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2014-09-01 18:00:00

RUSSIA & CHINA: BEGINNING WORK

RUSSIA & CHINA: BEGINNING WORK

China and Russia are set to begin construction of the natural gas pipeline in Russia's eastern Siberia this weekend, reports Xinhua news agency.

Chinese Vice Premier Zhang Gaoli flew in from Moscow to Yakutsk, the capital city of Russia's Sakha (Yakutia) Republic, Sunday evening to attend a start-of-construction ceremony for the Russian part of the East Route of the China-Russia natural gas pipeline, the news agency said.

Earlier this year, China and Russia on signed the much delayed gas supply deal in Beijing.

'China and Russia Purchase and Sales Contract on East Route Gas Project' was signed at a ceremony attended by Chinese President Xi Jinping and Russian President Vladimir Putin in May.

As per the deal, Russia will supply 38 billion cubic meters of natural gas annually from 2018 via east route pipeline for a period of 30 years.

Gas will be supplied from eastern Siberia and Sakha Republic Kovykta gas field. Gazprom would be responsible for field development, gas processing plants and pipelines in Russia. CNPC will be responsible for construction of facilities within China

naturalgasasia.com

Tags: RUSSIA, CHINA, GAS, GAZPROM, CNPC

Chronicle:

RUSSIA & CHINA: BEGINNING WORK
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

RUSSIA & CHINA: BEGINNING WORK
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

RUSSIA & CHINA: BEGINNING WORK
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

RUSSIA & CHINA: BEGINNING WORK
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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