Total Halts Novatek Share Purchasing Due to Sanctions
French oil major Total stopped buying shares in Russia’s Novatek when a Malaysian airliner was shot down over Ukraine, but it is still too early to gauge the impact of western sanctions against Russia, Total said, reported Reuters. * Q2 net adj profit down 12 pct to $3.15 bln * Yamal development …
Teekay LNG: Signs Deal for 6 Icebreaker LNG Carriers for Yamal LNG
Teekay LNG Partners L.P., through a new 50/50 joint venture with China LNG Shipping (Holdings) Limited (China LNG), today announced that it has finalized shipbuilding contracts for six internationally-flagged icebreaker liquefied natural gas (LNG) carriers for the Yamal LNG Project, which is located on the Yamal Peninsula in Northern Russia. Under the agreements, the joint venture …
Rosneft and ExxonMobil Extended Agreement on Implementation of the Far East LNG Project
Rosneft President, Chairman of the Management Board Igor Sechin and President of ExxonMobil Development Neil Duffin signed an agreement to extend the existing Strategic Agreement on implementation of the Far East LNG project. Work to progress engineering surveys on land and sea are scheduled for summer of 2014. At this …
Yamal LNG: Binding contract on LNG supply concluded with CNPC
Yamal LNG announced the conclusion of a binding contract for the supply of liquefied natural gas (LNG) with China National Petroleum Corporation (“CNPC”). The contract provides for the supply of three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for a period of 20 years. LNG …
Technip Wins Massive Yamal LNG EPC Contract
Technip confirms that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas (LNG) facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among …
Yamal LNG and Fluxys Have Signed a LNG Transportation Agreement
Yamal LNG and Fluxys have signed an agreement outlining the parameters of cooperation on the transshipment of liquefied natural gas (LNG), supplied from a LNG plant on the Yamal Peninsula (Russia), at Fluxys’ LNG terminal in Zeebrugge (Belgium). Yamal LNG is building a natural gas liquefaction plant with its first …
Sakhalin Energy Has Produced 50 million Tonnes of LNG
The first Russian liquefied natural gas plant has been launched in February 2009. Since that time, Sakhalin Energy supplied 769 cargoes of LNG. The bulk of the product has been shipped to Japan and South Korea. Also, Sakhalin-2 LNG was delivered to China, India, Thailand and Taiwan. The output of …
Gazprom and Gazprombank to Jointly Implement Baltic LNG and Vladivostok LNG Projects
An Agreement of Cooperation as part of liquefied natural gas (LNG) projects was signed today at the Gazprom headquarters by Alexey Miller, Chairman of the Gazprom Management Committee and Andrey Akimov, Chairman of the Gazprombank Management Board. According to the Agreement, the parties will cooperate within the Baltic LNG and …
Russia and China Strike Yamal LNG Agreement – Tax Breaks for Project Financing
JSC Yamal LNG reports enactment of the Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on cooperation on the Yamal LNG project (hereinafter refered to as the “Agreement”). The Agreement is geared to establish favorable conditions for the investment cooperation in …
Gazprom and Shell Sign Roadmap for a Third Train for the Sakhalin II Project
Sochi hosted today the signing of a memorandum-roadmap between Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell. The document envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming – primarily in Asian countries. Novel LNG …