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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.

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Tags: GAZPROM, CHINA, CNPC, ГАЗПРОМ

Chronicle:

GAZPROM TARGETS FOR CHINA
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

GAZPROM TARGETS FOR CHINA
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

GAZPROM TARGETS FOR CHINA
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

GAZPROM TARGETS FOR CHINA
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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