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Tuesday, June 19, 2018

Gazprom News

Nord Stream 2 Dredging Starting Off German Coast

An ROV operates from the vessel Trio to explore the seabed close to Lubmin, Germany. (File photo: © Nord Stream 2 / Axel Schmidt)

A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel."Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said.

Gazprom Extends Gas Contract with Austria’s OMV

Foreground: Alexey Miller and Rainer Seele at signing ceremony. Background: Vladimir Putin and Sebastian Kurz. Photo by OMV

Russian gas firm Gazprom has signed a new deal to extend the existing gas supply contract with Austria’s OMV until 2040. Under the existing contract between Gazprom Export and OMV Gas Marketing & Trading, Gazprom agreed to supply gas to OMV until 2028. The document was signed in the presence of Vladimir Putin, President of the Russian Federation, and Sebastian Kurz, Federal Chancellor of Austria, as part of the celebrations marking 50 years of supplies of Russian gas to Austria.

Swedish Town Karlshamn Says 'Yes' to Gazprom Port Deal

Officials in Karlshamn in southern Sweden will allow Russia's Gazprom to use the city's port for the construction of its Nord Stream 2 gas pipeline after the government dropped its objections, the municipality said on Tuesday. The government had earlier expressed concerns about Gazprom's plans to use the port, but said on Monday the project did not threaten defense interests. Late last year, the island of Gotland rejected a similar deal to support the construction of the pipeline after the government expressed worries about national security. Both the Baltic Sea harbours at Karlshamn and Slite, Gotland, are situated in strategically sensitive areas, with Karlshamn around 50 kilometres from the large naval base at Karlskrona.

Gazprom GDRs Listed On Singapore Exchange

At official ceremony dedicated to Gazprom’s inclusion in Singapore Exchange listings

Today Gazprom's unrestricted American Depositary Shares (the Global Depositary Receipts or the GDRs) were granted an introductory listing and included in the quotation list of the Singapore Exchange. The listing of Gazprom's GDRs on the Singapore Exchange is a significant result of the Company's efforts to broaden its investor base globally. Investors from the Asia-Pacific region are getting access to Gazprom's remarkable long-term growth. Gazprom is committed to creating long-term value for all its shareholders…

Gazprom: Gas Exports to Europe, Turkey up 17.7% Y/Y

Russian gas exports to Europe and Turkey rose 17.7 percent year-on-year between Jan. 1 and March 15 to 42.9 billion cubic metres, gas giant Gazprom said on Thursday. (Reporting by Jack Stubbs; Editing by Susan Thomas)

New Director-General Appointed at Gazprom Export

Elena Burmistrova: Photo Gazprom

Gazprom informs that due to a considerable increase in the day-to-day business and its geographical expansion, as well as product diversification within the Company’s international activities, Elena Burmistrova has been appointed Director-General of the Russian energy major's Gazprom Export subsidiary. Gazprom explains that Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee will supervise the international business sector as well as social development and sports programs.

Gazprom to Cement LNG Ties with Kuwait

Lena River gas carrier. Photo: Gazprom

Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG)  to Kuwait, reports Tass. The talks continue in "a rather progressive mood,"during the the Energy Minister Alexander Novak’s visit to the Middle East country, the report said. However, it is too early yet to speak about finalizing them. Though Kuwait is satisfied with LNG supplies from Qatar, the parties continued the discussion on a long-term contract. Kuwait is building a new LNG terminal, which should be ready by 2020.

Russia Ramping Up Arctic LNG Production

Photo: Total

Russia may produce more than 70 million tonnes of liquefied natural gas (LNG) per year in its remote Arctic regions, the head of gas producer Novatek said on Wednesday. "The Gydan and Yamal peninsulas have a vast resource base that allows the production of over 70 million tonnes (of LNG); it is comparable to LNG production in Qatar", Leonid Mikhelson, the head and co-owner of Novatek told a conference. Novatek, which was put on the list of Russian companies sanctioned by the West over Moscow's role in the Ukraine crisis…

