revista presei pe energie 22 iulie

2010/07/22

Adevarul: Videanu anunţă că a doua centrală nucleară a României va fi construită de francezi

Ministrul Economiei, Adriean Videanu, a cerut companiei franceze Areva să găsească un amplasament optim pentru a doua centrală nucleară din România, pe care să o şi construiască. Investitorii străini implicaţi în construcţia reactoarelor 3 şi 4 de la Cernavodă se bat pentru participaţia la care va renunţa statul, în prezent acţionar majoritar.

Relaţiile de prietenie energetică dintre România şi Franţa se vor intensifica în următorii ani pe palierul nuclear. Dacă, până acum, după anunţul României privind intenţia de construire a unei a doua centrale nucleare, francezii ne dădeau târcoale pentru a primi acest contract, a venit vremea ca România să ceară ajutorul Franţei, în ideea urgentării proiectului.

money.ro: Înfiinţarea Electra şi Hidroenergetica, suspendată cel puţin până în septembrie

Înfiinţarea Electra şi Hidroenergetica, care ar urma să comaseze principalele companii de energie şi extracţie a cărbunelui, este suspendată cel puţin până în luna septembrie, deoarece câteva firme, persoane fizice şi sindicate au contestat operaţiunea, au declarat pentru MEDIAFAX surse oficiale.

“Sunt în jur de 15 opoziţii depuse la Registrul Comerţului împotriva înfiinţării Electra şi Hidroenergetica de către persoane ficize acţionari ai Fondului Proprietatea, firme şi federaţii sindicale precum Hidrosind. Din acest motiv, înfiinţarea Electra şi Hidroenergetica este momentan suspendată”, au afirmat sursele.

Termenul iniţial anunţat de autorităţi pentru înfiinţarea celor două companii a fost 1 iulie, iar din cauza acestor opoziţii şi a vacanţei judecătoreşti, operaţiune ar putea avea loc în luna septembrie.

“Toate opoziţiile seamănă între ele, au acelaşi timp de argumente, de fapt doar nişte păreri, care nu au legătură cu calitatea de creditor. Însă, doar instanţa poate să spună dacă aceia care au înaintat aceste opoziţii au calitatea de creditor sau nu”, au mai spus sursele. mai mult

RIA Novosti: Russia’s oil, gas extraction tax may rise – official

Russia may increase taxes on natural gas and oil extraction, a Finance Ministry official said on Wednesday.

Tax on gas extraction, currently at 147 rubles ($4.80) per thousand cubic meters, may increase 61 percent starting from 2011, six percent from 2012 and 5.4 percent starting from 2013, Ilya Trunin, head of the ministry’s tax and customs regulatory department, said.

“We think, and the relevant ministries agree with us, that starting from next year the rate for the extraction of natural gas could be increased by 61 percent,” Trunin told journalists.

He added that the tax would be adjusted annually for inflation, which is expected at six percent in 2012 and 5.4 percent in 2013.

Trunin also said that oil extraction tax may rise 6.5 percent from 2012 and 5.4 percent from 2013.

“We are talking about a mineral extraction tax on oil of 419 rubles per ton, which has not been revised for a long time. It will rise 6.5 percent from 2012 and 5.4 percent from 2013,” Trunin said.

RIA Novosti: Putin discusses energy cooperation with Bulgarian counterpart

Russian Prime Minister Vladimir Putin discussed the Russian-Bulgarian energy cooperation with his Bulgarian counterpart Boiko Borisov in a telephone conversation on Wednesday, the Russian government’s press service said.

Russia and Bulgaria signed in January 2008 an agreement on the South Stream project designed to transport Russian gas to western Europe bypassing Ukraine.

However, Gazprom announced in June the possibility of re-routing South Stream through Romania, instead of Bulgaria, after Borisov said that his country would not proceed with previous agreements to build the joint gas pipeline with Russia and Greece.

The issue was settled on July 16, when the counties signed a road map for the technical and economic assessment of Bulgaria’s section of the pipeline.

The South Stream pipeline, which is considered a rival to the EU-backed Nabucco pipeline, is scheduled to be launched in December 2015.

The offshore part, operated by Russia’s Gazprom and Italy’s ENI, will run for 900 km (559 miles) from Russia’s mainland under the Black Sea to the Bulgarian coast and carry up to 63 billion cubic meters of gas a year.

