CHINA STARTED TO BUILD
Construction has begun on the Chinese section of the Russia-China Gas Pipeline, according to China National Petroleum Corp.
The June 29 commencement ceremony took place at the construction site in Heihe, Heilongjiang province, and by video link to Beijing and Moscow. The Chinese section will extend from Heihe to Shanghai.
CNPC and OAO Gazprom signed a 30-year gas purchase and sales contract for the eastern route pipeline in May 2014.
Construction of the Russian section, known as Power of Siberia, began in September.
Gazprom will start transporting gas to China via the eastern route in 2018. Gas delivery will gradually increase to 38 billion cu m/year.
CNPC and Gazprom also have signed a heads of agreement for gas supply via a western route from Western Siberia to China.
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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.
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.
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.
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.