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Posts Tagged ‘Gazprom’

Nord Stream 2 Foreign Partners Want to Stay in Project – Russian Deputy PM

04.09.2017: MOSCOW (Sputnik) — Gazprom’s foreign partners for the Nord Stream 2 pipeline project say they want to continue participating in the project, despite US sanctions, Russian Deputy Prime Minister Arkady Dvorkovich told Sputnik Monday.

The Nord Stream 2 gas pipeline, a joint venture between Russia’s Gazprom, France’s Engie, Austria’s OMV AG, Royal Dutch Shell and Germany’s Uniper, envisages the construction of a pipeline with an annual capacity of 55 billion cubic meters (1.9 trillion cubic feet) of natural gas. FULL ARTICLE read more

Warning of US sanctions ‘disaster’ for Russia energy projects

By: Henry Foy in Moscow and Andrew Ward in London

International energy investments in Russia will suffer from new US sanctions imposed on Moscow, executives have warned… A senior executive at a western oil group with a large presence in Russia told the Financial Times that the new sanctions “could be a disaster” given its current business in the country. Mr van Beurden said Shell had authorisation from Dutch authorities to press ahead with financing of Nord Stream 2, but was waiting to see how the US situation “evolves.” FULL FT ARTICLE read more

EU warns U.S. it may respond swiftly to counter new sanctions on Russia

Alissa de Carbonnel: 26 July 2017

BRUSSELS (Reuters) – The European Union warned on Wednesday that it was ready to act within days to counter proposed new U.S. sanctions on Russia, saying they would harm the bloc’s energy security.

Sanctions legislation overwhelmingly approved by the U.S. House of Representatives on Tuesday has angered EU officials…

FULL ARTICLE

Shell News 11 July 2017

Energy transition chatter should go beyond Western viewpoints, says Shell CEO: International Business Times: 11 July 2017

Discussions over the global energy mix and the transition to a low carbon global economy should not only focus on Western perspectives, according to Royal Dutch Shell’s chief executive officer Ben van Beurden. READ MORE

Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands: Bloomberg: 11 July 2017

Shell is studying developing a global network of liquefied natural gas supply hubs for vehicles including ships, Steve Hill, executive vice president for gas and energy marketing and trading, said Monday at the World Petroleum Congress in Istanbul. READ MORE

Oil majors among top contributors to greenhouse emissions, report says: EnergyVoice.com: 11 July 2017

More than half of global industrial emissions can be traced back to just 25 corporate and state producing entities, the report says. China, India and Russia’s coal industries and major oil and gas players like Saudi Aramco, Gazprom, ExxonMobil, BP and Shell are among those named in the paper from CDP, formerly the Carbon Disclosure Project. READ MORE read more

Shell News Updated Saturday 3rd June 2017

Shell fears ‘backlash’ from Paris deal exit: The Times: Saturday 3 June 2017

The Anglo-Dutch company has been one of the most outspoken oil industry supporters of the 2015 accord, telling Mr Trump that withdrawal would weaken America’s position globally.

Shell still working to reduce emissions despite U.S. pullout from Paris agreement: The Times: Saturday 3 June 2017

President Donald Trump pulled the United States out of the Paris climate agreement Thursday, but one of the largest companies in the world said it will still do its part to provide clean energy.

Big payout for Shell and ExxonMobil from NAM holding: DutchNews.nl: 2 June 2017

NAM has €3.4bn earmarked for provisions on its balance sheet. A small portion of this, 15% or €495m, is reserved for claims made against the company for earthquake damage. read more

Shell News Update 29 May 2017

Leave oil rigs in the North Sea, say conservationists: The Guardian: Monday 29 May 2017

Conservationists want oil companies and regulators to consider leaving more old rigs in the North Sea rather than removing them, with the savings paid into a fund to protect sealife.

Gazprom and Shell discuss joint prospects under Agreement of Strategic Cooperation: EIN News: 29 May 2017

In 2015, Gazprom and Shell signed the Memorandum to construct the third production train of the LNG plant, as well as the Agreement of Strategic Cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap.

Shell, partners start deepwater production at new FPSO in Brazil: 29 May 2017

KUALA LUMPUR (May 29): Petroliam Nasional Bhd (Petronas) has given the greenlight to Royal Dutch Shell PLC for the sale of the latter’s 50% stake in the 2011 North Sabah enhanced oil recovery production sharing contract (PSC) to Hibiscus Petroleum Bhd’s indirect unit SEA Hibiscus Sdn Bhd. read more

Gazprom and Shell Reaffirm Strategic Cooperation

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By MarEx 2016-10-05 19:55:14

Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, discussed developments in their strategic cooperation, signed in 2015, this week at the sixth St. Petersburg International Gas Forum.

The parties discussed a wide range of issues related to the development of strategic partnership in the energy sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). It was noted that the preparation of design and FEED documentation is nearing completion. read more

Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

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screen-shot-2016-09-28-at-11-44-04Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

By Katya Golubkova | YUZHNO-SAKHALINSK/PRIGORODNOYE, RUSSIA: Thu Sep 29, 2016 | 2:25am EDT

Gazprom said on Thursday it plans to launch a third liquefied natural gas (LNG) production train at the Sakhalin-2 LNG plant in 2021, possibly fed by a newly drilled field, as Russian companies seek to boost their share of the global LNG market.

Russia accounts for less than 5 percent of the global LNG market but new plants are being built or considered by Novatek, Gazprom and Rosneft.

