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Gazprom’s Amur gas processing plant remains on schedule

25.04.2018


Construction of the project’s main phase is progressing on schedule, with supply and assembly of Linde AG’s equipment for cryogenic gas separation installations of the complex’s first production lines now under way, with additional heavy equipment for those units to be shipped to the site via the Zeya River starting this summer, Gazprom said. The…



Saudi Arabia and Russia consider 10 to 20 year oil alliance

06.04.2018


Russia and OPEC member Saudi Arabia are seeking to extend oil market cooperation for decades to stabilise crude prices. Saudi Arabia and Russia are working on a long-term deal to extend their alliance on oil curbs that began in January 2017, after a crash in crude prices. “We are working to shift from a year-to-year…



Russia, Saudi Arabia in talks for unprecedented deal to control oil supplies for 20 years

29.03.2018


NEW YORK — Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years to come. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a longer deal to extend a short-term alliance on oil curbs…



Gazprom Export LLC in the beginning of 2018 completed the bidding procedure to sell helium from the Amur gas processing plant (Amur GPP)

14.03.2018


Gazprom Export LLC in the beginning of 2018 completed the bidding procedure to sell helium from the Amur gas processing plant (Amur GPP). This resulted in the signing of the long term sales and purchase agreements (SPA) and the allocation of the vast part of the Amur GPP Helium quantities among the largest global industrial…



More than two thirds of Power of Siberia gas pipeline ready by early February — Gazprom

07.03.2018


MOSCOW, Febuary 6. /TASS/. As of early February 2019, Russian energy giant Gazprom has already built 1480 kilometers, or two thirds of the Power of Siberia pipeline to transport Siberian gas to Russian Far East and China, a senior Gazprom manager told investors in New York on Tuesday. “As of early February, we have already…



Russia Experiences Record Year in Oil, Gas

07.02.2018


The year 2017 witnessed record levels in oil and natural gas production and gas exports to Europe, which is the most important market for Russian gas. Russia’s successes have not stopped at this point as the country seeks to become a bigger player in the liquefied natural gas (LNG) market and export more crude oil…



AnAn eyes methanol project in Russian Far East

28.01.2018


Singapore-registered AnAn Group is looking to invest in a large methanol plant in Russia’s Far East. Summa Group, a private Russian investment holding, reported signing a memorandum of understanding (MoU) on January 19 with the Singapore-registered company on the construction of the facility. The plant will be built on the eastern bank of the River…



China Looks To Increase Oil Imports

24.01.2018


China may be producing less oil, but it is refining more, fresh statistical data from Beijing has revealed, suggesting that Asia’s biggest oil consumer will continue with its international upstream push and imports will continue to increase as domestic demand expands. Last year, crude oil production in China fell by an annual 4 percent to…



The Ministry of Natural Resources sees positive prospects for the exploration of Siberian fields

26.10.2017


The Ministry of Natural Resources of Russia defined the key tasks for the development of mineral resources base. The strategy will be defined with a view of the existing reserves, shortage of certain types, economic viability, regional specificity, and opportunities for export. Sergey Donskoy, Ministerial Head, draws attention to the exploration of the Far Eastern…



Mr. Donskoy: gas will be the main energy source

04.10.2017


Global share of hydrocarbon fuel will be reduced by 50% by 2050. Starting from 2034, gas will become the main source of energy in the world, said the minister of natural resources and ecology Sergey Donskoy. “In spite of energy resources diversification, experts say that the share of hydrocarbon fuel will be decreased from 80%…