PetroChina Suspends Some Gas Contracts as Coronavirus Hits Demand-Sources
PetroChina has suspended some natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak. The company issued the force majeure notice to suppliers of piped gas and also …
NOVATEK and Transneft Signed Cooperation Agreement
PAO NOVATEK and PAO Transneft signed an Agreement on Cooperation in Gas Motor Fuel. According to the Agreement, Transneft is considering purchasing LNG from NOVATEK to refuel its cargo truck fleet. The Agreement also confirms the intention of Transneft to replace its old diesel-powered trucks by new gas-powered vehicles. “This …
Saipem: Strategic Cooperation Agreement with Daewoo E&C Co. Ltd for Onshore Projects, with a Focus on LNG
Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector. By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will …
NOVATEK: Q3 Results 2019 – Production Up 5.2% qoq
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2019. In the third quarter 2019, NOVATEK’s hydrocarbon production totaled 145.2million barrels of oil equivalent (boe), including 18.31 billion cubic meters (bcm) of natural gas and 3,041 thousand tons of liquids (gas condensate and crude oil), …
NOVATEK and Vitol Sign Agreement on LNG Supply from Arctic LNG 2
During the 19th International Conference & Exhibition on Liquefied Natural Gas (“LNG2019”) in Shanghai, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK (“NOVATEK” and/or the “Company”) and Vitol S.A. (“Vitol”) announced signing of Heads of Agreement (“Agreement”) for the supply of LNG. The Agreement envisages concluding a 15-year contract with …
10 Years Ago Russia’s First LNG Plant Was Launched
The Sakhalin-2 liquefied natural gas (LNG) plant, operated by Sakhalin Energy, was launched in February 18, 2009. In 2010, it reached its full design capacity – 9.6 mln tonnes of LNG per annum. In the years that followed, an ambitious debottlenecking programme helped increase its output capacity by 20%. This …
Board of Directors Reviews Prospects of Shale Gas and LNG Sectors
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 …
Exxon, Rosneft to Build LNG Plant with Japanese, Indian partners – sources
Russia’s Rosneft (ROSN.MM) and U.S. ExxonMobil (XOM.N) plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said. The four companies – Rosneft, Exxon, Japan’s SODECO and India’s ONGC Videsh (ONGC.NS)(ONVI.NS) …
Shtokman: Onstream by 2035 via Pipeline or LNG?
Russia has really warmed up to the idea of becoming a competitive player on the LNG market, as we have established several times, largely thanks to the Yamal LNG project. On the waves of success, the Russian Energy Ministry is now putting forward its own agenda – during the latest session …
NOVATEK Shipped First LNG Cargo to India
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that NOVATEK Gas and Power Asia Pte. Ltd., a wholly owned subsidiary, has shipped to the Indian market its first cargo with LNG produced by the Yamal LNG project. NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev noted: “One of …