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    Russian Oil and Gas Industry: News

    kvs
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    Post  kvs on Tue Apr 23, 2019 2:57 pm

    miketheterrible wrote:Rumor has it that Belarus is shooting itself in the foot by going to stop buying Russian overpriced and poor quality oil for imports from Lithuania and Latvia.

    Isn't that shit way more expensive?

    Numerous governments around the world have been regime changed by the USA for doing less.

    This sounds like some sort of joke. Belorussian refineries would have been built to handle the "poor quality"
    (i.e. higher sulfur and viscosity) Russian oil. The Urals grade is cheaper than other grades for these
    reasons. So "overpriced" sounds like some tantrum excrement from a drama queen. Do they want it for next
    to nothing even though their refineries can handle it without issue?

    This smells of misinformation propaganda to me.

    miketheterrible
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    Post  miketheterrible on Tue Apr 23, 2019 3:05 pm

    kvs wrote:
    miketheterrible wrote:Rumor has it that Belarus is shooting itself in the foot by going to stop buying Russian overpriced and poor quality oil for imports from Lithuania and Latvia.

    Isn't that shit way more expensive?

    Numerous governments around the world have been regime changed by the USA for doing less.

    This sounds like some sort of joke.   Belorussian refineries would have been built to handle the "poor quality"
    (i.e. higher sulfur and viscosity) Russian oil.   The Urals grade is cheaper than other grades for these
    reasons.   So "overpriced" sounds like some tantrum excrement from a drama queen.  Do they want it for next
    to nothing even though their refineries can handle it without issue?    

    This smells of misinformation propaganda to me.


    https://tass.ru/ekonomika/6365236?utm_source=twitter.com&utm_medium=social&utm_campaign=smm_social_share

    What makes this even worst now I think about it, Belarus will use Russian money for this since Russia recently gave them a loan.
    Hole
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    Post  Hole on Tue Apr 23, 2019 4:24 pm

    https://southfront.org/belarus-stops-oil-exports-to-ukraine-poland-and-the-baltics-less-than-week-after-russian-ban-of-oil-export-to-ukraine/

    No more (re-)exports.
    miketheterrible
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    Post  miketheterrible on Tue Apr 23, 2019 4:29 pm

    Hole wrote:https://southfront.org/belarus-stops-oil-exports-to-ukraine-poland-and-the-baltics-less-than-week-after-russian-ban-of-oil-export-to-ukraine/

    No more (re-)exports.

    That is probably what Belarus is now doing by importing oil from other countries, so they can process it and sell to Ukraine.

    Oh well, hopefully they use their own money.
    miketheterrible
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    Post  miketheterrible on Fri Apr 26, 2019 4:56 pm

    https://www.rt.com/business/457609-russia-gas-novatek-china/

    Russia’s Novatek sells 20% in Arctic LNG 2 to Chinese firms

    Russian gas producer Novatek said that it had signed agreements with two Chinese companies, under which the Asian firms will become shareholders in the Arctic LNG project with 10 percent each.
    Novatek, the largest Russian producer and exporter of liquefied natural gas (LNG), signed an agreement with CNOOC and another deal with China National Oil and Gas Exploration and Development Company (CNODC), a wholly owned subsidiary of China National Petroleum Corporation (CNPC). CNOOC and CNODC will enter the Arctic LNG project with a 10-percent participation interest each.

    “We are very glad that CNOOC has joined our Arctic LNG 2 project as our new partner, since China represents one of the key consuming markets for our LNG sales,” Leonid Mikhelson, Novatek’s Chairman of the Management Board, said in a statement.

    “Arctic LNG 2 will be a game-changer in the global gas market, and our proven track record to successfully build an LNG facility in the Arctic zone, combined with a proven logistical model with access to prospective markets and large hydrocarbon resource base will ensure the successful implementation of this world class project,” according to Mikhelson.

    Earlier this year, France’s Total, a partner of Novatek in the producing Yamal LNG project, signed a deal to buy a direct 10-percent interest in Arctic LNG 2. The project’s final investment decision (FDI) is expected to be made in the second half of 2019, with plans to start up the first liquefaction train in 2023, according to the French oil and gas major.

    Earlier this month, Novatek signed a preliminary agreement with Vitol for supply from Arctic LNG.

    “We commenced contracting LNG volumes from our new project Arctic LNG 2,” Novatek’s First Deputy Chairman of the Management Board, Lev Feodosyev, said in early April, adding that “LNG volumes sold at our transshipment terminals ensures the flexibility of LNG supplies around the world and allows us to create LNG hubs in the Asia-Pacific and Atlantic basins.”

