RUSSIA LOOK FOR MORE GAS
Varyeganneftegaz, a subsidiary of Rosneft, is launching the first stage of a program to look for more gas at the blocks licensed to it in the Khanty-Mansi autonomous area (Yugra). This was discussed at a round table on the development of Rosneft's subsidiaries in Yugra. The focus will be on the Vanyegan and North Varyegan blocks, said Varyeganneftegaz press service.
After a detailed 3D seismic, three exploration wells were set up at the North Varyegan deposit alone. When drilling there is completed, comprehensive development of the block will begin. Varyeganneftegaz estimates its current recoverable resources of natural gas at 238bn cubic meters. It is going to implement a comprehensive project to increase gas production over the next several years.
The round table discussed also oil production. Varyeganneftegaz's oil deposits are its main resource, estimated at more than 550mn tons. According to the Western classification, the firm's reserve production ratio is estimated at around 30 years, and according to the Russian one it equals 100 years.
|March, 16, 10:40:00|
|March, 16, 10:35:00|
|March, 16, 10:30:00|
|March, 16, 10:25:00|
|March, 16, 10:20:00|
|March, 16, 10:15:00|
BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.