NOVATEK EXPECTS JAPAN
OGE wrote, Russian natural gas giant Novatek expects Japan Inc. to lend a hand in its Arctic Circle liquefied natural gas business, CEO Leonid Mikhelson said Thursday in an interview with The Nikkei.
Novatek's LNG business is expected to be a core part of the eight-point economic cooperation plan between Japan and Russia.
Novatek is planning a new large-scale project known as Arctic LNG 2, which targets annual production of 12 million to 16 million tons of LNG, with operations aimed to start by 2025. Mikhelson expressed a desire to see Japan be a cooperative partner at every step of the plan, from gas production to liquefaction plant construction and management, all the way to sales. It was also made clear that should Japanese enterprises cooperate, the country could expect a portion of the output.
The participation of Japanese enterprises in the gas project would go a long way toward fulfilling the energy portion of the eight-point cooperation plan, Mikhelson said. The Japan Bank for International Cooperation, or JBIC, is considering a jointly financed loan with European financial institutions, totaling 1 billion euros ($1.05 billion), to a current Novatek Arctic project called Yamal LNG. Mikhelson believes that the best way forward, and a doable goal, would be for the loan to be definitively agreed upon in time for Russian President Vladimir Putin's visit to Japan Dec. 15-16.
Japan and Russia have agreed to prioritize implementing roughly 30 areas of economic cooperation by Putin's visit. Mikhelson's statements hinted at the possibility that LNG projects involving Novatek could well figure into these 30 priorities.
|September, 22, 09:20:00|
|September, 22, 09:15:00|
|September, 22, 09:10:00|
|September, 22, 09:05:00|
|September, 22, 09:00:00|
|September, 22, 08:55:00|
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.
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.
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.
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