Gazprom News

17 Feb 2019

Gazprom to Start Gas Supply to China

Construction of Power of Siberia gas pipeline. Pic: Gazprom

Russian gas giant Gazprom will start supplying Russian natural gas to China via the Power of Siberia pipeline almost one month early than previously planned.Alexey Miller, Chairman of Gazprom Management Committee, said after the negotiations with representatives of Chinese partner CNPC in Beijing, “Construction of the Power of Siberia gas pipeline is going ahead of schedule, and Gazprom will start delivering gas to China well in advance, as early as December 1, 2019.”Alexey Miller and Wang Yilin…

23 Jan 2019

Gazprom, Mitsui Discuss LNG Cooperation

Japanese trading house and liquefied natural gas market participant Mitsui has held talks with Russia’s giant Gazprom on cooperation in liquefied natural gas (LNG) projects.A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Masami Iijima, Chairman of the Board of Directors of Mitsui & Co., Ltd., took place in Moscow.They discussed about the progress made in two Russian plans to expand LNG output, on the existing Sakhalin Island plant in…

18 Jan 2019

Zvezda Shipyard Order Jumps Up by 42%

Image: Zvezda Shipyard

Russian Zvezda Shipbuilding Complex has increased its portfolio of orders by 42 percent in the second half of 2018.The shipbuilding and engineering complex in the town of Bolshoy Kamen in the Russian Far East said that currently, it has a total of 37 vessels in its orderbook and is in the process of securing new contracts.Zvezda’s anchor customer is Rosneft, which placed an order for 26 vessels, including 12 Arc6 and Arc7 ice-class tankers, 4 ice-class multi-purpose support vessels…

15 Jan 2019

Weak Freight Markets Hobble Sovcomflot IPO

(Photo: Sovcomflot)

Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO).The Russian government has weighed a listing of Sovcomflot for years as part of broader privatization plans, but obstacles ranging from weak markets to international sanctions placed on Russians over Moscow's role in Ukraine crisis have prevented an IPO.The Russian economy ministry has said it had hoped to raise…

10 Jan 2019

Russian President Commissions Kaliningrad LNG Terminal

Launch of a gas-receiving terminal and floating storage regasification platform in Kaliningrad Region. Photo: President of Russia Website

Russian President Vladimir Putin inaugurated a liquefied natural gas (LNG) import terminal that will serve as a back-up gas supply solution for the Russian enclave of Kaliningrad on the Baltic Sea. The facility includes floating storage regasification unit (FSRU) in Baltic Sea enclave.Gazprom CEO Alexei Miller said: "The floating storage regasification platform is currently moored at the receiving terminal; that platform will convert LNG into gas to pump into the underground facility…

18 Dec 2018

Lithuania Plans to Buy an FSRU

(Photo: Hoegh LNG)

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014, breaking the monopoly Russia's Gazprom had on natural gas supply to the country as well as neighboring Latvia and Estonia."This will keep us able…

17 Dec 2018

Russia's First FSRU to Arrive at Kaliningrad to Start Up LNG Imports

Russia's first liquefied natural gas (LNG) floating storage and regasification unit (FSRU) is expected to dock at the port of Kaliningrad on Dec. 18, a source familiar with the matter told Reuters.The FSRU, called Marshal Vasilevskiy, is being installed at Kaliningrad - a city separated from Russia and bordering with Lithuania and Poland - by Russian energy major Gazprom in a move to bypass pipeline gas deliveries via Lithuania in case there are any disruptions in gas transit.The FSRU will be the first LNG import facility in Russia, the world’s second largest gas producer.The vessel is currently anchored outside the port of Kaliningrad…

14 Dec 2018

Gazprom, Itochu Sign MoU on Baltic LNG

Yoshihisa Suzuki. Photo: Gazprom

Russian oil and gas company Gazprom and Japanese trading house Itochu have signed a memorandum of understanding (MoU) on the proposed Baltic liquefied natural gas (LNG) export project."With this document, the parties confirmed their interest in potential cooperation in the framework of the project," said a press note from the Russian gas giant.A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, President and Chief Operating Officer of Itochu Corporation, took place in St.

21 Nov 2018

Gazprom to Review Shale Gas and LNG Sectors

Sakhalin II LNG plant. Photo: Gazprom

Russian energy giant Gazprom revealed that there is still a high level of uncertainty in the long-term forecasts for U.S. shale gas production. It also said that the number of LNG-consuming countries would grow in the long term.Gazprom's Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the Company.The oil and gas company focused on the business of extraction…

19 Nov 2018

TurkStream Gas Conduit Offshore Section Complete

Pioneering Spirit pipelaying vessel. Photo: Information Directorate, Gazprom

The pipe-laying vessel  Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. The TurkStream pipeline will carry Russian gas across the Black Sea to Turkey.The command to weld the final joint of the gas pipeline’s second string was given by Vladimir Putin, President of the Russian Federation, and Recep Tayyip Erdogan, President of the Republic of Turkey.“Construction of TurkStream – a new gas pipeline connecting Russia and Turkey via the Black Sea – is entering its final stage.

