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2014-03-09 17:30:00

YAMAL LNG ENACTED

YAMAL LNG ENACTED

JSC Yamal LNG reports enactment of the Agreement between the Government of the Russian Federation and the Government of the People's Republic of China on cooperation on the Yamal LNG project (hereinafter refered to as the "Agreement").

The Agreement is geared to establish favorable conditions for ivestment cooperation in the Yamal LNG Project.

The Russian side secures incentivizing tax regime for the Project, including zero Mineral Extraction Tax rate with regards to the natural gas and gas condensate, zero rate export duties for LNG and stable gas condensate, as well as VAT exemption for the imported equipment which has no equivalents manufactured in Russia.

The Chinese side, for its part, commits to buy at least 3 million tons of LNG per year, and support facilitatation of financing for the project by financial institutions of the People's Republic of China.

The Agreement is in effect throughout 31 December 2045. 

Tags: YAMAL, LNG, GAS

Chronicle:

YAMAL LNG ENACTED
2018, October, 22, 11:55:00

RUSSIA - EXXON: NEW PROJECTS

BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

YAMAL LNG ENACTED
2018, October, 22, 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.

YAMAL LNG ENACTED
2018, October, 22, 11:45:00

UKRAINE'S GAS PRICES UP 23.5%

CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.

YAMAL LNG ENACTED
2018, October, 22, 11:40:00

SCHLUMBERGER NET INCOME $644 MLN

Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion

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