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    Russian Oil and Gas Industry: News

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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Wed May 17, 2017 5:15 am





    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue May 30, 2017 9:59 pm

    Geology of the Future

    More:
    http://tass.com/sp/948159
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Sat Jun 03, 2017 5:14 am


    Well look at this...  Cool




    I had no idea Kurdistan could do this but it looks like liberators brought some legal changes after they kicked down the door over a decade ago that allow this.

    But I would bet that they expected some other company to slap that piñata and definitely not Rosneft.... lol1
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Sat Jun 03, 2017 6:20 am

    This one took me a little off guard and not sure what it entirely entails but:

    http://tass.com/economy/949487

    Gazprom and OMV sign framework agreement on small-capacity LNG in Black Sea

    ST.PETERSBURG, June 2. /TASS/. Russian gas giant Gazprom, Greece’s DEPA and Italy’s Edison signed an agreement on cooperation to create the southern route for Russian gas supplies to Europe within the framework of the St. Petersburg International Economic Forum (SPIEF).

    The document was signed by chief executive officers of Gazprom and OMV Alexei Miller and Rainer Seele.
    "According to the document, the parties intend to interact in implementation of a joint comprehensive project on construction of a small capacity LNG terminal for production, transportation, marketing and sales in the area of the Russian coast of the Black Sea," press service of Gazprom said.
    OMV is Gazprom’s main partner in Austria. Companies are interacting in the sphere of production, transportation and sales of gas.

    So this could mean, by the sounds of it, be an additional LNG plant for Russia which then would bring the total amount of LNG plants planned in Russia to 4 - Shakhalin and its upgrades, Baltic and Yalta then this one. It looks like Russia will end up dominating the LNG market in the future.

    Also:

    http://tass.com/economy/949446

    Various groups are looking at building access to Russia's gas pipeline through the southern routes to Europe. In other words, further hurt against Ukraine.
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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Sat Jun 03, 2017 6:30 am

    miketheterrible wrote:...........

    http://tass.com/economy/949446

    Various groups are looking at building access to Russia's gas pipeline through the southern routes to Europe.  In other words, further hurt against Ukraine.

    No hurting, just business. We would have been finishing it here in Balkans by now if it were not for McCain squeezing balls of Bulgarian presidente.

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Mon Jun 05, 2017 12:20 am

    When Will Russia Run Out Of Oil?

    On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. In 2016, oil and gas companies in Russia discovered 40 prospective fields, however, the 3P reserves of the largest among them, Rosneft’s Nertsetinskoye, amounted to 17.4 million tons. This stands in stark contrast with pre-sanction period achievements, for instance, 2014’s largest find, Pobeda, is believed to contain 130 million tons of oil and 0.5TCm of gas.



    Graph 1. Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling.


    Source: Russian Central Bank, IEA, Russian Statistics Agency.
    It is only logical that against such depressive trends, that people start to question the sustainability of Russia’s current oil-producing renaissance

    (Graph 1). When will Russia run out of oil? Were Sheikh Yaki Zamani’s “Stone age” simile to materialize, would Russia still be among the top producers when oil started its descent towards obsolescence?

    The Ministry of Natural Resources and Environmental Protection of Russia states that not accounting for new discoveries, current oil reserves in Russia stand at 29 billion tons and under current consumption rates would be depleted by 2044 (its 2P gas reserves’ depletion would come about in more than 160 years). To this end, it would like to implement business-easing measures, e.g.: facilitate the issuance of licenses and to increase the size of the allotted subsoil block to a maximum of 500 km2 (which would mean a fivefold increase compared to existing regulations). The Ministry’s stimulating measures, however, should not obfuscate the fact that Russia still has vast amounts of untapped reserves waiting to be discovered. But where?

    Frontiers


    The future of Russian crude lies in oil that is more expensive, more geologically complex and further away from traditional regions of production. Just as West Siberia replaced the Volga-Urals Region in the 1970s as the Soviet Union’s main producing region, East-Siberia and offshore regions will overtake West-Siberia (which saw its share in the national output diminish from 71 percent in 2004-2005 to 57 percent currently). This change of “leaders” is long overdue as West-Siberia oil output was already expected to plummet in the 1990s, yet thanks to extended oil recovery methods and slower-than-expected development of other oil-rich regions it has managed to keep stable output numbers. Russia’s oil sector has been consistently hoodwinked by analysts, who, beginning from the early 1980s predicted an imminent production slump. The production fall did happen, reaching a low-point between 1996 and 1999 when production foundered to 301-305 million tons per year. The cause was to be sought in Russia’s overall economic depression, not in its dearth of resources.