07 Nov 2018

Steelhead Asia Appoints Marina Surzhenko as New Director LNG

Marina Surzhenko. Photo: Steelhead

Steelhead Asia, a unit of the Canadian LNG export project developer Steelhead LNG, said that Marina Surzhenko has taken the role of Director LNG.Based in Singapore, Marina is responsible for developing Steelhead’s business in Asia as well as leading the negotiations of LNG offtake contracts.Marina is an energy and investment management executive with 20 years of global experience in gas and LNG contracts negotiations and contract management. During her time at Shell and Gazprom…

31 Oct 2018

Gazprom 95% Completes TurkStream Gas Pipeline's Offshore Section

Image: Gazprom

Russian oil and gas giant Gazprom is progressing a number of gas pipeline  stretching across the Black Sea projects with three major projects already 95.5 percent complete, the company claimed.The TurkStream will soon see the completion of its offshore section, bringing closer a consistent the supply of Russian gas to Turkey and its neighbours."The Company continues to pursue the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China.

25 Oct 2018

US, Russian Energy Majors Join to Push LNG in India, Japan

Pic: ExxonMobil

Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, Reuters reported.The report said that  the LNG production project will come up in partnership with Japan’s SODECO and India’s ONGC Videsh.All four companies are partners in the Sakhalin-1 fields from which the requisite gas for the facility will be drawn, however Rosneft and Exxon had previously planned to build the facility without the other partners.As well as spreading the costs among more stakeholders…

17 Sep 2018

US Aims to Start LNG Deliveries to Germany in Four Years

© vladsv / Adobe Stock

U.S. companies expect to begin delivering liquefied natural gas (LNG) to Germany in four years at the latest and will challenge Russia which now accounts for 60 percent of German gas imports, the deputy U.S. energy secretary told a German newspaper."U.S. liquefied natural gas is coming to Germany. The question is not if, but when," Dan Brouillette told the mass circulation daily Bild in an interview published on Monday.U.S. President Donald Trump in July accused Germany of being a "captive" of Russia due to its energy reliance and urged it to halt work on the $11 billion…

16 Sep 2018

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy, the best cost- effective alternative fuel and significant rise in government initiatives supporting LNG adoption.According to a research report from Energias Market Research…

12 Sep 2018

Gazprom, Mitsui Sign MOU on Baltic LNG Project

Photo: Gazprom

Russian energy giant Gazprom and Japanese Mitsui & Co. Ltd. have signed a memorandum of understanding at the Eastern Economic Forum on the liquefied natural gas plant project Baltic LNG.The memorandum was signed after the meeting between Gazprom CEO Alexey Miller and Mitsui Chairman of the Board of Directors Masami Iijima.The parties discussed the ongoing cooperation on the Sakhalin II project and the prospects for collaboration between the companies. In particular, the meeting…

27 Aug 2018

Dynagas LNG Partners Gets Extension of Yamal LNG TC

Image: Dynagas LNG Partners

Dynagas LNG Partners has entered into an agreement with Yamal Trade for the early commencement of the long term charter contract for employment of the ice class liquefied natural gas (LNG) carrier Yenisei River in the Yamal LNG Project. The owner and operator of LNG carriers said that pursuant to this agreement, the Yenisei River will commence operating 180 days earlier and as a result, the firm charter period has been extended from 15 years to 15 years plus 180 days. The Yenisei River was delivered early to Yamal LNG on August 14…

28 Aug 2018

Equinor to Boost Drilling to Extend Norwegian Shelf Life

Photo: Harald Pettersen / Equinor

Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3,000 wells offshore from its native Norway in coming decades - almost as many as it has drilled since its startup in 1972 - to mitigate declining output from older fields, and extend the production lifetime of more than 20 installations.The company said it remained on track for to keep profitable oil and gas production in Norway towards 2030…

10 Aug 2018

Sovcomflot's Pskov Loads First Cargo from Yamal LNG

Image: Sovcomflot Group

The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production line at the Yamal LNG plant.August 08 marked the launch of the second production train at Yamal LNG, which happened six months ahead of schedule.Pskov is a state-of-the-art Atlanticmax LNG carrier with a cargo capacity of 170,000 cubic metres. She was built to order for Sovcomflot Group in 2014, to transport LNG under a long-term time charter agreement with Gazprom.

31 Aug 2018

Yamal LNG Exports Accelerate in Time for Winter

(File photo: Sovcomflot Group)

Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility, Sakhalin, for the first time in August.The pace of commissioning the multi-billion dollar project has surprised a market used to chronic delays. Additional volumes from the start of another facility should now come in time for the northern hemisphere winter, a time of price spikes.Novatek said earlier this week it had begun commissioning the third train…

29 Jul 2018

Novatek Spuds First Well at North-Obskiy

Photo: Novatek

PAO Novatek announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area located in the shallow waters of the Ob Bay.The initial well is drilled using a jack-up floating drilling rig “Amazon” leased from “Gazprom flot”. The drilling process is based on zero discharge principle, whereby all of the waste products are collected and transported 125 km to Sabetta onshore base."We commenced drilling our first well at the North-Obskiy license area characterized with significant geological potential and favorable location in terms of logistics…

01 Aug 2018

Trump Bets on New European LNG Terminals

© Wojciech Wrzesien / Adobe Stock

U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…

12 Sep 2018

Environmentalists File Second Complaint to Block Nord Stream 2

Photo courtesy of Nord Stream 2

Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish waters of the Nord Stream 2 gas pipeline intended to transport Russian gas to Germany, it said on Wednesday.Sweden approved the pipeline in June, but ClientEarth's complaint argues that the Swedish Ministry of Enterprise and Innovation failed to consider the impact the project would have on wildlife in the Baltic Sea.The work involves detonating World…

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