Russian state-owned oil and gas giant Gazprom is currently working to create a liquefied natural gas (LNG) distribution hub in Bahrain. The hub will be meant to intake LNG from various sources, including Russia.

The parties focused, inter alia, on the exploration activities in blocks 112 and 129–132 and the joint development of the Moc Tinh and Hai Thach fields. It was noted that the construction of 12 production wells, three production platforms, a floating hydrocarbon storage terminal, and a submarine pipeline system had been completed at these fields. The total accumulated production from the Moc Tinh and Hai Thach fields since its launch in 2013 has now reached 4.5 billion cubic meters of gas and 1.1 million tons of gas condensate.

Rosneft appreciates the prospects of cooperation with Pertamina, which will provide an additional channel for Rosneft to supply its high-margin products to one of the fastest growing economies in the region (4.79% GDP growth in 2015). The Republic of Indonesia, with a population of 254 million people, is the largest Asian-Pacific net importer of motor fuels and petrochemicals. Petroleum products, produced from Russian crude, are supplied to Indonesia primarily from South Korea and Singapore. It is crucial for Rosneft to arrange direct shipments of hydrocarbons, which will increase the economic efficiency of oil refining in Indonesia.

“Expanding LNG exports will create American jobs, grow our economy, strengthen the global marketplace and bolster strategic alliances abroad. U.S. LNG exports not only provide international consumers with greater choice, but also help them break dependence on nations that use their energy resources as a diplomatic and political weapon.

Russia has been developing new pipeline projects such as South Stream, Turk Stream and Nord Stream 2. If one of them were to be realized then transit risk stemming from Ukraine would be severely minimized and Moscow would have important strategic leverage.

The world’s biggest energy user increased inbound shipments to 91.1 million metric tons in the first three months of the year, data from the Beijing-based General Administration of Customs showed on Wednesday. That’s equivalent to about 7.34 million barrels a day, 6 percent higher than the previous quarter and 13 percent up from the same period last year. Imports last month fell about 4 percent from February’s record to 7.71 million barrels a day, the third-highest ever.

“Our goal is to sell LNG,” she said. “We’re happy to help local developers by investing in infrastructure if it helps the market grow.”

В нефтяной отрасли, в прошлом году отмечался прирост добычи нефти и газового конденсата (+1,4 % по сравнению с 2014 г.), был установлен новый национальный рекорд по добыче – 534,1 млн тонн. Благодаря задействованным механизмам льготирования, выросла добыча в Восточной Сибири и на Дальнем Востоке – на 7,8% до 63,5 млн тонн, на континентальном шельфе – на 17,3% до 19 млн тонн, на месторождениях с трудноизвлекаемыми запасами – на 1,2% до 33 млн тонн.

Lissik responded that on the contrary, Nord Stream 2 did not enter the EU internal market, and that Russia was not banned from trading with the EU. Economic exchange with Russia was continuing, and it is unfair to project political views and to focus on conflict when discussing Nord Stream 2. “We are trying to depoliticise the project. Its only target is to have a business case,” he said. “This is not the Kremlin.”

Europe became a low-priced ‘market of last resort’ for the global LNG trade, with most world supply growth absorbed by the region -- up 16% at 83.15mn mt, as net imports recovered thanks in part to a 31% fall in re-exports – but imports by the Middle East also grew.

Poorly conceived policies could restrict development of abundant domestic natural gas resources and deny the US energy security, economic, and geopolitical opportunities.

Last month, the state-owned Southern Gas Corridor Company (SGCC) raised $1bn in a 10-year eurobond at 6.875% yield. However, it met only half of its original plan.

Обсуждая вопросы текущей деятельности компании в России, участники встречи отметили позитивное сотрудничество во всех сферах, в том числе в нефтегазовой отрасли. "Северный поток-2, являясь коммерческим проектом, направлен на повышение надежности энергоснабжения Европы и обеспечение дополнительных поставок газа.

The prospect of Sino-Russian gas cooperation could be very broad and more importantly decades of negotiation, joint projects and interactions have laid the foundation for future cooperation.

“Today, we signed a number of important documents aimed at further advancing the dialogue with our strategic partner OMV. Our relationship is no longer limited to business. By consistently enhancing our cooperation, we are moving toward our ambitious goals – increasing the supplies of Russian oil and gas to Europe and developing the scientific and technical potential of our companies.”