Alexander Gaivoronsky Heads Gazprom Transgaz Ukhta

Alexander Gaivoronsky

Alexander Gaivoronsky was appointed Director General of Gazprom Transgaz Ukhta. Alexander Gaivoronsky was born in the Sverdlovsk Region in 1975. In 1997 he graduated from Ural State Technical University, majoring in Turbine Construction. Between 1997 and 2009 he worked as a compressor operator, gas facilities operation engineer, Deputy Head of the Gas Compressor Service of the Yamburg Line Pipe Operation Center, Gazprom Transgaz Yugorsk. From 2009 to 2010 he was Acting Chief Engineer – Deputy Head, Head of the Pur Line Pipe Operation Center, Gazprom Transgaz Yugorsk.

Private Producer Aims to Ship Baltic's First Russian LNG Before Gazprom

LNG Gorskaya, a privately-owned Russian liquefied natural gas (LNG) producer, has launched a 340 million euro ($379 million) project to become the first LNG exporter from Russia's European coast, its CEO told Reuters. Russia expects to send LNG to Europe by the end of 2017 from its distant Arctic peninsula of Yamal but a plant on its Baltic coast could establish the country as a more immediate supplier of LNG in a region already dependent on piped Russian gas. The company will build a floating LNG plant off the port of Gorskaya, not far from Saint Petersburg, which will be fed by a 12 km pipeline from Gazprom. The LNG will then be shipped to seven Baltic ports outside Russia using three tankers already on order from Russia's United Shipbuilding Corporation.

Lithuania Inks U.S. LNG Supply Deal

File Image: Credit QGTC

Lithuania's state-owned gas trader Lietuvos Duju Tiekimas (LDT) said on Monday it had signed a deal to buy liquefied natural gas (LNG) directly from the United States for the first time and expects to receive a delivery in the second half of August. The deal is with a unit of Cheniere Energy and is part Lithuania's efforts to diversify its gas suppliers and reduce its reliance on Russia's Gazprom. LDT, part of state-owned energy group Lietuvos Energija, signed a deal last year with Koch Supply & Trading for LNG supplies throughout 2017. Cheniere Energy was expected to supply LNG from a U.S.

Gazprom Signs LNG Supply Deal with Ghana

Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday.   Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019.   The agreement is the first stage in a planned series of partnerships between GGLNG and GNPC, with both companies working to develop the infrastructure and services required to manage and market the projected gas flows from the region, Gazprom said.   It did not disclose further details. (Reporting by Vladimir Soldatkin; editing by Susan Thomas)

Samsung Heavy to Tankers for Gazprom

South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. The sanctions imposed on Moscow over its role in the crisis in Ukraine have complicated Russian companies' oil exploration and production in deep water, Arctic offshore or shale projects, as they use Western technology. Samsung Heavy said on Tuesday it had won a 472 billion Korean won ($444 million) order to build three tankers for an unnamed firm based in Europe and that it expected to complete the contract by April 2017. The tankers will be bought by Gazprom Neft's Austria-based subsidiary Gazprom Neft Trading, one of the sources told Reuters.

GAIL, Gazprom Renegotiating LNG Deal

Photo: Gazprom

As weak demand in India forces it to stall some contracted supply, GAIL India Ltd (GAIL) is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, reports Reuters. GAIL  and Gazprom had earlier signed a deal for two decades at a price linked to oil, adding to contracts to buy the fuel from GDF Suez SA and Gas Natural Fenosa this year. Accordingly, GAIL will buy 2.5 million tonnes (3.5 billion cubic metres) a year of liquefied natural gas from Russia’s monopoly gas exporter starting in 2018 and 2019.

Gazprom to Counter Negative Global Market Trends

Image

The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities. It was pointed out that the geopolitical events involving Ukraine as well as American & EU sanctions imposed on Russia affected many Russian companies. In this context Gazprom thinks it is necessary to adhere to the current financial strategy, which provides for the Company's good standing and enables it to swiftly react to the possible aggravation of the situation.

