Military Forum for Russian and Global Defence Issues


    Russian Oil and Gas Industry: News

    Share
    avatar
    PapaDragon

    Posts : 7115
    Points : 7209
    Join date : 2015-04-26
    Location : Fort Evil, Serbia

    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Tue Jan 02, 2018 5:42 am



    Russia’s Grip On European Gas Markets Is Tightening

    https://oilprice.com/Geopolitics/International/Russias-Grip-On-European-Gas-Markets-Is-Tightening.html

    Despite years of effort from the EU, Russia’s grip over natural gas supplies in Europe is tightening, not waning.....
    avatar
    GarryB

    Posts : 18375
    Points : 18933
    Join date : 2010-03-30
    Location : New Zealand

    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Tue Jan 02, 2018 9:16 am

    The reality is that Russia has no grip on the EU... they are free to buy from anyone they like including the US.

    The fact is that they choose to buy the Russian product because it is so much cheaper... the EU can't say no because they don't want to pay more for their energy.
    avatar
    ZoA

    Posts : 146
    Points : 150
    Join date : 2017-08-20

    Re: Russian Oil and Gas Industry: News

    Post  ZoA on Wed Jan 03, 2018 8:00 pm

    All this "dependence on Russian gas" nonsense is US effort push out Russia as a competitor in European energy markets. Doing so would secure US economic and political control over Europe as they would control all European energy supply either directly form US or via its poppet proxies like Saudi. Not to mention that would allow US to extort massive amounts of money from EU by price gouging either directly for US LNG or indirectly by middle east poppers that transfer much of their oil income back to US through petrodollar recycling mechanisms.

    In that context we can also see effort to reinstate Iranian sanctions thus preventing Iranian oil export competition, destruction of Libya as independent fossil fuel exporter, as well as recent coup d'etat in Saudi Arabia who's main agenda seems to be privatisation of Saudi state oil company to US corporations thus securing increased dominance of US over global fossil fuel markets.
    avatar
    PapaDragon

    Posts : 7115
    Points : 7209
    Join date : 2015-04-26
    Location : Fort Evil, Serbia

    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Thu Jan 04, 2018 1:12 am

    '
    I don't enjoy reading economic articles (I find them quite dry and dull) but this one brought me great satisfaction. Also some folks here from old MP.net days will remember when we were warning that this exact thing will happen within several years and how everyone giggled... I don't think they would be giggling today. Cool


    Russia-China Oil Friendship Makes Crude Costlier for Europe


    https://www.bloomberg.com/news/articles/2018-01-02/russia-s-oil-friendship-with-china-makes-crude-costly-for-europe

    Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.

    As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to Europe. Russia is already the biggest supplier to the China, and will probably boost exports to the country by 200,000 barrels a day in 2018, FGE said.

    After a glut sparked the biggest price crash in a generation and starved Russia of oil revenues, the nation sought to boost market share in the world’s top importer. It’s now supplanted Saudi Arabia as the top exporter to China, even as the two producers lead efforts to shrink the global oversupply by curbing output. A pipeline that transports crude from the East Siberia-Pacific Ocean system has helped its mission to increase volumes.


    “Russia is starting in effect immediately to shift crude exports away from Europe to China,” FGE said in a Dec. 29 note. “While we see overall crude exports from Russia flat year-over-year in 2018, this is bullish news for the Urals price due to its lower availability, in particular from the port of Primorsk.”

    This increase in China-bound deliveries is expected to cut exports from Primorsk in January and February, and reduce pipeline flows to Eastern Europe in March, according to FGE. Shipments of the Urals grade from the port in January will likely fall by 160,000 barrels a day, compared with a year ago, while supplies from Novorossiysk in the Black Sea could remain largely flat, with some possible upside, according to the note.

    The diversions have made Urals prices stronger at the end of December, compared with a month before, according to FGE. The grade turned about 60 cents a barrel costlier relative to London’s Brent crude, the benchmark for sales of the variety, the industry consultant said. Brent was at $66.67 a barrel at 9:35 a.m. in London, rising from an average level of $64.09 last month.