Intergovernmental agreements have been signed between Bulgaria, Serbia, Greece, Hungary, Slovenia, Croatia and Austria for the implementation of the section of the pipeline that will run over land.

Putin also discussed energy cooperation with his Greek counterpart George Papandreou in a telephone conversation on Wednesday. The prime ministers agreed to hold bilateral talks. The date for the meeting is yet to be set.

Novinite: Bulgarian PM Phones Putin over Russian Energy Projects

Bulgaria’s Prime Minister Boyko Borisov and his Russian counterpart Vladimir Putinhave had a telephone conversation over the large-scale joint energy projects.

The Borisov-Putin telephone call was made Wednesday night. It was reported by theRussian government’s press service as cited by RIA Novosti.

The formal announcement, however, has revealed little detail about the matter of the talks other than “energy cooperation and the bilateral economic relations.”

RIA Novosti reminds that in January 2008 Bulgaria and Russia an agreement on the South Stream project designed to transport Russian gas to Western Europe bypassing Ukraine.

However, Gazprom announced in June the possibility of re-routing South Stream through Romania, instead of Bulgaria, after Borisov said that his country would not proceed with previous agreements to build the joint gas pipeline with Russia and Greece.

The issue was settled on July 16, when the counties signed a road map for the technical and economic assessment of Bulgaria’s section of the pipeline.

The South Stream pipeline, which is considered a rival to the EU-backed Nabucco pipeline, is scheduled to be launched in December 2015.

The offshore part, operated by Russia‘s Gazprom and Italy’s ENI, will run for 900 km (559 miles) from Russia‘s mainland under the Black Sea to the Bulgarian coast and will carry up to 63 billion cubic meters of gas a year.

Russia has signed intergovernmental agreements have been signed with Bulgaria, Serbia, Greece, Hungary, Slovenia, Croatia and Austria for the implementation of the section of the pipeline that will run over land.

energia.gr: Russia May Hike Gas Extraction Tax By 61% In 2011

The Russian Finance Ministry said it would boost taxes on natural gas extraction by 61% as it works toward balancing the budget, a blow to the powerful Kremlin-connected industry and OAO Gazprom (GAZP.RS), the world’s biggest gas producer.

An increase in the extraction tax on gas could hamper Gazprom’s ability to realize an ambitious investment plan that includes the Nord Stream pipeline through the Baltic Sea and development of theArctic Yamal Peninsula –projects considered of strategic importance by the state.

The mineral extraction tax on natural gas may be increased by 61% in 2011, and by another 6% and 5.4% in 2012 and 2013, respectively, Deputy Finance Minister Ilya Trunin said. The hike, which would be the first since 2005, has been agreed by all involved ministries and will be discussed in the government next week, he said.

Gazprom, which produces around 80% of Russia ‘s gas output, has so far been able to fight off tax hikes, arguing it needs cash to fund its investment plan. Gazprom said its board had considered a possible tax increase at a meeting Tuesday, but declined to give details.

At 1212 GMT, Gazprom’s stock was trading 2.3% higher at RUB159 on Moscow ‘s Micex index, in line with the overall market.

Analysts at UralSib said a tax increase may already be priced in by investors. A 61% hike would result in a 3% decrease in Gazprom’s earnings before interest, taxes, depreciation and amortization, or Ebitda, which is expected around $45 billion, UralSib said.

“But I still think the actual increase will be lower, possibly in the range of 15% to 25%,” said UralSib analyst Viktor Mishnyakov.

Russia is struggling to close a budget deficit that reached 5.9% of gross domestic product last year, amid the country’s first recession in more than a decade.

Last month, the government reinstated an export duty on East Siberian crude oil, following pressure from the finance ministry to find additional funds for the budget. Oil produced in the region had been exempt from export duties since the beginning of 2010 in order to stimulate investments in the region.

The proposal to hike taxes for the gas industry has been discussed in the government for several years, but has met resistance due Gazprom’s high capital spending requirements.

Finance Minister Alexei Kudrin said last month that Russia may raise the equivalent of 0.5% of gross domestic product from the gas industry.

Should the higher tax become reality, Gazprom could also seek to raise debt as it looks to fund a 2010 investment program of around $28 billion, UralSib’s Mishnyakov said.

apa.az: Italy’s Eni CEO meets with Azerbaijani Minister of Industry and Energy

Azerbaijani Minister of Industry and Energy Natig Aliyev met with Italy’s Eni CEO Paolo Scaroni, today, head of press service of Ministry Azer Mansimli told APA.