    Today, Russian companies are similarly constrained in tackling Russia’s three new oil frontiers – shale, Arctic and deep-water. It is no coincidence that U.S. and EU sanctions targeted the sales of technologies related to these sectors and not conventional – whilst Russian companies are well-equipped to deal with conventional fields, they relied heavily on Western know-how. Yet it is very unlikely that even a tightening of sanctions could stall Russia’s Arctic exploration activities for a longer period of time. Russia’s continental shelf contains most of the Arctic’s oil formations and approximately 60 percent of its undiscovered reserves. So far, the 3P reserves of Russia’s Arctic stand at 585 million tons and 10.4 TCm, yet most of its Arctic Seas were only superficially appraised. The Kara Sea, whose fields are almost exclusively gaseous, has been in the spotlight since the 1983 of the Murmanskoye gas field (120 BCm), yet the northern parts of the adjacent Barents Sea, which Russia’s Federal Agency on Subsoil Usage deems the most likely to yield top hydrocarbon discoveries in the next few years, are relative newcomers in prospective surveys.

    Western oil & gas companies should be aware that the Russian government treats Arctic formations as resources of “federal significance” and it is unlikely to provide them a role other than that of a minority shareholder. There is more maneuvering room for oil formations in the riskier part of the Arctic – the as of yet impossible-to-assess Laptev and Chukchi Seas, where no large-scale surveying has been done. Moreover, after the UN Commission on the Limits of the Continental Shelf acknowledged the Okhotsk Sea as a Russian enclave, the least-researched Russian sea can now be prospected and appraised. Still, the Russian Arctic, along with frontier zones like the Timano-Pechora Basin and the Yenisey-Khatanga Basin, will play an important role in keeping Russia among world’s top 3 oil producers in the next 40-50 years. Yet there is more, Russia’s oil future is not only more Arctic, but also more shale-related.

    Russia has been sitting on vast shale/tight oil reserves, which according to present data are second only to the United States. Yet it might easily surpass all its rivals, as the development of gigantic tight-oil formations, such as Bazhenov Suite, the largest shale deposit in the world covering a territory of more than 1 million km2 and assumed to contain at least 20 billion tons of oil, is still in its infant phase. The potential of the Abalak Suite underlying the Bazhenov, the Domanik Suite, stretching asymmetrically across the Volga-Urals Region from Perm to Orenburg, as well as many others, is still difficult to assess, yet virtually all of them are located in traditional oil-producing regions with a fully-established oil infrastructure. Although the first Bazhenov oil gush dates back to 1969, several factors have hindered the development of Russian tight oil, yet the principal among them was the availability of other, less-costly variants of production. The preference for easier-to-access, less costly formations is aptly reflected in Russia’s curbing of deep-hole exploration drilling (Graph 1).

    As Russia’s tight oil needs at least an oil price level of 55-60 USD per barrel, bringing the first fields on-stream is still some way off as conventionals’ breakeven levels are in the 20-30 USD per barrel range. Despite a significant lag compared to the U.S. shale revolution, this might not be that unfavorable for Russia. It is expected that under the aegis of “import substitution”, Russian service companies might be fully up to the task to exploit Russia’s shale bounty by the 2020s, moreover, they are likely to work in an environment with significantly lower drilling costs, time and efficiency rates than their American counterparts in late 2000s (thus yielding more oil). By that time, perhaps, anti-Russian sanctions will be a yesteryear affair.

    Lastly, one should not underestimate the tenacity of Russia’s conventional oil reserves, which thanks to enhanced oil recovery techniques and supplementary exploration will remain a force to be reckoned with. As demonstrated by the discovery of the Velikoye field in the Astrakhan Oblast (reserves estimated at 330 million tons of oil), Russia’s pre-salt layers, even in regions previously thought to be on the verge of depletion, might kickstart a new development vector in its energy matrix. As Russia’s Natural Resource Ministry cannot account for events that are still yet to happen, its 2044 depletion assumption reflects merely its inherent conservatism, not the country’s realistic capabilities. By all accounts, Russia will remain a major oil-producing nation throughout the entire XXIst century, with oil production moving to places that are further (north and east), deeper (both deepwater and pre-salt) and generally more costly.

