Cheniere, BP are the sellers From Reuters SOFIA, May 31 (Reuters) – Bulgaria has agreed to buy U.S. natural gas for the first time, signing a deal for a delivery in the second quarter and another in the third, the Bulgarian energy minister said on Friday. Dutch-registered trader Kolmar NL will deliver a 90 million cubic metre (mcm) cargo of
From Reuters Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) project led by Russian state gas major Gazprom on the Russian Baltic coast. The development comes as Western firms struggle to expand in Russia because of pressure from sanctions imposed by the United States, while for Gazprom it could mean limited access to Shell’s technology
From S&P Global Platts Yamal-based field holds some 2 Tcm of gas First Kharasavey production expected in 2023 London — Russia’s Gazprom on Wednesday began the “full-scale” development of the giant Kharasavey gas field on the northern Russian Yamal peninsula as the company continues to shift its production base northward. Kharasavey — estimated to hold 2 trillion cu m of gas
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The four individual pipes will deliver a combined capacity of 10.64 Bcf/d of gas to European markets Permits for the Nord Stream 2 project are currently being drawn up. National environmental impact assessment reports were submitted to the German, Danish, Finnish, and Swedish authorities, with construction permit applications filed for the corresponding sections of the gas pipeline in each country.
OMV Yuzhno Russkoye natural gas field acquisition OMV Exploration & Production GmbH has completed the acquisition of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE. The purchase price paid by OMV to Uniper amounts to €1.7 billion ($2 billion). The license will expire by the year-end 2043. Chairman of the OMV
Gazprom continues to sell an increasing amount of gas to Europe Russia’s state-owned gas giant Gazprom (ticker: OGZPY) announced its financial results for full-year 2016 Thursday, reporting a stronger profit despite lower sales prices. The company supplied a record 178.3 Bcm to what it calls the Far Abroad (Europe plus Turkey, excluding members of the former Soviet Union), but reported
Russia and Japan ink 23 energy-related agreements including offshore and LNG Russia and Japan deepened ties between the neighboring countries over the weekend as Russian President Vladimir Putin visited Japanese Prime Minister Shinzo Abe in Japan. The talks were set in the hopes of restarting a dialogue over four islands that each country has claimed a right to since the
Gazprom Neft completes nine-stage frac job in the Bazhenov formation, but is the formation economic? The oil production arm of Russia’s state-run gas giant Gazprom (ticker: OGZPY) announced this week that the company completed a nine-stage horizontal well in the Bazhenov formation in Western Siberia. Gazprom Neft (ticker: GZPFY), as the oil arm is known, said it is the first
Oil and gas deal pipeline relatively thin at this year’s St. Petersburg Economic Forum There was a stronger showing of the heads of international oil and gas companies at this year’s St. Petersburg Economic Forum, but deals remained relatively light. Companies continue to cut energy investment as oil prices remain well below their triple-digit highs from two years ago, and
In a 7-2 victory over the U.S., Russia took the bronze medal in the world ice hockey championships on May 22. The victory over the team from the United States marked the third time in four years the U.S. has missed out on the chance to win bronze. Artemi Panarin, a Russian native who normally plays for the Chicago Blackhawks,
‘Sitting in Ambush’ for Russian Companies Bank of China has agreed to loan Russian state-owned gas giant Gazprom (ticker: OGZPY) €2 billion ($2.17 billion). In the company’s press release, Gazprom said the loan was the largest deal in terms of the amount of financing attracted directly from one financial institution and the first bilateral loan facility agreement with a Chinese
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