    Pipeline Flows

    China imports the bulk of Russian oil via inland pipes and seaborne shipments from the eastern ports of Kozmino, De-Kastri and Prigorodnoye. A second conduit between the two countries began operations on New Year’s Day, doubling China’s ESPO crude import capacity to 30 million tons annually, or about 600,000 barrels a day. The two lines run parallel to each other between Mohe at the border and Daqing in northeast Heilongjiang Province.


    The Asian nation has also sought to expand its energy relationship with Russia. CEFC China Energy Co., a firm that’s grown from a small local trader to a global deal-making juggernaut, in November sold its first cargo of Russian crude after buying a $9 billion stake in Rosneft PJSC last year. The Russian energy giant will supply the Shanghai-based company with as much as 60.8 million tons, including the Urals, ESPO and Sokol grades, over five years.

    Russia supplied 5.12 million tons of crude to China in November, official customs data show, the equivalent of about 1.3 million barrels per day. It also aims to start natural gas sales via the Power of Siberia pipeline by December 2019.
    avatar
    Cyberspec

    Posts : 2344
    Points : 2501
    Join date : 2011-08-08
    Location : Terra Australis

    Re: Russian Oil and Gas Industry: News

    Post  Cyberspec on Fri Jan 05, 2018 10:54 pm

    PapaDragon wrote:'
    I don't enjoy reading economic articles (I find them quite dry and dull) but this one brought me great satisfaction. Also some folks here from old MP.net days will remember when we were warning that this exact thing will happen within several years and how everyone giggled... I don't think they would be giggling today. Cool


    Russia-China Oil Friendship Makes Crude Costlier for Europe

    The Chinese are the ones that are giggling the loudest I think...the stupidity of the EU leadership is almost unbeliavable
    avatar
    miketheterrible

    Posts : 2682
    Points : 2664
    Join date : 2016-11-06

    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Tue Jan 09, 2018 11:53 pm

    This should cause great embarrassment to many in the US:

    https://www.rt.com/business/415345-united-states-buying-russian-lng/?utm_referrer=https%3A%2F%2Fzen.yandex.com

    US has to buy Russian natural gas as consumer prices soar

    Russia will deliver liquefied natural gas (LNG) to the US, Kommersant daily reports. The reason for the deal is the sharp rise in gas prices on the east coast of the US.
    An LNG tanker belonging to French energy company Engie is now shipping from the British port of Isle of Grain to an American terminal, Everett, located near Boston.

    The gas being shipped is from Russia’s Yamal LNG plant, according to the newspaper. The tanker is due to arrive in the US on January 22.

    Read more at the link.

    Austin

    Posts : 6837
    Points : 7226
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Mar 29, 2018 2:07 pm

    Saudis, Russians Set To Tag-Team Oil Markets To Fend Off American Shale


    Fresh off a visit to Washington, the Crown Prince of Saudi Arabia is turning to Russia to help the OPEC leader remain a force in world oil markets that have been rattled by the development of U.S. shale. In an exclusive that quietly ran on the Reuters newswire Tuesday, Saudi Crown Prince Mohammed bin Salman (MBS) said he wants long-term cooperation with Russia to stabilize oil prices.

    "We are working on moving from a model agreement for a year to a longer term — 10-20 years," MBS said in an interview with Reuters in New York. "Such an agreement exists, but the details have not yet been worked out." Last week, Saudi Energy Minister Khalid al-Falih said he expected to extend the pact for 2019. The story broke this week but was already in the works prior to MBS' trip to the U.S.
    avatar
    kvs

    Posts : 3756
    Points : 3855
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Oil and Gas Industry: News

    Post  kvs on Thu Mar 29, 2018 6:10 pm

    Austin wrote:Saudis, Russians Set To Tag-Team Oil Markets To Fend Off American Shale


    Fresh off a visit to Washington, the Crown Prince of Saudi Arabia is turning to Russia to help the OPEC leader remain a force in world oil markets that have been rattled by the development of U.S. shale. In an exclusive that quietly ran on the Reuters newswire Tuesday,  Saudi Crown Prince Mohammed bin Salman (MBS) said he wants long-term cooperation with Russia to stabilize oil prices.

    "We are working on moving from a model agreement for a year to a longer term — 10-20 years," MBS said in an interview with Reuters in New York. "Such an agreement exists, but the details have not yet been worked out." Last week, Saudi Energy Minister Khalid al-Falih said he expected to extend the pact for 2019. The story broke this week but was already in the works prior to MBS' trip to the U.S.