    By Viktor Katona for Oilprice.com
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Mon Jun 05, 2017 9:56 am

    Sorry, Austin, but this article is boilerplate anti-Russian propaganda. It basically asserts that Russia has no indigenous oil drilling technology.
    Including seizmic tomography of oil fields. Maybe the typical western sap can swallow this shit, but for me it is pure intellectual insult.

    1) The USSR developed unique in the world drilling technology as it sank the deepest well on the planet. This is wasn't imported from the
    precious west. Being able to guide a drill hole over 12 km into the crust would make branched drilling of oil fields a trivial task for Russia.

    2) The notion that the USSR and Russia lacks the ability to make high resolution tomographic images of oil deposits is utter rubbish.
    Russian geology is world class. Russia had and still has world class mathematicians and engineers. Seismic tomography is something
    that Russian companies can do and have been doing. These days laptops have enough computational resources to produce 3D reconstructions
    of subsurface layers based on refraction patterns of waves generated by surface explosives. Only retards would believe that Russians
    can't pose the fundamental mathematical problem of seismic tomography and derive their own algorithms for practical application. But
    most western media consumer saps don't have the necessary education. I can attest to that having gone through the Canadian education
    system from primary school through graduate school. Only students specializing in geology and geophysics at the university level would have
    some idea of what is involved in oil exploration. This is an insignificantly tiny number of people out of the 99.9+% who would have no clue.

    3) Gazprom has developed fracking technology for its own needs. Note that fracking was developed in the 1950s but the western fake stream
    media makes it sound like some recent sci-fi achievement. The only innovation is in the chemicals used to facilitate fracture formation and
    yield more tight gas or oil from fracking operations. I posted on this subject before, but Russia has a well developed research base for
    rock fracturing.

    We have seen the utter failure of the NATO sanctions on Russia since 2014. NATO politicians believe the drivel such as that spewed by
    the above article, and really think that Russia can be cut off from vital technology and prevented from pursuing its economic objectives
    and development. This thinking is clearly insane.

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jun 13, 2017 4:01 pm

    kvs agree , I was more interested in the reserve part of the article did not venture into other areas till you listed it out.

    Russia for now does not need shale oil much like shale gas as conventional reserve is good for the next 30 years there are other still under findings but its good to develop technology on their own.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jun 13, 2017 4:03 pm

    OK now EU acting funny wants to have 3rd party Access to Nord Stream-2 under a standalone agreement ......So they are applying 3rd party law only for Nord Stream 2 even though the law in current form does not apply to off shore pipeline , Ukraine , Poland might be blushing !

    EC presses on with TPA demands for Nord Stream 2


    http://interfaxenergy.com/gasdaily/article/26321/ec-presses-on-with-tpa-demands-for-nord-stream-2

    The European Commission has confirmed it wants third-party access rules to apply to Nord Stream 2 under a standalone agreement, and it seems determined to overcome strong opposition from the project developers to get its way.

    The European Commission confirmed last week that it had requested a mandate from the Council of the EU to negotiate a separate legal framework with Russia for the Nord Stream 2 pipeline. This is because EU rules under the Third Energy Package do not apply to the route’s offshore sections, which are located outside EU jurisdiction.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jun 13, 2017 4:08 pm

    When bad news comes it comes in abundance , China Russia Western Gas Pipleline now under Doubt

    China pipeline talks on thin ice


    More:
    http://tass.com/pressreview/950660


    Nezavisimaya Gazeta: China's flammable ice breakthrough freezes pipeline talks


    Russia’s gas giant, Gazprom, may face difficulties in or even abandon its Power of Siberia 2 pipeline project, the so-called western route to China, along with the Far Eastern pipeline from Sakhalin, Nezavisimaya Gazeta writes on Friday citing analysts. This comes after reports that negotiations between Moscow and Beijing on new contracts for Russian gas pipeline supplies have reached a stalemate. With doubts hanging over potentially overestimating gas demand and prices, China has taken time-out to explore the LNG market potential, and may even revise its plans to switch from coal to gas. The western route of supplying Russian gas to China has been more thoroughly developed as the memorandum on preliminary conditions for annual deliveries of 30 bln cubic meters of gas has already been sealed, and the plan is to ink the contract by the end of this year. However, the drop in global oil prices has disrupted those plans as gas export contracts are pegged to the price of crude, the newspaper says.

