Eurasia Journal News

The Gazprom Management Committee took note of the information about the Company’s preliminary operating results for 2018 and the projected investment program and budget (financial plan) for 2020–2021. The Management Committee also approved the draft investment program and budget (financial plan) for 2019. Pursuant to the draft investment program for 2019, the overall amount of investments …

After the two wells drilled on the Kurmangazy structure were dry, nothing was heard about this shelf project for a long time. But now Kazakhstan and Russia are planning to resume work, as the Minister of Energy for Kazakhstan, Kanat Bozumbayev announced today in Astana. “On contract exploration on Kurmangazy  …

PAO NOVATEK announced today that its joint venture Yamal LNG has commenced initial production of LNG at the plant’s third LNG train. The total nameplate capacity of all three LNG trains is 16.5 mmtpa, or 5.5 mmtpa per LNG train. “We have successfully launched all three LNG trains at our …

Further to the Company’s recent announcements, the board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Initial findings from the accountants’ review The initial stage of the independent review of transactions by Urals Energy’s 98.56% owned subsidiary, JSC Petrosakh …

Alexey Miller, Chairman of the Gazprom Management Committee, and Alexey Mordashov, Chairman of the Board of Directors of Severstal, today signed in Moscow a Technology Roadmap to launch the production of large-diameter pipes (LDPs) of K80 strength class. It is planned that by 2023 Severstal will become the first company in Russia to design and start producing electric-welded longitudinal steel LDPs and fittings for …

The Gazprom Board of Directors took note of the information about the impacts of the events of 2018 on the long-term outlook for the global energy market. It was highlighted that the growth in natural gas consumption around the world continued unabated. In 2016–2017, it added more than 3 per cent on a yearly basis. The growth rate for 2018 may be even higher. One of the …

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the Company. It was highlighted that, as in the past, shale gas production was concentrated almost entirely in the United States. However, there is still a high level of uncertainty …

Vienna, Austria, 22 November 2018–The price of OPEC basket of fifteen crudes stood at $62.33 a barrel on Wednesday, compared with $64.02 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente …

SLAVNEFT reports the consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 3 and 9 months of 2018. Key Financial Indicators (in mln of Russian rubles) Q3 2018 Q3 2017 9 months 2018 9 months 2017 Revenue Operating expenses Taxes except …

Dennis Francis, Chief Executive Officer (“CEO”) and a founder of the Company, has informed the Board that he has elected to retire as CEO following his recent 70th birthday. Mr Francis will remain as a Non-Executive Director in the Company and has agreed to assist the Company on a consulting …