GAZPROM & CHINA: SEQUENTIAL DEVELOPMENT
A Gazprom delegation headed by Alexey Miller, Chairman of the Company's Management Committee, paid a working visit to China today.
During the visit a meeting was held between Alexey Miller and Zhang Gaoli, First Vice Premier of China's State Council.
The parties addressed strategic bilateral cooperation. It was noted that the collaboration between Gazprom and Chinese energy companies and financial institutions was consistently developing.
The meeting discussed issues related to pipeline exports of Russian gas to China. In particular, the meeting focused on the eastern and western routes. Progress was recorded in all areas of cooperation.
Another meeting was held today between Alexey Miller and Wang Yilin, Chairman of the Board of Directors of CNPC. Particular attention was given to gas exports to China via the western route. The parties also addressed prospective collaboration in the field of underground gas storage in China, power generation, and use of gas as a vehicle fuel.
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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.
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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.