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2014-03-19 20:07:00

SAKHALIN PRODUCTS LNG

SAKHALIN PRODUCTS LNG

NGE. Russia's Sakhalin Energy said on Monday it has produced 50 million tonnes of LNG in the last five years. 

"This is an important milestone in the history of the Company. The delivery of the new for Russia energy product was per our contract obligations and thus we can say that Sakhalin Energy is confidently moving toward its primary objective – to be the premier energy source for Asia Pacific", Roman Dashkov, Chief Executive Officer of Sakhalin Energy, said in a note released on Monday. 

The first Russian liquefied natural gas plant has been launched in February 2009, with the bulk of the product being shipped to Japan and South Korea. 

The company was established in 1994. Its shareholders are affiliated companies of Gazprom (50% + 1 share), Royal Dutch Shell (27.5% - 1 share), Mitsui (12.5%) and Mitsubishi (10%).

Tags: SAKHALIN, GAZPROM, SHELL, LNG, GAS

Chronicle:

SAKHALIN PRODUCTS LNG
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

SAKHALIN PRODUCTS LNG
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

SAKHALIN PRODUCTS LNG
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

SAKHALIN PRODUCTS LNG
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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