    While keeping a grip on the European gas market, Russia looks to boost LNG deliveries to the growing Asian market with storage hubs close to end-users to reduce freight costs and increase flexibility in deliveries.Earlier this month, Novatek signed a preliminary agreement with Vitol for supply from Arctic LNG.

    “We commenced contracting LNG volumes from our new project Arctic LNG 2,” Novatek’s First Deputy Chairman of the Management Board, Lev Feodosyev, said in early April, adding that “LNG volumes sold at our transshipment terminals ensures the flexibility of LNG supplies around the world and allows us to create LNG hubs in the Asia-Pacific and Atlantic basins.”

    While keeping a grip on the European gas market, Russia looks to boost LNG deliveries to the growing Asian market with storage hubs close to end-users to reduce freight costs and increase flexibility in deliveries.
    miketheterrible
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    Post  miketheterrible on Fri Apr 26, 2019 5:30 pm

    https://www.vesti.ru/doc.html?id=3142127&3142127

    Apparently, the bad quality oil I mentioned earlier sent to Belarus? It was actually intentionally tampered with. A private company at a metering terminal, someone spiked the oil:

    As reported Demin, stuffing organochlorine compounds was carried out via the metering station owned by a private entity "Smartasset-Terminal". The offices of several private organizations in Samara now there are investigations.

    An investigation is being done. Someone tampering with oil which would cause major damage and sales is serious. I imagine at this point, whoever did it should face huge punishment. I am assuming it is a Ukrainian national that did it.
    GarryB
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    Post  GarryB on Sat Apr 27, 2019 2:48 am

    What makes this even worst now I think about it, Belarus will use Russian money for this since Russia recently gave them a loan.

    If they want to borrow money from Russia to buy oil from other countries that is fine... as long as Russia gets paid back with interest who cares what they do with it?

    An investigation is being done. Someone tampering with oil which would cause major damage and sales is serious. I imagine at this point, whoever did it should face huge punishment. I am assuming it is a Ukrainian national that did it.

    So what is that trying to say... they put impurities in Russian oil imports so they could justify buying more expensive oil from other countries?

    Who cares.

    They are buying fuel from other countries so they can sell it to the ukraine... but that oil will cost them more and will therefore cost the Ukraine more too, which is the point of Russia stopping sales to the ukraine isn't it? Russia wasn't expecting the Ukraine to just not get oil from anywhere else. They just want them to pay more for it from someone else.

    Funny thing would be to check out the board members of this private company.... seems private gas companies in the Ukraine include famous last names like Biden... and when those companies get investigated then the prosecutor gets fired by Poroshenko.... but not now.
    miketheterrible
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    Post  miketheterrible on Thu May 02, 2019 8:31 am



    About the contaminated oil sent to Belarus.

    Apparently a full on investigation and the plant is currently shut down for until investigation over. Heads will roll for sure.
    Odin of Ossetia
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    Post  Odin of Ossetia on Fri May 03, 2019 11:30 pm





    Contaminants Found in Imported Russian Oil in Central Europe.

    https://www.reuters.com/article/us-russia-oil-poland-idUSKCN1S810D?utm_source=reddit.com


    Germany, Poland, Slovakia, Ukraine, and other countries halted oil imports from Russia via a pipeline.



    Is this for real, or a fabricated excuse to cease importing of the Russian oil?

    Question
    JohninMK
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    Post  JohninMK on Sat May 04, 2019 7:17 pm

    Odin of Ossetia wrote:



    Contaminants Found in Imported Russian Oil in Central Europe.

    https://www.reuters.com/article/us-russia-oil-poland-idUSKCN1S810D?utm_source=reddit.com


    Germany, Poland, Slovakia, Ukraine, and other countries halted oil imports from Russia via a pipeline.



    Is this for real, or a fabricated excuse to cease importing of the Russian oil?

    Question
    Economically this is a very important pipeline that has been running for decades, seems unlikely these countries would want it to stop. Sabotage en route?
    auslander
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    Post  auslander on Sun May 05, 2019 7:05 pm

    Apparently it was the one which supplies orcland with 'not Russian' gas. Perhaps a gentle hint to the orcs, and their masters The Land of the Poles, that things can change instantly? First rumors were the line would be down for two months while the 'contamination' was found and rectified and the pipes cleaned. Now, after less than a week, they are back in action. And, VVP said publicly that if this line was a problem and down for 'a long time', orcland was shit out of luck 'cause it was the only one that feeds them the 'not Russian' gas.
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    Post  Karl Haushofer on Tue May 14, 2019 9:42 am

    A major new oil discovery in Russian arctic: https://thebarentsobserver.com/en/industry-and-energy/2019/05/artic-oil-field-could-be-russias-biggest-discovery-30-years#.XNKtqMPDhbQ.twitter

    George1
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    Post  George1 on Tue May 14, 2019 4:36 pm

    Gazprom: 40 km left to complete Russian part of Nord Stream 2 pipeline

    The Nord Stream 2 project envisages the construction of two lines of a gas pipeline with total capacity of 55 bln cubic meters of gas per year, running from Russia to Europe across the Baltic Sea

    ST.PETERSBURG, May 14. /TASS/.