    American shale is a flash in the pan. Five years from now, peak production from this "cornucopia" will be in the rearview mirror.
    avatar
    JohninMK

    Posts : 6170
    Points : 6235
    Join date : 2015-06-16
    Location : England

    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Thu Mar 29, 2018 6:52 pm

    kvs wrote:
    American shale is a flash in the pan.   Five years from now, peak production from this "cornucopia" will be in the rearview mirror.

    Not only is you calling it a flash in the pan (the crude is very light, almost petrol) spot on and almost a very clever pun, but as far as I can see no company, once debt and interest are included, has made a cent let alone a dollar out of it. Indeed there are vast amounts of debt staring someone down a barrel. Definitely a game of pass the parcel.

    Also being so light the US still has to import large amounts so that they can refine heavier products like diesel and fuel oils.

    Their plans for LPG exports are pretty delusional as well.
    avatar
    JohninMK

    Posts : 6170
    Points : 6235
    Join date : 2015-06-16
    Location : England

    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Thu Mar 29, 2018 7:05 pm

    Just noticed that there is no update on NordStream 2 here.

    This week the Germans have completed the approvals needed to transit their economic zone under the Baltic, following on from the earlier approvals for the land route. Now the only approvals outstanding are the others covering the under Baltic section. The only real issue is Denmark who are being pressured to reject permission next to Gronholm island but if they don't agree, walking away from the transit fees, the pipe can apparently be re-routed at about a 5% increase in cost.

    As for as the company, NordStream says all is proceeding to plan and they expect to start laying pipe this year.

    Quite what the US will do about this in their desperate attempt to screw Russian gas supplies to the EU whilst protecting the Ukrainian transit deal is unknown but they are threatening sanctions on those companies who own NordStream.
    avatar
    GarryB

    Posts : 18375
    Points : 18933
    Join date : 2010-03-30
    Location : New Zealand

    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Fri Mar 30, 2018 1:33 am

    The only real issue is Denmark who are being pressured to reject permission next to Gronholm island but if they don't agree, walking away from the transit fees, the pipe can apparently be re-routed at about a 5% increase in cost.

    IF that is the case then they should re-route it anyway... over the next 20 odd years they will likely pay more than 5% of the costs in transit fees, and more importantly it gives Denmark the power to stop the gas flow and demand the pipes be removed from their territory depending on the government there or an EU ruling or what Washington tells them to do.

    If Washington can tell France not to sell Mistrals then they could probably make Denmark do anything they want.
    avatar
    PapaDragon

    Posts : 7115
    Points : 7209
    Join date : 2015-04-26
    Location : Fort Evil, Serbia

    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Tue May 01, 2018 2:45 am


    Russia Sends Oil to China at Europe's Expense as Trades Upended

    https://www.bloomberg.com/news/articles/2018-04-30/russia-sends-oil-to-china-at-europe-s-expense-as-trades-upended
    avatar
    Hole

    Posts : 975
    Points : 975
    Join date : 2018-03-24
    Age : 42
    Location : Merkelland

    Re: Russian Oil and Gas Industry: News

    Post  Hole on Tue May 01, 2018 11:44 am

    The title of that propaganda piece supposes that the oil is european. Evil russians sell "our" oil to the chinese!
    avatar
    kvs

    Posts : 3756
    Points : 3855
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Oil and Gas Industry: News

    Post  kvs on Wed May 02, 2018 2:55 am

    Hole wrote:The title of that propaganda piece supposes that the oil is european. Evil russians sell "our" oil to the chinese!

    Where is all the rejoicing about the reduction in dependence on Russia? What a bunch of retarded crybabies. They bitch and moan
    about dependence on Russia and then when the time comes to shop elsewhere they attack Russia for selling to other customers.
    avatar
    kvs

    Posts : 3756
    Points : 3855
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Oil and Gas Industry: News

    Post  kvs on Wed May 02, 2018 2:57 am

    GarryB wrote:
    The only real issue is Denmark who are being pressured to reject permission next to Gronholm island but if they don't agree, walking away from the transit fees, the pipe can apparently be re-routed at about a 5% increase in cost.