Gazprom Neft Increases Arctic Field Output

Photo: Gazprom Neft

Gazpromneft Shelf, a subsidiary of Gazprom Neft, brought on production two more wells in Prirazlomnoye field in the Pechora Sea, bringing crude oil output to more than 6,000 tonnes/day. The company now has four production wells at its ice-resistant rig, located 60 km offshore, and envisions the commissioning of 32 wells. The first well was commissioned in December 2013. All wellheads are within the platform. Drilling for the four new wells, undertaken by Russia’s Gazprom Bureniye LLC, ran to more than 19,000 metres.

Gazprom, Mitsubishi Corp. in Talks on LNG Cooperation

Gazprom said on Friday it had held talks with Japan's Mitsubishi Corp. on Friday about cooperation at the Russian gas giant's Sakhalin-2 liquefied natural gas (LNG) plant.   The talks, in the Russian city of St Petersburg, were between Gazprom head Alexei Miller and Takehiko Kakiuchi, the president and CEO of Mitsubishi Corp, Gazprom said in a statement.   It said the talks focussed on the planned construction of a third production train at the Sakhalin-2 LNG plant. (Reporting by Christian Lowe; editing by Alexander Smith)

Gazprom, Shell Discuss LNG Projects

Photo: Gazprom

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg. The meeting addressed relevant aspects of strategic cooperation. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third train of the LNG plant on Sakhalin Island and the progress of the Joint Study Framework Agreement for the Baltic LNG project. The meeting also focused on the Nord Stream 2 project.

Joint Leadership Meeting, Russian Shipbuilders

Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the company’s delegation continues its business trip to Saint Petersburg. The delegation is composed of Oleg Aksyutin, Member of the Management Committee – Head of the Gas Transportation, Underground Storage and Utilization Department, Yaroslav Golko, Member of the Management Committee – Head of the Investment and Construction Department, Vasily Podyuk, Member of the Management Committee – Head of the Gas, Gas Condensate and Oil Production Department, as well as heads and specialists from Gazprom specialized subdivisions and subsidiary companies – Gazprom VNIIGAZ…

Dynagas Bags Charter Deals with Gazprom

Photo: Dynagas LNG Partners LP

Dynagas LNG Partners LP has entered into a new long term time charter agreement with Gazprom Marketing & Trading Singapore Pte Ltd. for the employment of the 2007 built 150,000 cubic meter steam turbine LNG carrier Clean Energy. The Clean Energy is the Partnership's only non-ice classed LNG Carrier. The charter is expected to commence in July 2018 and will have a firm duration of about 7 years and 9 months. The gross contracted revenue from this contract is expected to be approximately $133 million over this period.

Russia Sacrifices Gazprom Profit for Politics in Ukraine

Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full. Gazprom on Thursday announced a price rise for Ukraine to $485 per 1,000 cubic metres, the second increase in three days. The $485 price is the highest of any Gazprom customer and compares with around $370 on average for clients in the European Union. Ukrainian Prime Minister Arseny Yatseniuk said the increase, two weeks after Moscow annexed Ukraine's Crimea region, was unacceptable and warned he expected Russia to step up pressure by limiting supplies to Ukraine.

Dynagas, Gazprom in New Long-term Time Charter Contract

Photo: Dynagas LNG Partners

Dynagas LNG Partners signed a new long-term time charter contract for the Clean Energy. The Partnership, through one of its wholly owned subsidiaries, entered into a new long-term charter agreement with an affiliate of the Gazprom Group for the employment of its 2007 built 150,000 cbm steam turbine LNG carrier Clean Energy. The charter is expected to commence in July 2018 and will have a firm term of seven years and nine months. The Partnership expects to generate approximately $133.0 million of gross contracted revenues over the life of the contract.

Gazprom And OMV Chiefs Discuss Alternative European Gas Routes

Gazprom & OMV talks

The chief executives of Gazprom and OMV held talks on Tuesday about supplying Russian gas to Europe using routes that bypass Ukraine, they said in a statement. Gazprom's Alexei Miller and OMV's Gerhard Roiss said they had discussed "optional alternative supply routes" including the Nord Stream and Opal pipelines. Russia's seizure of Crimea from Ukraine - an important transit country for Russian gas - has resulted in European Union and U.S. sanctions, sparking fears of supply cuts that could affect several European countries.

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