RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-04-02 19:15:00

ROSNEFT NEEDS PRIORITIES

ROSNEFT NEEDS PRIORITIES

Despite the recent Memorandum of Understanding (MoU) between Rosneft and Golar LNG, the former's current gas strategy is narrowly focused on developing domestic reserves and initiating Liquefied Natural Gas (LNG) projects in Russia, according to an analyst with research and consulting firm GlobalData.

While the MoU can be interpreted as the continuation of Rosneft's expansion into the Latin American upstream sector, where it already has interests in Venezuelan heavy oil developments and Brazilian exploration blocks, the region's natural gas opportunities may struggle to compete with already identified, low-cost prospects in Russia.

Anna Belova, GlobalData's Upstream Analyst covering the Former Soviet Union, states that in the current environment of low prices and economic sanctions, it is fair to assume that a company, such as Rosneft, would have to prioritize its existing investments.

Belova says: "If there is any LNG development linked to Rosneft, it will most likely come from production in Russia. Rosneft's ability to export Russian LNG was signed into law in late 2013 after several years of aggressive lobbying, so the company will probably seek to capitalize on this opportunity.

"Moreover, despite Rosneft's frequently expressed ambition to become a world-class integrated oil company, the firm's major stakeholder, the Russian government, is not currently in a position to finance large international projects."

The analyst adds that Rosneft will instead continue Russia's pivot towards Asia, with Chinese companies the most likely minority participants in its giant and offshore oil and gas ventures.

Belova continues: "The company will prioritize the successful commencement of its Far East LNG project, part of the larger Sakhalin-1 development, which is expected to come online in 2018–2019. This project will enter an already crowded global liquefaction market that is forecast to double by 2018.

"Within this timeframe, GlobalData believes that the chance of additional international projects stemming from Rosneft's MoU with Golar LNG is very limited."

oilandgaseurasia.com

Tags: ROSNEFT, OIL, GAS, LNG,
Chronicle:
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:29:00
INTERNATIONAL CONGRESS AND EXIBITION TURKEY & BLACK SEA OIL AND GAS
International Congress and Exhibition Turkey & Black Sea Oil and Gas is an international, professional platform, bringing together over 200 C-suite executives from vertically integrated oil companies, general directors, CTOs of oil refineries, gas processing plants and petrochemical facilities, initiators of investment projects on oil and gas extraction from Turkey and countries of the Black Sea area, officials of regulatory authorities, licensors of production technologies and world suppliers for the industry.
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:28:00
TRANSPORTATION OIL AND GAS CONGRESS 2023 (TOGC 2023)
Transportation Oil and Gas Congress 2023 (TOGC 2023) takes place on February 20-21, 2023. The Congress brings together representatives from the whole pipeline chain and focuses on both strategic and technical issues of the oil and gas pipeline transportation.
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:27:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:25:00
QATAR LNG FOR GERMANY
Qatar, one of the world's largest LNG exporters, has been courted by European countries, including Germany and the UK, in recent months as they seek improved gas supply security amid stubbornly high prices.
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:20:00
BRITAIN'S NUCLEAR INVESTMENT
The plan is for Sizewell C to feature two EPRs producing 3.2 GW of electricity, enough to power the equivalent of around six million homes.
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:15:00
CANADA'S SMR DEVELOPMENT
The ARC-100 has also been selected for a demonstration project at NB Power's existing Point Lepreau nuclear power plant site as part of a joint strategic plan for SMR deployment set out earlier this year by the provincial governments of Ontario, Saskatchewan, New Brunswick and Alberta Canada’s SMR Roadmap.
ROSNEFT NEEDS PRIORITIES
2022, November, 30, 11:10:00
UZBEKISTAN'S URANIUM RISE
The new agreement lays the foundations of an "exclusive strategic alliance for the development of new uranium mines in Uzbekistan, beyond the Djengeldi project" and is a "significant broadening of the scope of the collaboration", Orano said.
All Publications »