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2015-04-30 19:05:00

GAZPROM READY FOR CHINA

GAZPROM READY FOR CHINA

Russia's gas giant Gazprom is ready to launch gas supplies to China via the so-called eastern corridor within 4 years, Deputy Chairman of Management Committee Alexander Medvedev said Wednesday.

"Negotiations on Altai [western corridor pipeline] have no impact on implementation of eastern route supplies. The eastern route implementation is as scheduled so the beginning of supplies depends not on this schedule though on the readiness of the Chinese system to receive the gas. There is some certain time span up to 2 years but according to our schedule we're ready to launch supplies within 4 years if the Chinese side is ready to receive the gas," Medvedev said.

Natural gas will be supplied to China via the Power of Siberia gas pipeline. The pipeline is designed to pump natural gas from the giant Chayanda oil and gas condensate deposit in Yakutia in northeast Russia and the Kovykta gas condensate field in the Irkutsk Region in Eastern Siberia. The Power of Siberia will run along the operational East Siberia - Pacific oil pipeline.

The first stage envisages the construction of the Yakutia-Khabarovsk-Vladivostok trunk gas pipeline. During the second stage, the Irkutsk gas production center based on the Kovykta deposit will be connected with the Yakutia center based on the Chayanda field.

The gas pipeline's first stage is scheduled to be commissioned in 2018.

oilandgaseurasia.com

Tags: GAZPROM, CHINA, GAS, PIPELINE

Chronicle:

GAZPROM READY FOR CHINA
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

GAZPROM READY FOR CHINA
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

GAZPROM READY FOR CHINA
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

GAZPROM READY FOR CHINA
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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