri state oil company SOCAR said. Gas imports in February amounted to 418.6 million...

Russian gas production may reach 635-665 bcm by 2010

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Gas production in Russia by 2010, according to pessimistic forecasts, should amount to 635 billion cubic metres, according to a draft fuel and energy balance for Russia and Belarus in 21010-2020. A source in...

Beijing not happy with oil, gas cooperation with Russia

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China is not satisfied with the development of energy cooperation with Russia, deputy director of the Chinese National Development and Reform Commission Zhang Guobao told Interfax. The practical development of cooperation is not significant,...

Gazprom did not bid officially for gas company in UK

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The Russian gas monopoly Gazprom has not yet made an official bid for buying gas companies in the Untied Kingdom, UK Minister of State for Europe Douglas Alexander told Interfax. Alexander said he had...

Chevron puts Shtokman investment at 10 bln Euro

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US oil and gas company Chevron estimates investment needed to implement the first phase of a project to develop the Shtokman gas condensate field in the Barents Sea at 10 billion Euro, Chevron Neftegaz...

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...

AIOC oil production up 160% in 2 months

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Azerbaijan International Operating Company (AIOC), the operator for Azeri, Chirag, and Gunashli fields in Azerbaijan’s sector of the Caspian Sea, produced 2.97 million tonnes of oil from Azeri and Chirag in January-February, up 160...

PGNiG, Statoil hold talks to build gas pipeline

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Poland’s PGNiG and Norway’s Statoil are holding talks to build a Norway-Poland gas pipeline. The next round of talks will take place in February 28, according to information from the Russian trade representation in...

Shell, Statoil announce joint energy plan

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Energy giants Shell and Statoil last Wednesday announced a plan to use carbon dioxide to increase offshore oil recovery in the North Sea. Carbon dioxide (CO2) would be captured from power generation and pumped...

Iran agrees to higher price for Turkmen gas

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Iran has agreed to pay USD 65 per 1,000 cubic metres of Turkmen gas, the press service of Turkmen President Saparmurat Niyazov told Interfax. Niyazov and his Iranian counterpart Mahmud Ahmadinejad approved the price...

SOCAR to set up company to sell oil in London

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Azeri state oil company SOCAR plans to set up an affiliated company in London to carry out direct sales of oil on the ICE Futures exchange, a source in the company told Interfax. “With...