SURGUTNEFTEGAZ: CASH $28B
REUTERS. The cash reserves of Russia's third-largest crude oil producer Surgutneftegas jumped by 17 percent to more than 1 trillion roubles ($28 billion) in 2013, company data and Reuters calculations showed on Monday.
Analysts believe the company, based in West Siberian city of Surgut, has built up its cash pile to safeguard against a possible hostile takeover. The company has never commented on the reasons for its large cash reserves.
The deposits earned just 3 percent interest last year, leading some analysts to question whether it would…
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Совет директоров ПАО «Газпром» одобрил проводимую компанией работу по реализации крупнейших инвестиционных проектов. В числе приоритетных направлений деятельности компании — Восточная газовая программа.
В 2018 году «Газпром» поставил в Сербию 2,15 млрд куб. м газа — на 1,2% больше чем в 2017 году (2,12 млрд куб. м).
IEA - At the moment, Russia is sending record volumes to Europe while LNG utilisation rates remain relatively low. Limits to European production capacity and import infrastructure (with over half of pipelines operating at monthly peaks above 80%) may contribute to market tightness over the coming years, particularly if Asia continues to absorb the ramp up in global LNG liquefaction capacity.
The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.