    About 40 km are still to be built to complete the Russian part of the Nord Stream 2 gas pipeline, Deputy Chairman of the Board of Gazprom Vitaly Markelov told at a press conference.

    "Of the 880 km of the Gryazovets-Slavyanskaya gas pipeline, we have only 40 km left for welding and assembly work," he said.

    As part of the construction of the pipeline for deliveries to Nord Stream 2, it was planned to lay two strings of the main gas pipeline with the diameter of 1,400 mm at the section "km 538 - km 852.7" and four strings with the diameter of 800 mm in the section "km 852.7 - km 859.5 "(from the Slavyanskaya compressor station to the coastline).

    The Nord Stream 2 project envisages the construction of two lines of a gas pipeline with total capacity of 55 bln cubic meters of gas per year, running from Russia to Europe across the Baltic Sea. The 9.5 bln euro ($11 bln) project is expected to start operations before late 2019.

    Gazprom’s European partners in the project are Wintershall, Uniper, OMV, Engie and Royal Dutch Shell. They are to finance 50% of the project.


    More:
    http://tass.com/economy/1058150
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    Post  owais.usmani on Fri May 24, 2019 6:07 am

    Novatek announces 3rd LNG project in Arctic


    As if in a great rush to develop its Arctic resources, Russian natural gas company Novatek this week made clear that it is starting the development of a third LNG project in the Yamal region.

    The Ob LNG will be based on the resources of the Verkhnetiuteyskoye and Zapadno-Seyakhinskoye fields, two structures located in the central part of the Yamal Peninsula. The fields hold a total of 157 billion cubic meters of natural gas and the projected new plant will produce up to 4,8 million tons of LNG per year.

    The plant and adjacent infrastructure will cost $5 billion and is to come in operation in year 2023, newspaper Kommersant reports with reference to a high-ranking representative of Novatek.

    The development of the Ob LNG will run parallel to the Arctic LNG 2, the company’s far bigger project currently under development on the nearby Gydan Peninsula. The Arctic LNG 2 will produce up to 19,8 million tons, and the first of the projected three trains is to be ready by year 2023.

    The announcement of the Ob LNG comes a the same time as Novatek signs a major contract with UK-based TechnipFMC on engineering and construction of the Arctic LNG 2.

    Novatek’s first Arctic project, the Yamal LNG, is already operating at full speed, which means an annual production of up to 16,5 million tons.

    Unlike the two other projects, the Ob LNG will be build exclusively with Russian-made technology. This will be up twice as cheap as with foreign technology, Kommersant writes.

    The new plant will be built in Sabetta, near the installations serving the Yamal LNG. A pipeline will connect the plant with the two gas fields, and the Sabetta sea terminal will provide a route for exports.

    https://thebarentsobserver.com/en/industry-and-energy/2019/05/novatek-announces-3rd-lng-project-arctic
    kvs
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    Post  kvs on Fri May 24, 2019 6:20 am

    owais.usmani wrote:

    Novatek announces 3rd LNG project in Arctic



    As if in a great rush to develop its Arctic resources, Russian natural gas company Novatek this week made clear that it is starting the development of a third LNG project in the Yamal region.

    The Ob LNG will be based on the resources of the Verkhnetiuteyskoye and Zapadno-Seyakhinskoye fields, two structures located in the central part of the Yamal Peninsula. The fields hold a total of 157 billion cubic meters of natural gas and the projected new plant will produce up to 4,8 million tons of LNG per year.

    The plant and adjacent infrastructure will cost $5 billion and is to come in operation in year 2023, newspaper Kommersant reports with reference to a high-ranking representative of Novatek.

    The development of the Ob LNG will run parallel to the Arctic LNG 2, the company’s far bigger project currently under development on the nearby Gydan Peninsula. The Arctic LNG 2 will produce up to 19,8 million tons, and the first of the projected three trains is to be ready by year 2023.

    The announcement of the Ob LNG comes a the same time as Novatek signs a major contract with UK-based TechnipFMC on engineering and construction of the Arctic LNG 2.

    Novatek’s first Arctic project, the Yamal LNG, is already operating at full speed, which means an annual production of up to 16,5 million tons.

    Unlike the two other projects, the Ob LNG will be build exclusively with Russian-made technology. This will be up twice as cheap as with foreign technology, Kommersant writes.

