LNG Export Strategies on Agenda at London 'Russian Day'

Press Release
Tuesday, September 25, 2012

The role of Russia as a key global supplier of natural gas will be amplified at upcoming 'Russian Day' event.

The Russian Energy Minister, Alexander Novak, confirms he will host a special ‘Russian Day’ at one of the world’s leading gas industry events in London this October.

The role of Russia as a key global supplier of natural gas will be examined during the day-long session, which also welcomes Novak’s Deputy, Pavel Fedorov, plus chief executives from petrochemical giant SIBUR and liquefied natural gas exporter, Sakhalin Energy.

Other leading government and state energy executives will also be present to explore future investment and financing issues in Russian energy and project development.

Head of Content for Gastech, Gavin Sutcliffe, said: “The involvement of so many senior Russian energy figures, including Minister Novak, indicates how seriously the Russian government is responding to the growing demands for natural gas and LNG from other consumer regions outside the EU. Russia’s shift towards the potential privatisation of large swathes of state-owned energy assets has struck a global chord – opportunities such as those currently being discussed present enormous potential for private investors and foreign organisations alike.

Mr Novak said: “I look forward to welcoming delegates and guests to the Gastech Conference and Exhibition in London. I believe that Gastech is an ideal opportunity and platform to assist international partners to co-operate more effectively, allowing the launch of new joint projects within the energy sector.

The ‘Russian Day’ is being developed in collaboration with the Energy Ministry amid growing political will in Russia to diversify the customer base and drive forwards liquefied natural gas (LNG) exports to increase business with Asian gas consumers.

The Russian government is also currently closely involved in discussions with the European Commission in a bid to cement energy ties until 2050, with Russia the EU’s single largest natural gas supplier – but appreciates that growing demand from Asia means a commitment to delivering LNG export potential is also now a top priority.


 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

LNG

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1239 sec (8 req/sec)