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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
2019, January, 18, 10:25:00

BANGLADESH'S NEW ENERGY

PLATTS - Bangladesh is planning to step up efforts to liberalize its gas and LNG sectors from 2019 in order to boost private investment and enhance energy security, a move that would likely increase domestic downstream competition and affect the competitiveness of existing oil-linked LNG supply contracts.

YAMAL LNG ENACTED
2019, January, 18, 10:20:00

NOVATEK PRODUCTION +6.9%

NOVATEK - In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 35.1 million boe, or by 6.9% as compared with the twelve months 2017.

YAMAL LNG ENACTED
2019, January, 16, 11:40:00

OIL PRICE: ABOVE $60

REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.

YAMAL LNG ENACTED
2019, January, 16, 11:35:00

GERMANY PROTECTS EUROPE

REUTERS - Germany will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said.

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