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
From Petroleum Planet/Alaska Journal of Commerce Russia started as a bit player on the liquefied natural gas stage less than a decade ago but is not content in that role and wants to share top billing. In 2009, when Russia’s first LNG export terminal went online, the Sakhalin-2 project in the Far East provided about 4 percent of the world’s
First vessel in a series of 15 icebreaking LNG carriers on order can sail independently through ice of up to 2.1 meters thick From MarineLog Christophe de Margerie, the icebreaking LNG carrier owned and operated by Russia’s Sovcomflot (SCF Group), has crossed the Northern Sea Route (NSR) in a new record time for a merchant ship without icebreaker support, during
From Reuters Russia plans to raise its annual production of seaborne liquefied natural gas (LNG) to as much as 120 million tonnes by 2035 and take market share from Australia and the United States by capitalizing on low costs, a deputy energy minister said. In December, Russia’s No.2 gas producer Novatek and its partners including France’s Total launched the Yamal
New Chinese investment firm raises $6 billion in financing Russia-based Novatek’s (ticker: NVTK) Yamal LNG project has received a new infusion of capital from a new Chinese investment firm called China Insurance Investment Ltd. The firm is comprised of 46 Chinese companies who have raised 40 billion yuan ($6 billion) to finance energy and infrastructure projects overseas, reports Reuters. The
Novatek struggles to fund its 16.5 million ton per annum Yamal LNG project Efforts to finalizing financing on the only liquefied natural gas (LNG) project currently under development in Russia have stalled. Tarko-Sale, Russia-based Novatek (ticker: NVTK), the lead company on the project and Russia’s largest privately-owned natural gas producer, may continue looking for financing into next year, reports Reuters.
Russia Experts Discuss How Today’s Commodities Prices and Shifting Market Dynamics are affecting the Russian Oil & Gas Industry in this Exclusive Oil & Gas 360® Analysis Around the world, in places where oil and gas is a dominant resource, countries, kingdoms, companies and individual billionaires have been created by the extraction and sale of these fuels. The continuing importance
Chinese Fund Buys 9.9% Stake in $27 Billion Russian LNG Project Since the implementation of U.S. sanctions against Russia for its actions in Crimea, one of the major challenges facing the Russian oil and gas industry is gaining access to long-term project financing. Under the current sanctions regime, loans to Russia can be no longer than 30 days if they
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