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%).
|July, 16, 11:05:00|
|July, 16, 11:00:00|
|July, 16, 10:55:00|
|July, 16, 10:50:00|
|July, 16, 10:45:00|
|July, 16, 10:40:00|
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.
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.
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.
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.