    IF that is the case then they should re-route it anyway... over the next 20 odd years they will likely pay more than 5% of the costs in transit fees, and more importantly it gives Denmark the power to stop the gas flow and demand the pipes be removed from their territory depending on the government there or an EU ruling or what Washington tells them to do.

    If Washington can tell France not to sell Mistrals then they could probably make Denmark do anything they want.

    I suspect this bloody hypocrite posturing EU-tards will soon be singing a different tune as the diversion of Russian oil supplies to China brings
    reality home. These f*ckers actually thought they could terrorize Russia to keep servicing them. Eat sh*t, losers.
    avatar
    medo

    Posts : 3364
    Points : 3448
    Join date : 2010-10-24
    Location : Slovenia

    Re: Russian Oil and Gas Industry: News

    Post  medo on Wed May 02, 2018 8:23 am

    Not only Russia sell more oil to China, but also Russia itself produce more and more oil and gas products in its own rafineries and plants and export more and more different products from oil and gas, so EU rafineries have less and less work. Russian oil and gas products are cheaper than those from EU and of the same quality.
    avatar
    PapaDragon

    Posts : 7115
    Points : 7209
    Join date : 2015-04-26
    Location : Fort Evil, Serbia

    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Wed May 16, 2018 2:01 am


    LOL sure, because that makes perfect sense for them, who writes this crap? lol1

    To prevent oil spiking to $100 over Iran, Saudi Arabia and Russia might have to step in

    https://www.cnbc.com/2018/05/15/to-prevent-oil-spiking-to-100-over-iran-saudi-arabia-and-russia-might-have-to-step-in.html

    Man, this whole "US nuking the Iran nuke deal" and even Jerusalem embassy shitstorm is really becoming gift that keeps on giving for Russia...
    avatar
    JohninMK

    Posts : 6170
    Points : 6235
    Join date : 2015-06-16
    Location : England

    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Wed May 16, 2018 12:13 pm

    Strictly speaking not Russian gas related but it could be a route for its gas into southern Europe via the currently being built Turkstream pipeline.

    But note that Turkey is strategically vehemently opposed to this as it bypasses its monopoly of pipelines from the east into Europe.


    Emerson
    ‏ @EEmerson14
    May 14

    #EastMed gas pipeline work group met in Athens today to discuss the project. The meeting included representatives from #Greece, #Italy, #Cyprus, #Israel and the #EU


    avatar
    George1

    Posts : 12030
    Points : 12513
    Join date : 2011-12-22
    Location : Greece

    Re: Russian Oil and Gas Industry: News

    Post  George1 on Sat May 19, 2018 3:20 pm

    Germany expresses support for Nord Stream-2 project — Lavrov

    More:
    http://tass.com/economy/1005175
    avatar
    George1

    Posts : 12030
    Points : 12513
    Join date : 2011-12-22
    Location : Greece

    Re: Russian Oil and Gas Industry: News

    Post  George1 on Thu May 24, 2018 11:31 pm

    Novatek, Total sign agreement on Arctic LNG 2 project


    The document was signed after talks between Russian President Vladimir Putin and France’s President Emmanuel Macron

    STRELNA, May 24. /TASS/. Novatek and Total signed an agreement in respect of participation of the French company in Arctic LNG 2 project. The document was signed after talks between Russian President Vladimir Putin and France’s President Emmanuel Macron in their presence.

    Arctic LNG 2 is the second liquefied natural gas plant of Novatek to be launched in 2023. Its capacity will be over 18 mln tonnes of LNG per year.

    Novatek will sell the share of 10% in the Arctic LNG 2 project to France’s Total, Chief Executive Officer of Novatek Leonid Mikhelson told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

    "Total will participate with the share of 10%," Mikhelson said.

    Novatek plans to keep the 60% stake in the project, the top manager said.

    "We plan to hold the share of 60%. If we decide to reduce the share, but not less than 50% in the project, then Total will have the right to increase its stake to 15%," Mikhelson added.

    The cost of the Arctic LNG 2 project is about $25.5 bln, the top manager noted. This figure is indicated in the agreement for sale of 10% in the project to Total.

