lng

As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK (“NOVATEK” and/or the “Company) and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the …

PAO NOVATEK (“NOVATEK” and/or the “Company”) signed a Memorandum of Understanding (MOU) with Saudi Aramco, the Saudi Arabian National Oil Company. According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research …

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and LNG sectors around the world, as well as the opportunities and threats facing the Company. It was noted that, according to most projections, global shale gas production was likely to be concentrated primarily in North America in the mid- and long term. In 2016, the increase in shale gas …

PAO NOVATEK announced today that Yamal LNG has shipped the first LNG cargo containing 170 thousand cubic meters. The first cargo was sold to PETRONAS LNG UK Limited (PLUK). LNG sales according to the long-term contracts will commence in April 2018. All LNG sales prior to that date will be …

OAO Yamal LNG (“Yamal LNG”) was granted State permission to commission the main technological facilities of the LNG plant’s first stage, including the first liquefaction train, 58 gas wells and the respective infrastructure. Evgeniy Kot, General Director, Yamal LNG, stated: “Obtaining permission to commission the first LNG train is the cumulative …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today. The meeting addressed relevant aspects of strategic cooperation. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third …

During Eastern Economic Forum, Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) and Petrofac Facilities Management Limited (Petrofac) signed a contract for the front-end compression station construction on Sakhalin-2 project onshore processing facility (OPF) on Sakhalin Island.  The project comprises engineering, procurement, offshore fabrication, construction and site services. The scope of …

Is an LNG giant emerging? Following the startup of the second train at Cheniere Energy’s Sabine Pass LNG export facility in the Gulf of Mexico, the US now has two LNG production trains online with a total capacity of 9 million mt/year. Join a free webinar on US LNG and …

Rosneft Trading SA, a company of Rosneft Group, delivered its first LNG shipment as part of its contract with Egyptian Natural Gas Holding Company. The delivery of the cargo was made by the GOLAR ICE tanker to the Ain Sukhna port within the Master LNG Supply and Purchase Agreement signed …

The Gazprom Board of Directors approved an updated list of measures aimed at increasing the Company’s share in the global gas market. It was noted that amidst the industry-wide changes the updating of this document had an important role to play for the successful business development of Gazprom as a global energy company. The updated list suggests more precise definition of the Company’s business areas, …