2019-04-03 10:50:00
NOVATEK, REPSOL AGREEMENT
NOVATEK- 2 April 2019, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK ("NOVATEK" and/or the "Company") announced at the International Conference & Exhibition on Liquefied Natural Gas in Shanghai, that it has signed a non-binding Heads of Agreement for the supply of LNG with Repsol.
The Heads of Agreement envisages concluding a 15-year contract with annual supply of one (1) million tons of LNG from the Arctic LNG 2 project as well as other NOVATEK's projects. The LNG will be delivered ex-ship primarily to markets on the Iberian Peninsula.
"The agreement for the sale of LNG would allow us to increase our market presence on the Iberian Peninsula where Russian pipeline gas is not supplied," noted NOVATEK's First Deputy Chairman of the Management Board Lev Feodosyev. "Expanding our supply geography and diversifying our long-term contract customer base is consistent with the Company's strategy to ramp up LNG production in the Russian Arctic."
Note:
The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. The Project is based on the hydrocarbon resources of the Utrenneye field. As of 31 December 2018, the Utrenneye field's 2P reserves under PRMS totaled 1,138 billion cubic meters of natural gas and 57 million tons of liquids. Under the Russian classification reserves totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids. OOO Arctic LNG 2 owns an LNG export license.
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Earlier:
2019, April, 1, 11:27:00
RUSSIA'S LNG WILL UP
TASS - The share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040, Russia’s Energy Minister Alexander Novak said at the Krasnoyarsk Economic Forum on Friday.
2019, April, 1, 10:55:00
RUSSIA'S LNG ELECTRICITY
Novatek PJSC is looking at power generation to unlock demand for liquefied natural gas from its massive projects in Russia’s Arctic.
2019, March, 22, 10:30:00
COMPETITIVE RUSSIAN LNG
Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.
2019, March, 7, 12:00:00
LNG TO EUROPE UP
PLATTS - The US and Russia saw the greatest year-on-year growth of LNG exports to Europe in February, on the back of higher production and flexible, price-driven supplies,
2019, March, 6, 11:20:00
NOVATEK, TOTAL AGREEMENT
NOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company”) and TOTAL S.A. signed a Sales and Purchase Agreement (“Agreement”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project (the “Project”), within the binding agreement, signed at the 22nd Saint Petersburg International Economic Forum in May 2018. The transaction will be closed by the end of first quarter 2019.
2019, March, 1, 12:00:00
RUSSIA'S LNG: NO SANCTIONS
Novatek’s Chief Financial Officer Mark Gyetvay said the company would build all equipment and technology in Russia to protect itself. “We will not hold ourselves hostage to U.S. sanctions,” he told the IP Week conference in London.
2019, March, 1, 11:55:00
RUSSIA'S LNG FOR EUROPE UP
Russia delivered a record amount of liquefied natural gas (LNG) to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time.
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April, 17, 11:45:00 |
OIL PRICE: NEAR $72 |
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April, 17, 11:35:00 |
OIL PRICES: TROUBLED WATERS |
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April, 17, 11:25:00 |
U.S. ENERGY CONSUMPTION UP 4% |
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April, 17, 11:22:00 |
21ST AFRICA ENERGY FORUM | 11-14TH JUNE | PORTUGAL |
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April, 17, 11:20:00 |
U.S. PRODUCTION: OIL + 80 TBD, GAS + 907 MCFD |
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April, 17, 11:15:00 |
EUROPE'S GAS PIPELINES RULES |
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Chronicle:
2019, April, 17, 11:10:00
RUSSIA'S ARCTIC ENERGY
Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,
2019, April, 17, 11:05:00
NUCLEAR FOR BETTER LIFE
Alexey Likhachev reminded the audience that the Forum motto is “Nuclear for better life”. Each sphere of human activity is affected by the achievements of nuclear industry. “Peaceful atom is associated with all aims and goals of UN sustainable development program. This Forum will become a space for discussing newest technologies that will lay the basis for the future of our planet”, Mr Likhachev emphasized.
2019, April, 17, 11:00:00
RUSSIA, DUBAI INVESTMENT
The investment incentives provided by Dubai government and the business opportunities up for grabs on the horizon were the crux of a meeting officials of the Dubai Land Department, DLD, had with a Russian delegation who participated in the recently concluded Annual Investment Meeting 2019.
2019, April, 17, 10:55:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.1%
U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.
