Russian Oil and Gas Industry: News

sepheronx wrote:http://en.itar-tass.com/economy/757050

Sounds good. Hope it goes through. Im all for diversification of energy aupplies.

NEW DELHI, November 1. /TASS/. Russia and India will organise a working group on ground transportation of hydrocarbons from Russia to India, Russia’s Deputy Minister of Energy Yuri Senturin told TASS on Saturday.
The group will be organised before end of November, and its first meeting is due in early 2015, he said.
The deputy minister participated in a meeting of a Russia-India working group on energy and energy effectiveness.
“We have agreed to organise a working group to consider possible on-ground supplies of hydrocarbons from Russia via Central Asia to India,” he said. “The working group will have regular meetings beginning from the first quarter of the coming year.”
The plans to organise a working group were announced in 2013, where India’s major oil and gas corporation ONGC (Oil and Natural Gas Corporation) suggested building an oil pipeline from Russia. The Corporation’s deputy head Nair said the pipeline could cross Afghanistan and Pakistan.
Besides, the parties discussed extending to the border with India of the gas pipeline from Russia to China.

In Russia will attract investment partners from countries that do not impose sanctions against Russia. This will happen if the Western oil companies decide to leave the project in the country, said today Russian Energy Minister Alexander Novak.

"If the company in the long term will be for himself decided not to participate in the organization of investment, we will attract investors from those countries that have not adopted against us and against our oil and gas companies sanctions" - quoted Alexander Novak news agencies.

According to him, in respect of the Russian oil and gas sector from foreign partners has developed general uncertain situation. "Western companies, on the one hand, we would like to continue to work, on the other - their regulators are not allowed to continue to participate. This uncertainty should be resolved. We will not stop, we will continue the implementation of projects. We are ready for our own investment company, or it is a partnership with companies from other countries who are willing to cooperate, "- said Alexander Novak.

These can include including joint projects on the Arctic shelf. Summer in sectoral sanctions against Russia US and the EU are no longer imported into our country equipment for oil exploration and production, as well as for the development of deposits on the Arctic shelf. In the autumn of the sanctions were several major Russian oil companies, which are unable to borrow in the European countries, as well as acquire new technology for oil extraction.
previously on the subject


In the Ministry of Natural Resources had previously stated that reduce the volume of exploration in the Arctic shelf because of sanctions against Russia will not. "It's just lose the competitive advantages that we now have as a country due to the fact that we have such a resource base," - said First Deputy Minister of Natural Resources and Environment Minister Denis Temples. According to him, if it is to stop exploration in the Arctic, "we can safely lose the opportunities that now formed in the Asia-Pacific region, and that if we are not filled with hydrocarbons now, it will fill our colleagues, including those from other regions - Australia and the United States. "

In 2015, the Arctic shelf will be drilled over 10 wells. The first oil was produced from the shelf of Russia in April this year. According to some reports in the Russian Arctic is located 106 billion tons of oil equivalent, including 69.5 trillion cubic meters of gas. In general, the Arctic is about 13 percent of the world's oil reserves and 30 percent of natural gas reserves.

Miller: "Gazprom" Changing patterns in the market of the European Union


Stop the "South Stream" - a step to change the model of the European market, the European Union will have to buy gas at the border, said the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev " .

"Our strategy is changing in relation to the European market, in principle, the decision to stop the "South Stream" - is the beginning of the end of our model in the market, when we focused on the delivery of the final consumer in the European market, "- said Miller.

In turn Brilev said, not on whether the border between Turkey and Greece, European countries will have to buy gas. "Yes, without a doubt, this is the case," - said the head of "Gazprom".

Miller: there is no guarantee that the EU will not block again "South Stream"

No one can guarantee that when you return to the "South Stream" situation with delays and blocking of the European Union will not happen again, said the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev" .

"In fact, if we talk about the time of the efforts that we have spent (on the" South Stream ") - a few years - of course, except for the time spent and some money ... we have gained some knowledge and experience ... Now we can say that we know very well the European bureaucracy ... Who can guarantee that this will not happen again in a month or two, half a year? " - Miller said, responding to a question on, whether there is "way back."