    In mid-May, China announced what it called a major breakthrough that may lead to a global energy revolution - it successfully mined combustible ice in the South China Sea. It was reported that a total of 120 cubic meters of flammable ice was produced. "In a situation when China says a new energy revolution is about to take off, it would definitely slow down any new contracts since the Chinese need time to grasp how profitable this new type of production is," Ivan Kapitonov, a senior fellow at the Energy Policy Sector of the Institute of Economics of the Russian Academy of Sciences, told Nezavisimaya. "We’re a facing a situation of uncertainty, and if China starts its own gas production, Gazprom should be brace for a price war and price rollbacks, which are not promising for routes not yet constructed and they may even have to abandon it," he added.

    Vyacheslav Kulagin, Head of Oil and Gas sector development, Department for Russia and the World at Energy Research Institute of the Russian Academy of Sciences, agreed that the best thing for now is to take a break and keep a close eye on changes in the market before making decisions on particular projects. "It is necessary to continue talks and monitor the market situation. It is irrational to sign new contacts at whatever the cost because any agreement should be made only on appropriate terms," he said. In addition, Kulagin said, “it would be a great trigger for GDP growth if local demand is covered by currently imported products.” “Obviously, Russia has potential here, but whether it might be realized along with potentially coming out the winner, depend much on the state,” he added.




    More:
    http://tass.com/pressreview/950660
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Tue Jun 13, 2017 4:17 pm

    Russia will have to rely on Power of Siberia and Turk Stream in the future for its oil and gas sales to other states. The rest will be its LNG plants which will take off in 2020. Outside of that, rest is a real gamble. China's method wont be really profitable and will be costly but they are doing what they need to do and Russia needs to realize. In the end, the major part of Russia's economy, its development and its sovereignty will be on self reliance - on its own consumption, its own development of technologies and its own internal trade. The rest is just icing on the cake. Future will be Russia's agricultural sales to other countries and countries interested in Russian technology, its various resources like metals and such.

    The good thing is, majority of these prospective projects are not included in current economic activity so it isn't a loss but it isn't a gain either. They just got to keep current projects going.

    As for the Nord Stream 2 concept, I think it would be good idea for Russia to take a step back and state "Want our resource? You buy at our border and you can transport it yourself". Because whatever europe is trying to do, is trying to gain control of Russia's gas and oil transportation. Which in this case, they shouldn't.

    Now it will be up to Putin and co to address the nation, talk about the issues and make it clear that the direction of development will be internal and for the good of the nation and its people. People at first will be mad that they cannot do this or that or they cannot get their precious iPhones or what not. But after a bit of time, people come to terms with it and will even promote it.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Jun 14, 2017 2:47 pm

    Now US wants to impose sanction on other countries that invest in Russia Energy Projects

    US Senate set to drastically limit investment in Russia’s energy projects

    The bill also makes the removal of earlier sanctions impossible without congressional approval


    WASHINGTON, June 14. /TASS/. US senators are set to vest the president with the power to impose sanctions on companies and individuals investing or supporting Russian pipeline projects, according to an amended bill on anti-Russian sanctions expected to be passed by the Congress this week.

    Under the amended version, submitted to the Congressional Record on Tuesday, the US president may impose sanctions on a person who "makes an investment… or sells, leases, or provides to the Russian Federation, for the construction of Russian energy export pipelines, goods, services, technology, information, or support."

    This provision applies to any project "which has a fair market value of $1,000,000 or more" or "during a 12-month period, have an aggregate fair market value of $5,000,000 or more."

    The US leader will also be entitled to blacklist foreigners who invest heavily in Russian oil extraction projects, if this does not contradict national interests of the United States.


    The bill also envisages sanctions against those who invest $10,000,000 or more, or facilitates such an investment, if it "directly and significantly contributes to the ability of the Russian Federation to privatize state-owned assets in a manner that unjustly benefits" Russian government officials or their family members.

