revista presei pe energie 18 octombrie – part II

2010/10/18

RIA Novosti: Russia’s Itera launches gas pipeline in Turkmenistan

Russia’s large independent oil and gas producer Itera has put into operation its $176 million natural gas pipeline in Turkmenistan, the Turkmen television reported on Saturday.

The 198-kilometer pipeline is linking gas deposits in the Karakum Desert with the Central Asia – Center gas pipeline system running from Turkmenistan via Uzbekistan and Kazakhstan to Russia.

The new pipeline will help increase annually supplies of Turkmen natural gas to Russia to 3 billion cubic meters and later to 5 billion.

Turkmenistan, which annually produces some 75 billion cubic meters of gas, is home to South Yolotan, the world’s fourth largest gas field with estimated reserves of 4 to 14 trillion cubic meters.

Russia, along with China and Iran, is a major consumer of Turkmen gas. The Central Asia – Center gas pipeline system is controlled by Russia’s energy giant Gazprom.

In late September, Turkmen president Gurbanguly Berdymukhamedov said Turkmenistan would continue to maintain a policy of strategic cooperation with Russia in the oil and gas sphere despite the negative impact of the global economic crisis on joint projects.

tr.com: Rosneft buys German refining stake from PDVSA as Chavez visit strengthens energy

Rosneft has signed a deal with Petroleos de Venezuela to acquire its 50% stake in Germany’s Ruhr Oel for $1.6 billion dollars.

The purchase was signed at a meeting between Russian President Dmitry Medvedev and Venezuelan counterpart Hugo Chavez. Rosneft President Eduard Khudainatov, says the purchase will help open up European markets.

“This transaction is consistent with our strategy to expand our presence with high quality assets in key international markets. As a result of this acquisition, 18% of Rosneft’s refining capacity will be located in the heart of industrialized Europe. Furthermore, our resource base will strengthen Ruhr Oel’s competitive position, while our growing refining and petrochemical businesses will benefit from joint ownership via Ruhr Oel of leading technologies and management practices.”

Energy ties were a key part of the talks between the Russian and Venezuelan leaders Russian and Venezuelan energy ministers also expressing support for TNK-BP’s acquisition of BP assets in Venezuela, and a possible deal on joint construction of an LNG facility by Petroleos de Venezuela and Gazprom.

Business RT spoke with senior oil and gas analyst at Metropol IFC, Aleksandr Nazarov, about Russian – Venezuelan energy ties.

ITAR TASS: Russia, Poland agree on gas deal text

Russia and Poland agreed on the text of an intergovernmental agreement on Russian gas supplies to Poland, a source in the Polish Economy Ministry said on Sunday.

“The negotiations between government officials from Poland and Russia and representatives of the European committee on gas supplies in Poland have completed in Moscow. The sides have agreed on the text of an intergovernmental agreement, which is to be signed after the companies EuRoPol GAZ and Gaz-System complete the negotiations on the gas operator contract,” the source said.

The updated contract envisages Russian higher gas supplies by two billion cubic meters annually to Poland. Despite the previous agreement on the gas supply contract extended until 2037 and the gas transit contract extended until 2045, the contract timeframe remained unchanged, so Russian gas supplies will be made until 2022 and gas transit supplies until 2019, as it was stipulated in the previous contract.

Before a new agreement enters into force it is to be signed at the level of governments and between Gazprom Export and Polskie Gornictwo Naftowe i Gazownictwo (PGNiG). Their joint venture EuRoPol GAZ, which owns the Yamal-Europe gas pipeline, under the European Commission requirements, is to empower the Polish state-run company Gas-System to be an operator of the gas pipeline.

tr.com: Energy the cornerstone of Russian ties with Venezuela

The ten deals signed up to by Russia and Venezuela, during the visit by President Hugo Chavez to Moscow, underline the key role of energy in the ties between the two nations.

Leaders gave the deals their blessing, in an industry where political will counts a lot. Gazprom will build a Liquified Natural Gas facility together with Petroleos de Venezuela, and Rosneft will buy the Venezuelan state energy company’s half stake in Germany’s Ruhr Oel for $1.6 billion dollars.

Perhaps the most anticipated deal, energy ministers of the two nations, jointly expressed support for TNK-BP’s purchase of BP assets. Aleksander Nazarov, Senior Analyst at IFC Metropol said the news is of strategic significance for TNK-BP as it seeks to establish its own global presence.

“I would call this project as a first significant upstream project for TNK-BP abroad. And probably it will be the first success of TNK-BP upstream abroad.”

Russia will also build the South American county’s first nuclear plant. Russia has just completed Iran’s first civilian nuclear facility, and has already agreed to help build reactors in China and Turkey.

Both Russia and Venezuela suffer from too much reliance on energy, and share the desire to diversify, according to Russian President Dmitry Medvedev.

“Our trade turnover is not as big as we would like it to be. We have interesting investment plans and today we already develop a number of joint energy projects.”

But energy is what binds the countries and more announcements are expected from other Russian companies exploring the region.

Tags: , ,

Comments are closed.

December 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031

Site Metter