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2014-01-22 16:38:00

GAZPROM TARGETS FOR CHINA

GAZPROM TARGETS FOR CHINA

Gazprom on Wednesday proposed signing a major China gas export deal in May, as industry sources indicated that the Russian gas giant may offer a lower price in return for billions of dollars in upfront payments.

Talks on selling Russian gas to China have dragged on for years with the two sides unable to agree on pricing. The state-owned Russian gas firm is wary of any deal that would undercut its existing European supply contracts.

Kremlin-controlled oil company Rosneft has already established a precedent for huge advances on its exports to China, receiving at least $12 billion lump sum late last year as part of a deal to ramp up supplies.

Russia, the world's biggest gas producer, faces rising competition from liquefied natural gas exporters and aims to bolster its own production with steps that included ending Gazprom's monopoly on gas exports this year.

More information here.

Tags: GAZPROM, CHINA, CNPC, ГАЗПРОМ

Chronicle:

GAZPROM TARGETS FOR CHINA
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

GAZPROM TARGETS FOR CHINA
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

GAZPROM TARGETS FOR CHINA
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

GAZPROM TARGETS FOR CHINA
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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