Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-08-07 19:40:00

SHELL & GAZPROM EXCHANGE

SHELL & GAZPROM EXCHANGE

Royal Dutch Shell will swap a stake in one of its international energy assets for part of Gazprom's Sakhalin-3 project, as Europe's biggest oil company extends ties with Russia.

The companies are discussing which asset would be offered to Gazprom, Shell CEO Ben Van Beurden said last week in London. For Shell, the prize is greater involvement in the world's biggest gas reserves.

"Russia sits on 25% of the world's gas reserves and is very, very close to markets that we are very familiar with," Van Beurden said July 30, on the sidelines of the company's earnings presentation. Shell is also pushing "to see how we can work with Gazprom internationally."

Shell, BP and Total are seeking more access to Russia as the country's low-cost output and proximity to Asian markets outweigh sanctions amid a slump in crude prices. While producers slash spending and mothball projects as oil slides, they need to add reserves to sustain future output. Russia has the fifth-biggest oil deposits and costs that are as much as two-thirds below the global average for Shell.

"There are less and less world class assets that can be operated at such a low price environment," said Simon Leathers, director of accounting firm BDO International UK Merger & Acquisitions. "That's where Russia represents such as opportunity."

Lower Costs

OAO Gazprom Neft, the oil-producing unit of Gazprom that operates primarily in Russia, last year produced a bbl of oil equivalent for $5.66. That compares with costs of $14.74/bbl for Shell and $9.41 for BP, according to data compiled by Bloomberg.

Shell's oil and gas production has dropped in 10 of the last 12 years. Russia accounted for about 5% of the producer's 3.08 million-bpd output in 2014, according to its annual report.

The company said on July 30 that it's preparing for a "prolonged downturn" in the oil market by cutting 6,500 jobs this year and reducing capital investment by $7 billion.

Shell and Russia's gas-pipeline monopoly plan to swap assets in a deal that may happen in a year, Gazprom CEO Alexey Miller said June 26 in Moscow.

Officials at Gazprom's press service couldn't immediately comment the plan to swap assets with Shell.

The Hague-based Shell is also pushing to expand Russia's only LNG plant linked to the Sakhalin-2 oil and gas project in the Far East of the country, Van Beurden said. Shell owns a 27.5% stake in export-oriented Sakhalin-2.

Russian Attraction

"We've been working with Gazprom for quite a few years to understand how we can take the project further," Van Beurden said. Supplies from Sakhalin-2 make up about 9% of the gas needs of Japan, the world's biggest LNG buyer, he said.

Gazprom, Shell, E.ON and OMV also agreed in June to build two gas pipelines under the Baltic Sea to Germany, with a annual capacity of 55 billion cubic meters.

Russia is attracting other big western oil companies even as US and European sanctions limit certain types of investment. BP holds 20% of OAO Rosneft and in June, the British company agreed to invest in Rosneft's Siberian fields. Total is raising funds for a Russian gas export project.

ExxonMobil and Rosneft jointly bid for licenses in Mozambique, the Russian company said July 30.

One day later, the US tightened sanctions against Russia, adding the son of a billionaire ally of President Vladimir Putin and a sovereign wealth fund in what it said was a fight against efforts to circumvent the restrictions. The US and the European Union have existing sanctions following Russia's annexation of Crimea.

The sanctions have put restrictions on exploration for shale, Arctic and deep-water oil. The sanctions do not bar companies from drilling in onshore fields or investing in gas- export projects.

gasprocessingnews.com

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More: 

RUSSIA VS US: BATTLE 

RUSSIAN INVESTMENT SHOW 

RUSSIA HAS A FIVE YEARS 

GAS: FROM RUSSIA WITH LOVE 

GLOBAL GAS DEFICIT

 

 

Tags: RUSSIA, EUROPE, GAZPROM, SHELL, GAS

Chronicle:

SHELL & GAZPROM EXCHANGE
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

SHELL & GAZPROM EXCHANGE
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

SHELL & GAZPROM EXCHANGE
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

SHELL & GAZPROM EXCHANGE
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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