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2014-04-01 08:04:00

ROSNEFT: GAS RISING 55

ROSNEFT: GAS RISING 55

REUTERS.  Russia's Rosneft expects its gas output to reach 55 billion cubic metres (bcm) this year and rise to over 63 bcm in 2015, the company told Reuters on Tuesday.

Rosneft, the world's largest listed oil company by output, plans to build a liquefied natural gas (LNG) plant in Russia's Far East with initial capacity of 5 million tonnes a year in partnership with U.S. company ExxonMobil.

In response to questions sent by email, it said it was implementing the Far Eastern LNG project on schedule despite political tensions with the West over Russia's annexation of Crimea from Ukraine. It said the project targeted Asia- Pacific markets and was due to come on stream in 2018-2019.

Rosneft said current LNG prices in the Asia-Pacific region meant it would "successfully" carry out the project. It added that it did not expect all LNG projects announced by the United States to come on stream because of the level of U.S. domestic gas demand and competition from neighbouring Canada.

Tags: ROSNEFT, LNG, GAS

Chronicle:

ROSNEFT: GAS RISING 55
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.

ROSNEFT: GAS RISING 55
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.

ROSNEFT: GAS RISING 55
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.

ROSNEFT: GAS RISING 55
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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