    The sanctioned persons or companies will not be allowed to get the Export-import bank assistance for exports and may have their export license revoked. The president may also prohibit any US financial institution from making loans or providing credits to the sanctioned person totaling more than $10,000,000 in any 12-month period.

    The bill would seal the sanctions, imposed by executive orders of ex-president Barack Obama over Crimea’s reunification with Russia and Moscow’s alleged role in the civil conflict in eastern Ukraine, making their removal impossible without congressional approval.

    In a separate initiative, the upper chamber plans to put into practice its long-term idea to impose sanctions on those who render significant financial or technical support to the Syrian government.

    If the bill, intended to put more pressure on Russia and Iran, is adopted by the Congress and signed into law by the president, the US presidential administration will lose its ability to lift sanctions without consent from the Congress.


    More:
    http://tass.com/world/951173
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Thu Jun 15, 2017 7:37 am

    I am curious how they will pull that. I imagine EU will give in instantly, but China has been one to defy the most with its purchases and dealings with Iran. Same with South Korea. Asians don't seem to give a shit about sanctions compared to Europeans.

    Japan is already interested in JV in Russia's LNG and already invested money, so I think it will be fun to watch the US get bitched out at. Already Europe is pleading to Tillerson to help improve Russian relations. This means that it will make it hard and Europe will end up getting pissed off.

    The US is growing desperate and are now trying to influence its "allies" instead because they know they can't touch Russia. Lol.
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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Thu Jun 15, 2017 8:24 am

    miketheterrible wrote:I am curious how they will pull that. I imagine EU will give in instantly, but China has been one to defy the most with its purchases and dealings with Iran. Same with South Korea. Asians don't seem to give a shit about sanctions compared to Europeans.

    Japan is already interested in JV in Russia's LNG and already invested money, so I think it will be fun to watch the US get bitched out at. Already Europe is pleading to Tillerson to help improve Russian relations. This means that it will make it hard and Europe will end up getting pissed off.

    The US is growing desperate and are now trying to influence its "allies" instead because they know they can't touch Russia. Lol.

    The US is regime is a collection of retarded bullies and thugs, aka meatheads. They are going after Russian nuclear power
    plant exports. Good luck with that. Bangladesh, India, and others will give Uncle Scum the middle finger. Westinghouse is
    bankrupt so there is pretty much nobody giving Rosatom any competition. Are countries going to cut off their nut sacks to
    please US politicians. Not bloody likely.
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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Thu Jun 15, 2017 12:16 pm

    Yes.  You are right.  Because India, China and a lot others are reliant on Russian military equipment, Energy products like Oil/Gas and Nuclear.  This bill is trying to threaten third countries from buying from Russia.  All this will do is create panic at first among these countries then eventually the countries will create throwaway companies that they don't care that would be sanctioned, in purchasing what is needed in their respective countries.  Or they will outright tell the US that they can collectively stick it.

    This is far more a threat to US and its influence than it is for Russia.  At least that is how I see it. A massive gamble as their ego's are getting the better of them. Some countries and people will fear the US and thus stand down but others like China is not easily threatened or influenced. India is a nation of corrupt savages in power, so it is a 50/50 chance India could fall in line with US. Although, it will not benefit them as we all know Pakistan will try to gain something from Russia then out of it.
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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Fri Jun 16, 2017 3:54 am

    https://ria.ru/amp/economy/20170615/1496567230.html

    Lol. Looks like in haste, European companies transferred the funds for Nordstream2 to Gazprom.
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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Fri Jun 16, 2017 4:27 am

    miketheterrible wrote:https://ria.ru/amp/economy/20170615/1496567230.html

    Lol. Looks like in haste, European companies transferred the funds for Nordstream2 to Gazprom.

    I love capitalism love lol1
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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Fri Jun 16, 2017 6:22 am

    The Germans and Austrians are defo not happy. The comments in the linked thread are not worth your time!

    Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in Europe - slammed the latest U.S. sanctions against Moscow, saying they could affect European businesses involved in piping in Russian natural gas.

