lng

Rosneft and ExxonMobil continue to progress the LNG project proposed in the Russian Far East. The contractor selection process for design and engineering work has officially commenced. In 2013-2014 Rosneft and ExxonMobil plan to complete design work, including selection of a liquefaction technology and identification of major equipment requirements, to …

Rosneft and ExxonMobil today announced the achievement of several milestones under their 2011 Strategic Cooperation Agreement, including joint venture formation for the Kara Sea and Black Sea projects, and establishing foundations for joint ventures to explore seven other licenses in the Russian Arctic and to manage the joint West Siberia …

Capitalizing on their successful cooperation in oil and petroleum product supplies, Rosneft and Vitol have agreed heads of terms regarding cooperation in a new sphere – liquefied natural gas (LNG). The Heads of Agreement for an LNG sale and purchase contract was signed by Rosneft President and Chairman of the …

The Gazprom Board of Directors approved the work being done by the Company to implement the Eastern Gas Program. The Company is intensely expanding its resource base in Eastern Russia and developing its production and transmission capacities. In particular, the Kirinskoye field pre-development is nearing completion. For the first time ever natural gas will be produced from the …

Russia’s state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in challenging Gazprom’s industry dominance. Rosneft already owns a 51 percent stake in Itera, which was the top gas supplier to the …

On April 17, 2013 Rosneft and Marubeni Corporation signed Memorandum of Cooperation in LNG project implementation and joint exploration and development of oil and gas fields. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Fumiya Kokubu, Marubeni Corporation President and CEO, Member …

Technip, leader of a consortium with JGC, was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), a contract to carry out the engineering, procurement, supply, construction and commissioning of an integrated facility for natural gas liquefaction. The project will start immediately with a phase of detailed …

Alexey Miller, Chairman of the Gazprom Management Committee held a meeting today at the Company’s headquarters regarding the Vladivostok-LNG project. Vladivostok The meeting participants discussed, in particular, creation of a resource base for the LNG plant near Vladivostok over a long-term period. Special attention was also paid to the information on the potential capacity of the Asia-Pacific markets for Russian …

Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include approximately additional 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic, and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also …

The Ob River liquefied natural gas  (LNG) carrier chartered by Gazprom Group successfully completed today the world’s first LNG supply via the Northern Sea Route (NSR). Enlarge photo (JPG, 196 KB) The carrier left the Port of Hammerfest (Norway) on November, 7 and arrived at the regasification terminal in the Port of Tobata (Japan) delivering a Gazprom Group-owned LNG cargo to Japanese consumers. Enlarge …