RUSSIA NEEDS LNG
Sakhalin region Governor Alexander Khoroshavin believes that Russia should act quickly if it aims to bank in on the current LNG market opportunities and strengthen its position as one of the key LNG suppliers.
"We need to act most seriously and provide maximum cooperation in execution of LNG plant construction projects since we don't have so much time left to get things going," said Khoroshavin as he wrapped up his speech at the 21st World Petroleum Congress in Moscow Tuesday.
Russia's major competitors in the LNG market, the governor added, include Australia and Middle Eastern countries.
"They are actively involved in the LNG market, they build new liquefaction plants. According to our estimates, this market niche will remain open to Russia by 2020. After that our competitors will shut it. If we don't do everything we can by 2020 to resolve the issue of construction of new LNG plants and capture this niche, we might face difficulties," he added.
Russia's only LNG-producing project (Sakhalin-2, with Sakhalin Energy as operator and Gazprom, Shell, Mitsui and Mitsubishi as stakeholders) is carried out in the Sakhalin region. Taxes paid by oil and gas companies operating locally account for about 80 percent of regional budget receipts.
|October, 18, 08:00:00|
|October, 17, 10:35:00|
|October, 17, 10:30:00|
|October, 17, 10:25:00|
|October, 17, 10:20:00|
|October, 17, 10:15:00|
MEOG - Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.
REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.
FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow.
PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said