Located at Prigorodnoye on Sakhalin island, Sakhalin-2, Russia’s sole LNG plant, operates two production lines with a combined capacity of 10 million tonnes of LNG per year. The third train should add another 5 million tonnes. read more

Gazprom and Shell committed to broader cooperation in LNG sector

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Gazprom and Shell committed to broader cooperation in LNG sector

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Greenpeace image relating to Shell/Russia Arctic Drilling Plans

June 16, 2016, 17:30

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, took place today at the St. Petersburg International Economic Forum 2016.

The parties discussed the progress of and prospects for strategic cooperation in the LNG sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). Design and FEED documentation are currently being prepared for the new production train. read more

Western leaders, CEOs visit Russia amid sanctions fatigue

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Shell CEO Ben van Beurden bows to President Putin of Russia.

NATALIYA VASILYEVA, ASSOCIATED PRESS: June 15, 2016 Updated: June 16, 2016 1:29pm

Following a meeting with Putin, Royal Dutch Shell’s CEO Ben van Beurden and state-owned gas giant Gazprom announced plans to build an LNG plant in Russia together. France’s Total is working with Russia’s largely private gas producer on a liquefied natural gas project.

The fact that the CEOs of top American companies have in a sense defied their government shows that they put their business interests before any political considerations, analysts say. read more

Gazprom, Shell to invest $13 bln in projects in Russia – Russian Energy Minister

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Shell CEO Ben van Beurden bows to Russian President Putin at the Kremlin: April 2014

Thu Jun 16, 2016

ST PETERSBURG, Russia, June 16 (Reuters) – Energy major Shell and Russia’s gas major Gazprom will jointly invest $13 billion in three projects in Russia, Russian Energy Minister Alexander Novak said on Thursday.

Novak said that Shell would take part in the development of Gazprom’s Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific.

The two companies will also jointly invest in the Baltic Sea Liquefied Natural Gas plant and in the Sakhalin-2 LNG plant expansion. read more

Gazprom, Shell sign memo on Baltic LNG project

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Shell CEO Ben van Beurden bows to President Putin

Thu Jun 16, 2016 8:11am EDT

Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural gas (LNG) plant on the Russian coast of the Baltic Sea.

The memorandum says the companies will look into possibilities of building the LNG plant in the port of Ust-Luga with an annual capacity of 10 million tonnes.

Gazprom and Shell are already partners in Russia’s only LNG plant on the Pacific island of Sakhalin which has a capacity of 10 million tonnes per year. read more

Shell & Gazprom agree Baltic LNG project

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Screen Shot 2016-05-21 at 10.18.2816 June 2016 

Russia’s Gazprom and Anglo-Dutch energy major Shell have inked a letter of understanding to begin a liquefied natural gas project at the Russian port of Ust-Luga on the Baltic Sea.

CEOs Aleksey Miller and Ben van Beurden signed the agreement at the 20th International Economic Forum in St. Petersburg.

The project aims to diversify Gazprom’s LNG sales operations and to boost its LNG portfolio.

The enterprise will reportedly include a two-train LNG plant as well as a pipeline connected to the Gazprom network. The Baltic LNG Plant will have a capacity of about 10 million tons of gas annually with an option to expand to 15 million tons. The new plant will start operating in December 2021. read more

Russia’s Gazprom, Shell to sign deal on Baltic LNG project – Kremlin

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Screen Shot 2016-06-14 at 16.44.45Tue Jun 14, 2016 1:32pm GMT

MOSCOW, June 14 (Reuters) – Russian gas giant Gazprom and oil major Shell will sign a deal on a planned Baltic liquefied natural gas (LNG) project on the sidelines of a forum in St. Petersburg later this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.

He said the deal will be signed in the presence of Russian President Vladimir Putin, who will meet Shell’s Chief Executive Ben van Beurden at the forum.

Gazprom plans to build the plant, which may produce up to 20 million tonnes of LNG per year, by December 2021. read more

Dutch Take On Gazprom in Battle Over Europe’s Oil-Linked Gas

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Screen Shot 2016-05-13 at 10.52.28The legal action coincides with government curbs on output after earthquakes in the Netherlands…

By Kelly Gilblom: May 18, 2016

In its new role as a natural gas importer, the Netherlands wants to make sure it doesn’t overpay.

GasTerra BV, the nation’s biggest buyer and seller of gas, initiated arbitration against Gazprom PJSC’s export unit, the Russian company said Monday. It is seeking a price review for fuel purchased from Europe’s largest supplier under a long-term contract linked to oil, which has rallied this year as the price on gas hubs extended declines.

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The legal action coincides with government curbs on output after earthquakes in the Netherlands, home to the European Union’s largest gas field, which turned it into a net importer of the fuel. Utilities from Germany’s RWE AG to Turkey’s Botas Boru Hatlari Ile Petrol Tasima AS filed arbitration claims against Gazprom PJSC’s export unit after market prices fell below contract rates, with EON SE and Engie SA settling cases with Europe’s biggest gas supplier this year. read more

Shell, Gazprom’s Russian LNG Venture Readying Export Boost Plans

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Screen Shot 2015-12-18 at 08.13.03By Stephen Stapczynski and Ichiro Suzuki: Bloomberg.com: Dec 18, 2015

Sakhalin Energy Investment Co., the only liquefied natural gas exporter in Russia, has agreed to begin design work on an expansion, the joint venture said Friday.

The partners — Gazprom PJSC, Royal Dutch Shell Plc, Mitsui & Co. and Mitsubishi Corp. — will add a third production unit at the Sakhalin-2 LNG export terminal to raise capacity by 4.8 million metric tons to 14.4 million metric tons a year, Miyuki Shiga, a Mitsui spokeswoman, said by phone. The design process will take about a year and the first cargo from the new unit is expected to ship early next decade, Shiga said. read more

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