Infrastructure "South Stream" is used for the gas pipeline to Turkey


We have invested about 4 billion euros in gas transmission infrastructure in Russia to create the Southern Corridor to deliver gas to the area of ​​the Krasnodar region, for delivery to the compressor station" Russian ", and all these investments will be needed to fully implement the project offshore gas pipeline to Turkey. So everything in the house, "- said Miller.

http://ria.ru/economy/20141206/1036932053.html

Miller: The EU conducted a deliberate policy of blocking "South Stream"


MOSCOW, December 6 - RIA Novosti. Frank blocking "South Stream" was a deliberate policy of the European Union, said the head of "Gazprom" Alexey Miller.

"As for the decision to stop the project ... it is dictated by the fact that to implement the project in a delay and just plain block is basically impossible. And of course, this is a deliberate policy of the European Union. April 17 this year, the European Parliament adopted a resolution to ban the" South Stream " - Miller said in an interview with the program "Vesti on Saturday with Sergei Brilev."

Waiver of "South Stream" is not associated with the requirements of the EC on the third energy package, the reason is the lack of a building permit from the Bulgarian side, the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday Sergei Brilev. "

"The decision to close the" South Stream "was made during the visit of our President to Turkey, but this day came pipe-laying vessel in the Black Sea in order to carry out the work already laying the pipe. But how can you perform these works, when Bulgaria no building permits issued in the territorial waters, the exclusive economic zone and not given permission to build on land ... This question is irrelevant to the third energy package ", - explained Miller.

Miller: The Russian Federation will provide Ukraine with gas, necessary for domestic consumption


MOSCOW, December 6 - RIA Novosti. Russia will supply Ukraine needs for domestic consumption amount of gas, while Europe will receive fuel alternative routes, the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev" .

"In fact, the volumes that Ukraine necessary for its domestic consumption, we will provide. In Europe, deliveries will be carried out alternative routes," - said Miller, commenting on the refusal of Ukraine as a transit country on the conditions of existence in the "Nord Stream" and a new gas pipeline flowing from Russia to Europe via Turkey.

Miller: the role of Ukraine as a transit gas will turn into nonsense


The role of Ukraine as a transit gas is reduced to zero as collectively, the "Nord Stream" pipeline and through Turkey, said the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev" .

During the interview Brilev Miller asked the question of whether a set of turn "Nord Stream" to bypass Ukraine and a new route through Turkey Ukrainian transit nonsense and if the company refuses to Ukraine as a transit country on in principle.

"Yes, in fact, the role of Ukraine as a transit country is reduced to zero," - said Miller.

http://ria.ru/economy/20141206/1036931781.html

Bulgaria gets all the blame

But yesterday Russia dispelled hopes that the project could still be realised as initially planned, blaming Bulgaria.

Speaking to TV channel Russia 24’, Gazprom’s CEO Alexei Miller confirmed that the decision to abandon South Stream was final.

Referring to Putin’s visit to Turkey, Miller said that the Turkish side has been aware of Russia’s plans to abandon South Stream, but the final decision was taken during talks between Putin and his Turkish colleague Recep Tayyip Erdoğan.

“South Stream is cancelled. Bulgaria did not give a construction permit to build South Stream neither onshore, nor in its territorial waters and economic zone. This doesn’t concern the Third Energy Package, and the European Commission is not the one to blame in this particular situation. It is the Bulgarian government that did not provide us with the construction permits. Therefore, the definitive decision to cancel the project was made”, Miller said.

The Gazprom chief said Bulgaria will bear significant losses due to the South Stream cancellation. “Approximately €3bn will not be invested in Bulgaria. More than 6.000 jobs will not be created. Moreover, Bulgaria will lose its status of a transit country. For the time being, Bulgaria transits 18 bcm of gas to Turkey, Macedonia and Greece. Once the new pipeline is built, these gas volumes will go via Turkey," Miller said.

He also said that once the new pipeline to Turkey becomes operational, the role of Ukraine as a transit country “will be reduced to zero”.

“Gas will not pass through Ukraine or Bulgaria, but will be delivered to the EU from another side. Once the pipeline reaches the EU, European consumers can pick up gas at the Turkey-Greece border. In this case, the Third Energy Package norms will not be applied to these deliveries,” Miller said.