    The Russian company plans to close the deal as early as in the first quarter of 2019, Novatek said.


    More:
    http://tass.com/economy/1006194
    avatar
    George1

    Posts : 12030
    Points : 12513
    Join date : 2011-12-22
    Location : Greece

    Re: Russian Oil and Gas Industry: News

    Post  George1 on Thu May 24, 2018 11:32 pm

    Lukoil to agree on revised economic terms for West Qurna 2 project with Iraq

    The West Qurna 2 field in Southern Iraq is one of the largest across the globe

    ST. PETERSBURG, May 24. /TASS/. Russia’s oil major Lukoil hopes to agree on revised economic terms for its West Qurna-2 project in Iraq by the end of 2018, CEO Vagit Alekperov said on the sidelines of the St. Petersburg International Economic Forum on Thursday, adding that in May the company would receive compensation for half of past costs.

    "In any case, the Iranian side has acknowledged that the economic parameters should get better. Currently the group is working, it has been given time by the end of the year to return to discussion over economic parameters of the deal. We have come to the understanding that past costs should be covered, and half of the sum will be covered in May," he explained.

    The West Qurna 2 field in Southern Iraq is one of the largest across the globe, with recoverable resources of about 14 bln barrels. Lukoil is tapping it in a consortium with Norway’s Statoil.


    More:
    http://tass.com/economy/1006129
    avatar
    PapaDragon

    Posts : 7115
    Points : 7209
    Join date : 2015-04-26
    Location : Fort Evil, Serbia

    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Mon May 28, 2018 11:08 pm


    Russia Just Won Big In The European Gas War

    https://oilprice.com/Energy/Natural-Gas/Russia-Just-Won-Big-In-The-European-Gas-War.html
    avatar
    JohninMK

    Posts : 6170
    Points : 6235
    Join date : 2015-06-16
    Location : England

    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Mon May 28, 2018 11:32 pm

    The good news just keeps rolling in. They just need a pipeline into the EU down there now.

    ST. PETERSBURG, May 26. /TASS/. Russia’s state-run gas giant Gazprom and Turkey signed a protocol on Saturday on a land-based part of the transit leg of the TurkStream gas pipeline, due to supply Russian gas to European customers, Gazprom said.

    In addition to the protocol, Gazprom and Botas inked an agreement on conditions and parameters for the section construction, which would enable the sides to take practical steps in the project. The TurkAkim Gaz Tasima A. S. joint venture will be set up to build the land-based part of the pipeline.


    More: http://tass.com/economy/1006710
    avatar
    kvs

    Posts : 3756
    Points : 3855
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Oil and Gas Industry: News

    Post  kvs on Tue May 29, 2018 1:20 am

    PapaDragon wrote:
    Russia Just Won Big In The European Gas War

    https://oilprice.com/Energy/Natural-Gas/Russia-Just-Won-Big-In-The-European-Gas-War.html

    Gazprom threw the EU a few crumbs to save face. Now it will be harder for Trumpy to push his imperial agenda.
    avatar
    kvs

    Posts : 3756
    Points : 3855
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Oil and Gas Industry: News

    Post  kvs on Tue May 29, 2018 1:22 am

    JohninMK wrote:The good news just keeps rolling in. They just need a pipeline into the EU down there now.

    ST. PETERSBURG, May 26. /TASS/. Russia’s state-run gas giant Gazprom and Turkey signed a protocol on Saturday on a land-based part of the transit leg of the TurkStream gas pipeline, due to supply Russian gas to European customers, Gazprom said.

    In addition to the protocol, Gazprom and Botas inked an agreement on conditions and parameters for the section construction, which would enable the sides to take practical steps in the project. The TurkAkim Gaz Tasima A. S. joint venture will be set up to build the land-based part of the pipeline.


    More: http://tass.com/economy/1006710

    Russia needs to have a link to Greece from Turkey. Then in 2020 when it cuts off PukeKraine from its blackmail attempts, any shortfall in supply
    will be 100% the fault of EU-tards for not linking the Greek pipeline connection to the EU network. The posturing prats in Bruxelles will be lustrated.

    Sponsored content

    Re: Russian Oil and Gas Industry: News

    Post  Sponsored content


      Current date/time is Sat Oct 20, 2018 9:41 am