Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2019-02-06 10:15:00

MORE RUSSIAN PIPELINES

MORE RUSSIAN PIPELINES

REUTERSSteel pipe maker Tenaris will team up with Severstal, one of Russia's largest steel producers, to make steel pipes in the heart of Russia's oil and gas sector in Siberia, they said on Tuesday.

New industrial projects with Western partners have been rare in Russia in the last five years because of sanctions imposed on Moscow, but the venture between Tenaris and Severstal relies on the main source of Russia's budget revenue - oil and gas exports.

"The production will be located in close proximity to the main oil and gas companies which will ensure cost efficiency both for us and our customers' operations," Alexey Mordashov, Severstal's board chairman, said in the statement.

Tenaris and Severstal aim to serve the market for welded OCTG pipe products in Russia and neighboring countries. OCTG stands for Oil Country Tubular Goods, which are tubes that are used in oil and gas production.

The OCTG market is dominated by seamless pipes, but welded pipes are cheaper, and the partners hope to turn this factor to their competitive advantage, Mordashov told a briefing in Moscow.

Their joint venture will build a welded pipe plant to produce OCTG products in Siberia's Surgut area. The plant with annual production capacity of 300,000 tonnes will require an investment of $240 million.

Severstal will obtain a 51 percent interest in the joint venture with Tenaris owning the remaining 49 percent. Partners plan to share the investment on the same basis, and do not expect to borrow funds for it.

The plant will launch production in 2021 but will reach full capacity only in 2024. "We will need time to reach the required level of quality and build mutual relationship with customers. At the same time, of course, we will try to make it faster," Mordashov said.

Once running at full capacity, the plant will supply between 15 and 20 percent of Russian OCTG market, Paolo Rocca, Tenaris' chief executive, told the same briefing.

The final market share will depend on demand for welded pipes and services which the partners plan to offer to the market, Mordashov said.

"Today, we see that oil companies have to conduct production at more complex fields... All this may cause additional growth in demand for such products. We just expect that our production in Surgut will be the answer to those challenges that oil companies may encounter," he added.

 

-----

Earlier: 

Midstream
2019, January, 25, 09:15:00

СОТРУДНИЧЕСТВО РОССИИ И ТУРЦИИ

МИНЭНЕРГО РОССИИ - “Проект строительства газопровода «Турецкий поток» – один из флагманских проектов российско-турецкого сотрудничества. В настоящий момент продолжаются работы по строительству приемного терминала морского участка в Турции”, - добавил Александр Новак.

 
 Midstream
2019, January, 25, 08:50:00

NORD STREAM WELL ABOVE

PLATTS - Natural gas flows via the Nord Stream pipeline from Russia to Germany totaled 58.8 Bcm in 2018 -- 3.8 Bcm higher than its nameplate capacity of 55 Bcm/year -- according to the operator of the pipeline.

 
 Midstream
2019, January, 23, 11:15:00

RUSSIA - TURKEY TURKSTREAM

SHANA - Composed of two 930-km pipelines, TurkStream is able to supply over 30bcm/year of natural gas from Russia to supply Turkey's needs. After the construction of the offshore section, the onshore section on Turkey's soil remains to be constructed for this project to be completed. According to schedule, Russia's gas is planned to be exported to Turkey via this pipeline by end-2019.

 
 Midstream
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.

 
 Midstream
2018, November, 19, 11:40:00

RUSSIAN GAS FOR EVERYONE

BLOOMBERG - The $11 billion pipeline is one of three giant projects helping the world’s biggest gas producer strengthen its grip on Europe and Asia. Thousands of miles to the east, the Power of Siberia pipeline will connect with China, and a project under the Black Sea will deliver fuel to Turkey and southeast Europe.

 
 Midstream
2018, September, 28, 09:50:00

PAKISTAN - RUSSIA GAS PIPELINE: $10 BLN

ET - In a major breakthrough, Pakistan and Russia are set to sign a $10-billion offshore gas pipeline deal on September 27 in Moscow, a project planned by the latter to capture the energy market of Pakistan.

 
Выступление Алексея Миллера 7 сентября 2017 г.
2017, December, 17, 13:05:00

Выступление Алексея Миллера 7 сентября 2017 г.

Алексей Миллер: целью Восточной газовой программы является создание единой системы добычи, транспорта, потребления и экспорта газа на Востоке России.

 

Tags: RUSSIA, PIPELINE, SEVERSTAL, TENARIS, PIPE
MORE RUSSIAN PIPELINES February, 18, 12:30:00

OIL PRICE: ABOVE $66

MORE RUSSIAN PIPELINES February, 18, 12:25:00

OIL DEMAND GROWTH 1.4 MBD

MORE RUSSIAN PIPELINES February, 18, 12:20:00

BRENT OIL: UNDERVALUED

MORE RUSSIAN PIPELINES February, 18, 12:15:00

U.S. OIL PRODUCTION 11.9 MBD AGAIN

MORE RUSSIAN PIPELINES February, 18, 12:10:00

BENEFIT FOR RUSSIA

MORE RUSSIAN PIPELINES February, 18, 12:05:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

All Publications »

Chronicle:

MORE RUSSIAN PIPELINES
2019, February, 18, 12:00:00

БЫСТРАЯ СИЛА СИБИРИ

ГАЗПРОМ - Как отметил по итогам переговоров Алексей Миллер, «строительство газопровода „Сила Сибири“ идет с опережением графика, „Газпром“ начнет поставки газа в Китай раньше намеченного срока — уже с 1 декабря 2019 года».

MORE RUSSIAN PIPELINES
2019, February, 18, 11:55:00

U.S. TIGHT OIL PRODUCTION 7 MBD

U.S. EIA - In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production.

MORE RUSSIAN PIPELINES
2019, February, 18, 11:50:00

U.S. SHALE NEED INVESTMENT

REUTERS - On Thursday, the regional price of crude was at a $1.10 a barrel premium to U.S. crude futures, the strongest in more than a year as companies including Parsley Energy, Pioneer Natural Resources, Goodrich Petroleum Corp have pared their exploration budgets, easing the constraints.

MORE RUSSIAN PIPELINES
2019, February, 18, 11:45:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.6%

U.S. FRB - Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.

All Publications »