MOSCOW, December 24. /TASS/. Russian oil major Rosneft will invest $400 billion in its program of Arctic shelf development over 20 years and expects to earn more than $2.8 trillion from the program’s implementation, according to materials posted on Rosneft’s website.

Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said.

Rosneft, which is the world’s largest company by output, said in its materials that the Russian Arctic would account for 20-30% of Russia’s total oil production by 2050.

According to data of Russia’s Natural Resources Minister Sergey Donskoy, initial recoverable oil reserves in the Russian Arctic amount to about 7.7 billion tons, including 500 million tons on the Arctic shelf.

By today, 594 oil and 159 gas deposits have been discovered in the Russian Arctic, as well as 2 large nickel and over 350 gold fields.

Aggregate recoverable hydrocarbon reserves in the Russian Arctic are estimated at 258 billion tons of conventional fuel or 60% of Russia’s total hydrocarbons.

At the same time, the Arctic zone’s unexplored potential equals over 90% on the shelf and 53% on the ground.

Austin wrote:Russian oil major Rosneft to yield over $2.8 trillion in revenues from Arctic development

Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said

MOSCOW, December 24. /TASS/. Russian oil major Rosneft will invest $400 billion in its program of Arctic shelf development over 20 years and expects to earn more than $2.8 trillion from the program’s implementation, according to materials posted on Rosneft’s website.

Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said.

Rosneft, which is the world’s largest company by output, said in its materials that the Russian Arctic would account for 20-30% of Russia’s total oil production by 2050.

According to data of Russia’s Natural Resources Minister Sergey Donskoy, initial recoverable oil reserves in the Russian Arctic amount to about 7.7 billion tons, including 500 million tons on the Arctic shelf.

By today, 594 oil and 159 gas deposits have been discovered in the Russian Arctic, as well as 2 large nickel and over 350 gold fields.

Aggregate recoverable hydrocarbon reserves in the Russian Arctic are estimated at 258 billion tons of conventional fuel or 60% of Russia’s total hydrocarbons.

At the same time, the Arctic zone’s unexplored potential equals over 90% on the shelf and 53% on the ground.

par far wrote:

Austin wrote:Russian oil major Rosneft to yield over $2.8 trillion in revenues from Arctic development

Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said

MOSCOW, December 24. /TASS/. Russian oil major Rosneft will invest $400 billion in its program of Arctic shelf development over 20 years and expects to earn more than $2.8 trillion from the program’s implementation, according to materials posted on Rosneft’s website.

Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said.

Rosneft, which is the world’s largest company by output, said in its materials that the Russian Arctic would account for 20-30% of Russia’s total oil production by 2050.

According to data of Russia’s Natural Resources Minister Sergey Donskoy, initial recoverable oil reserves in the Russian Arctic amount to about 7.7 billion tons, including 500 million tons on the Arctic shelf.

By today, 594 oil and 159 gas deposits have been discovered in the Russian Arctic, as well as 2 large nickel and over 350 gold fields.

Aggregate recoverable hydrocarbon reserves in the Russian Arctic are estimated at 258 billion tons of conventional fuel or 60% of Russia’s total hydrocarbons.

At the same time, the Arctic zone’s unexplored potential equals over 90% on the shelf and 53% on the ground.

This is very good news but Russia needs to be careful because the Zionists will be attacking Russia like never before because they want everything thing(greedy bastards).

The question is does Russia have what it takes to defend it self and it's interests in the Arctic and around the world?

• No deal on Ukraine gas discunt
  No deal on South Stream restart
  Announces it will drop Ukraine as a transit country

Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:

• No deal on Ukraine gas discunt
  No deal on South Stream restart
  Announces it will drop Ukraine as a transit country
  

http://russia-insider.com/en/2015/01/15/2440

Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:

• No deal on Ukraine gas discunt
  No deal on South Stream restart
  Announces it will drop Ukraine as a transit country
  

http://russia-insider.com/en/2015/01/15/2440

Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:

• No deal on Ukraine gas discunt
  No deal on South Stream restart
  Announces it will drop Ukraine as a transit country
  

http://russia-insider.com/en/2015/01/15/2440