    Shortly after the Senate voted Wednesday to slap new sanctions on key sectors of Russia's economy over "interference in the 2016 U.S. elections" and aggression in Syria and Ukraine, in a joint statement Austria's Chancellor Christian Kern and Germany's Foreign Minister Sigmar Gabriel said it appeared that the Senate bill was aimed at securing US energy jobs and pushing out Russian gas deliveries to Europe.

    Gabriel and Kern also accused the U.S. of having ulterior motives in seeking to enforce the energy blockade, which they said is trying to help American natural gas suppliers at the expense of their Russian rivals. And they warned the threat of fining European companies participating in the Nord Stream 2 project "introduces a completely new, very negative dimension into European-American relations."

    In their forceful appeal, the two officials urged the United States to back off from linking the situation in Ukraine to the question of who can sell gas to Europe. "Europe's energy supply is a matter for Europe, and not for the United States of America," Kern and Gabriel said. The reason why Europe is angry Some Eastern European countries, including Poland and Ukraine, fear the loss of transit revenue if Russian gas supplies don't pass through their territory anymore once the new pipeline is built.

    While the diplomats said that it was important for Europe and the US to form a united front on the issue of Ukraine, "we can't accept the threat of illegal and extraterritorial sanctions against European companies," the two officials warned citing a section of the bill that calls for the United States to continue to oppose the Nord Stream 2 pipeline that would pump Russian gas to Germany beneath the Baltic Sea. According to AP, half of the cost of the new pipeline is being paid for by Russian gas giant Gazprom, while the other half is being shouldered by a group including Anglo-Dutch group Royal Dutch Shell, French provider Engie, OMV of Austria and Germany's Uniper and Wintershall.

    Their concern was echoed by Russia's energy giant Gazprom, whose Deputy CEO Alexander Medvedev said that Senate’s plan for extended sanctions to cover Nord Stream 2 gas pipeline project is a way to secure US LNG in Europe. He also said that the project is proceeding in line with plan and that it has already received more than €1BN from Nord Stream 2 partners, chief among which Germany and Austria.

    In light of recent media frenzy in the US, we are skeptical the Senate will undo its decision, lest it too be accused of being infiltrated by KGB spies and colluding with Putin.


    http://www.zerohedge.com/news/2017-06-15/germany-austria-slam-us-sanctions-against-russia-warn-collapse-relations
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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Fri Jun 16, 2017 8:01 am

    The US does not have the natural gas export capacity to supply the EU in lieu of Russia. For f*ck's sake, the US imports
    natural gas from Canada! The fracked tight gas hysteria is insane.

    http://www.artberman.com/the-days-of-cheap-natural-gas-are-over/

    http://www.artberman.com/one-hundred-years-of-natural-gas-not-at-these-prices/
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    Re: Russian Oil and Gas Industry: News

    Post  zg18 on Sun Jun 18, 2017 9:33 am


    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Jun 18, 2017 4:12 pm

    kvs wrote:The US does not have the natural gas export capacity to supply the EU in lieu of Russia.  For f*ck's sake, the US imports
    natural gas from Canada!   The fracked tight gas hysteria is insane.

    http://www.artberman.com/the-days-of-cheap-natural-gas-are-over/

    http://www.artberman.com/one-hundred-years-of-natural-gas-not-at-these-prices/

    Yes , US is the new importer of Natural Gas and Petrolium Products

    From US EIA

    Natural Gas https://www.eia.gov/energyexplained/index.cfm?page=natural_gas_imports
    Petroleum : https://www.eia.gov/tools/faqs/faq.php?id=727&t=6


    So there is a limit to how much US can and will export as this would impact their domestic prices and Shale as business has mostly been in Loss sustained only by Cheap Credit of QE ...There are doubts how much of Shale business is sustainable in medium/long run

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Jul 07, 2017 6:25 pm

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Fri Aug 04, 2017 4:53 am

    OPAL Case Resolved: Western Europe 'Not Afraid to Cooperate With Russia'


    https://sputniknews.com/business/201708031056159646-opal-case-resolved/
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Sat Aug 05, 2017 3:36 am

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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Sat Aug 05, 2017 1:29 pm

    Russian Antitrust Watchdog Allows Austrian Firm to Buy 24.99% in Gazprom JV

    https://sputniknews.com/business/201708051056202238-russia-allows-austria-buy-gazprom-jv/

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    Re: Russian Oil and Gas Industry: News

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