According to him, Eni’s cooperation with Azerbaijan’s oil-gas sphere, exploration of Ashrafi-Dan Ulduzu fields and participation in the construction of Trans-Caspian pipeline were discussed in the meeting.

trend.az: Bulgaria urges to start implementation of Nabucco with Bulgaria- Turkey pipeline

Bulgaria has suggested boosting the efforts to construct a natural gas pipeline connection between Bulgaria and Turkey, which can later become a part of the entireNabucco pipeline, the Sofia News Agency reported.
The establishing of the Bulgaria-Turkey natural gas pipeline should become the first functioning part of the EU project for the Nabucco pipeline, Bulgaria’s Economy Minister TraichoTraikov said at the meeting with representatives of the senior management of the Austrian company OMV AG, which is one of the partners in the project, and with the CEO of the international project company Nabucco Gas Pipeline International, Reinhard Mitschek.

“The realization of this pipeline link will practically turn into a start of the project which is going to provide Bulgaria and the EU as a whole with an access to the gas resources of the Caspian Region and the Middle East,” Traikov said.

Nabucco gas pipeline project is worth €7.9 billion. Construction of gas pipeline is planned to be launched in 2011, the first supplies – in 2014. Maximal capacity of the pipeline will hit 31 billion cubic meters per year.

Construction of the Nabucco pipeline will be implemented in two main phases. The first phase of construction (2011) includes laying a new pipeline length of 2,000 kilometers, starting at the Turkish border and ending in Austria’s Baumgarten. The second phase (2014-2015 year) includes the construction of the remainder of the pipeline on the border between Turkey and Georgia, as well as Turkey and Iraq.

Construction of the first section of Nabucco length of 2.730 kilometers will begin in the southern part of Ankara (Turkey) and will continue in the western direction to the Bulgarian border through Central Anatolia and the Marmara Sea. 75 percent of the route will pass through existing pipelines.

Participants of the project are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each of participants has equal share to the amount of 16.67 percent. Nabucco Gas Pipeline International shareholders will invest 30 percent of total cost of the project, the rest 70 percent will be paid owing to loans.

gazeta.kz: Oil in Kazakhstan May Be Too Rich for Tax to Deter Chevron: Energy Markets

The country, the world’s fourth-fastest growing supplier, will tax oil leaving its territory at $20 a metric ton, or $2.73 a barrel, from next month, according to a resolution published in the government-run Kazakhstanskaya Pravda on July 16. The duty will for the first time levy exports from Chevron Corp.’s TengizChevroil venture, Kazakhstan’s biggest producer.

Kazakhstan, holder of 3 percent of the world’s oil, is increasing taxes and borrowing to combat a widening budget deficit. The government is gambling it can profit from last year’s 78 percent gain in oil prices by squeezing cash or bigger stakes from foreign producers without hurting investment, as it did in 2008 when it doubled its equity in Kashagan, the world’s fifth-largest field.

“There’s a long way the government can keep increasing the fiscal burden on TengizChevroil and still keep Chevron and other shareholders perfectly interested,” Petr Grishin, an analyst at Renaissance Capital in Moscow, said in an e-mailed reply to questions. “I can easily imagine the duty going higher.”

Chevron is Kazakhstan’s largest private producer, owning half of Tengiz, the world’s deepest operating field, and 20 percent of Karachaganak, the only major Kazakh project in which the government isn’t involved. Maria Karazhigitova, an Atyrau- based spokeswoman for TengizChevroil, declined to comment on the tax when contacted by Bloomberg on July 15.

Seeking Revenue

Kazakhstan, bordering Russia and China, aims to raise 60 billion tenge ($410 million) from the tax this year and as much as 177 billion tenge in 2011, the Astana-based Finance Ministry said in a July 19 e-mail. The levy won’t have “any serious economic consequences for oil producers,” the ministry said.

The Caspian country tapped about 40 crude exporters to raise cash amid a tightening of global credit markets in 2008, the same year it increased its stake in Kashagan after cost overruns and delays to the scheduled start of production. Kashagan, whose shareholders include Eni SpA, Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA, is the world’s fifth-largest field, according to the U.S. Energy Information Administration.

The 2008 levy excluded Tengiz and lasted for eight months before it was cut to zero in January 2009, from $139.79 a ton at the time, when a new tax code that included a mineral extraction duty was introduced.

