Gazprom Aims to be Top Gas Marketer

Thursday, February 23, 2006
Russian natural gas company OAO Gazprom has set its sights on becoming one of the top 15 natural gas marketers in the U.S., www.marketwatch.com reported. The company expects to handle volumes of around 1 billion to 3 billion cubic feet a day or more once Russian exports of liquefied natural gas, or LNG, start flowing around the end of the decade. The company will consider investing in regasification facilities, but so far has no concrete plans to do so. Gazprom, the world's largest natural gas producer, supplies about a quarter of Europe's natural gas and has begun to set its sights further afield. In the U.S., that will mean pursuing a fully integrated strategy. Russia isn't exporting any LNG yet. Gazprom has three major LNG projects under way, including the massive offshore Shtokman field in the Barents Sea and a planned Baltic LNG liquefaction plant near St. Petersburg. It also has an agreement with Royal Dutch Shell Group PLC (RDSB) to acquire a 25% stake plus one share in the Sakhalin II project on Russia's Pacific coast. Sakhalin II is likely to be the first to begin exporting Russian LNG, and is scheduled to come online in the summer of 2008. Gazprom eventually plans to set up a gas marketing and trading office in Houston, Texas, but so far the company has no timeline for doing so. Gazprom plans to sell its own gas to U.S. markets but may also market significant amounts of third-party gas as well. The volumes of Russian gas to be sold in the U.S. will also depend on how much LNG Gazprom will sell in other markets such as Europe. (Source: www.marketwatch.com)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Russia Diesel Exports from Primorsk to Rise in May

Russia is set to export 1.256 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in May, slightly up from 1.209 million tonnes in April, trading sources said on Friday.

Oil Rally is Not Just About Hedge Funds: Kemp

Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts.

Pressure Steady on LNG Shipping Rates -Drewry

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition

LNG

Pressure Steady on LNG Shipping Rates -Drewry

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition

Samsung Heavy Loses $4.6-bln FLNG Order

South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder,  has received a contract termination for three floating liquefied

AIDAprima Makes Maiden Call at Southampton

AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0716 sec (14 req/sec)