Following Russia

Kazakhstan is following Russia in seeking a bigger hold over its petroleum resources. Moscow-based OAO Gazprom wrested majority control of Russia’s far eastern Sakhalin-2 oil and gas project from Shell in 2007 following government pressure over rising costs and environmental lapses.

The ratio of oil-and-gas taxes to gross revenue in Russia last year was twice Kazakhstan’s, Angelina Valavina, an analyst at Fitch Ratings, said in a July 16 report. While the new levy brings the burden on Kazakh ventures closer to their Russian counterparts, the “gap will still remain favorable,” she said. Russia set its crude export duty at $248.80 a ton in July.

“A further increase of the tax burden may put pressure on the companies’ financial profiles and hinder their ability to implement sizeable investment programs,” Valavina said from London. “The state needs to find a balance between its budget goals and its ambition to tap the country’s vast oil reserves and expand hydrocarbon production.”

National Oil Fund

Kazakh Prime Minister Karim Massimov is seeking cash to help tackle a budget deficit the government expects to rise this year to 803.7 billion tenge, or 4.6 percent of gross domestic product, from 492.7 billion tenge in 2009. The government tapped the country’s National Oil Fund last year to gain control of three banks that had defaulted and sought to reorganize about $20 billion of debt.

Oil production in Kazakhstan expanded 9.9 percent last year to 1.26 million barrels a day, the fourth-largest increase worldwide after Colombia, Azerbaijan and Turkey, according to an annual statistical bulletin published by the Organization of Petroleum Exporting Countries on July 6. The country’s supply has risen for 15 straight years, according to BP Plc’s Statistical Review of World Energy.

The partners in TengizChevroil, which pumped more than a quarter of the country’s oil last year, are prepared to invest $15.2 billion in the field, state-owned KazMunaiGaz National Co. said in January. TengizChevroil paid about $3.6 billion in dividends last year to the venture’s partners, according to Bloomberg calculations using data from KazMunaiGaz.

The new tax comes as the government looks into allegations of company wrongdoing. Kazakhstan’s economic crimes agency said July 15 it’s examining 212 billion tenge of illegal oil production by TengizChevroil. Karazhigitova declined to comment on the probe.

‘Various Issues’

The government is also investigating Karachaganak Petroleum Operating BV for tax avoidance and illegally pumping crude.

“There are various issues that are currently under negotiation or investigation,” Francesca Ciardiello, a spokeswoman for Karachaganak in Aksai, said in April, declining to be more specific.

Reading, England-based BG Group Plc and Italy’s Eni hold 32.5 percent each in Karachaganak. San Ramon, California-based Chevron’s 20 percent share is the next-largest. OAO Lukoil, Russia’s biggest non-state oil producer, has 15 percent.

Karachaganak and its partners “have always maintained that the export customs duty should not apply to Karachaganak because of the tax-stabilization provisions” in the production-sharing agreement, Gulnara Sharibayeva, a spokeswoman for the venture, said in a July 13 e-mail. She declined to comment further.

Karachaganak Expansion

Reading-based BG spokesman Neil Burrows declined to comment, referring questions to the venture’s operating company. San Ramon-based Chevron spokesman Justin Higgs didn’t return calls seeking comment.

Kazakhstan expects the Karachaganak venture to decide on a third phase of development that will cost $14.5 billion, KazMunaiGaz said in February. In 2007, BG estimated the expansion would cost $8 billion by 2012.

“There is still a lot of room for oil companies to make money even if they start ceding bigger stakes in oil revenue to the Kazakh government,” Alex Prokofjevs, an analyst at Sanford C. Bernstein Ltd. in London, said in a July 16 e-mail. “Despite the reintroduction of export tax, Kazakhstan remains a very interesting exploration area and is set to grow.”

kazinform.kz: Construction of ‘Beineu-Bozoi-Shymkent’ gas pipeline likely to start in Oct – Oil & Gas Minister

Construction of Beineu-Bozoi-Shymkent gas pipeline is planned to be started in October of this year. Kazakh Minister of Oil and Gas Sauat Mynbayev has informed bout it at the sitting in Mangystau.

“The construction is planned for the fourth quarter, but probably we’ll start it earlier”, he noted.

The project is aimed at providing energy to the country’s southern regions. These regions usually consume about 4 billion cubic meters of gas annually.

Till 2013 the pipeline capacity will make 5 billion cubic meters per year. After 2013 the capacity may even increase to 10 billion cubic meters.

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