    The new plant will be built in Sabetta, near the installations serving the Yamal LNG. A pipeline will connect the plant with the two gas fields, and the Sabetta sea terminal will provide a route for exports.

    https://thebarentsobserver.com/en/industry-and-energy/2019/05/novatek-announces-3rd-lng-project-arctic

    An example where the "wooden ruble" generates real economic activity instead of being a "fail". The under-pricing of the ruble on the currency markets due
    to moronic western MSM driven narratives about how Russia is a resource exporting banana republic (BTW, it's not since there would be a massive amount
    of imports of processed goods which simply is not the case) is giving Russia a large export stimulus and domestic processed goods production boost.

    Please, more "wooden ruble" exchange rates. They are better than any tariff by far.

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    owais.usmani

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    Post  owais.usmani on Sun May 26, 2019 6:21 pm

    https://www.neweurope.eu/article/us-sanctions-may-be-too-late-to-stop-nord-stream-2-construction/

    US sanctions against the controversial Nord Stream-2 pipeline from Russia to Germany are unlikely stop the project’s construction but may prevent Russian gas monopoly Gazprom from using the pipeline at full capacity in the future, Alexei Kokin, a senior oil and gas analyst at UralSib Financial Corp in Moscow, told New Europe on 23 May.

    US Energy Secretary Rick Perry said on 21 May that a sanctions bill putting restrictions on companies involved in the Nord Stream-2 project would come in the “not too distant future”. “The opposition to Nord Stream-2 is still very much alive and well in the United States,” Reuters quoted Perry as telling a briefing on a visit to Kyiv for the inauguration of President Volodymyr Zelensky.

    “The United States Senate is going to pass a bill, the House is going to approve it, and it’s going to go to the President and he’s going to sign it, that is going to put sanctions on Nord Stream-2,” Perry added.

    Reacting on the threat of sanctions against Nord Stream-2, a European Commission spokeswoman told New Europe on 24 May, “We have no comment to make to these comments.”

    Meanwhile, Reuters quoted a German Economy Ministry spokeswoman as saying on 22 May Berlin has taken note of the threat of US sanctions being placed on Nord Stream-2 but rejected sanctions that have extraterritorial effect.

    Nord Stream-2 EU Representative Sebastian Sass stressed that the project is being implemented based on a comprehensive legal framework of permitting procedures and following clearly defined legal requirements. “We are of course monitoring these developments and political statements that you refer to, but I am not in the position to speculate about them,” he told New Europe. “Our investors are committed to the project almost all of our project’s CAPEX (capital expenditure) has been contracted,” he added.

    The US, Ukraine and a number of European states are opposing the Nord Stream-2 pipeline, arguing that the Moscow-backed project would increase the EU’s reliance on Russian gas and reduce that transit of gas via Ukraine.

    But Kokin argued that Nord Stream-2 construction couldn’t be halted. “They (the sanctions) probably won’t affect the construction but judging by the experience of the first stage they might affect the utilisation rights in the future if for some reason Gazprom is unable to use the new pipeline 100% then that could happen,” he said. “It’s more likely than not to be built, to be physically completed but whether it’s going to be used to the full capacity is a different question,” Kokin added.

    The UralSib oil and gas analyst said there is more than one direction the sanctions are taking. “I think it’s more likely that the straightforward sanctions will have zero impact, will have no impact, but it’s possible that some of the European countries, Poland for instance, could be able eventually to block the new project from working at full capacity. That’s a bit of a different approach. It doesn’t mean that the United States will be able to do this directly,” Kokin said. “It’s more of an indirect obstacle to the project, but to me is a bigger potential problem that I think will be resolved over time. But, if you are talking about basically any threats by the United States to sanction individual contractors, I don’t think they will be very effective. I think it’s a bit too late at this stage to have much practical impact on the construction itself,” he added.

    Kokin acknowledged US sanctions against European companies that have done nothing to slow Nord Stream’s progress could hurt the companies’ US interests. “It could be a risk. I’m not saying it’s not a risk but my own feeling is that at this stage, the construction stage, the risks of no completion to Gazprom are not as high,” he said.

    He argued that Washington in the future would be focusing not so much in physically obstructing the construction of Nord Stream-2 as preventing the pipeline’s utilisation at full capacity.

    “Obviously there are a number of issues involved which basically have to do with competition among various suppliers of gas to the European Union that could be raised by EU member countries in opposition to this project being able to use internal European Union pipelines,” he said, adding. “This is a more systemic approach that could be used against Gazprom.”
    kvs
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    Post  kvs on Sun May 26, 2019 8:10 pm

    The EU is going to have to choose between being Uncle Scumbag's $2 whore and its real economic interests. The EU economy
    is no small potatoes that the USA can dictate absolute conditions. The EU can damage America's GDP substantially with its
    own sanctions. America's wannabe imperialist, extra-territorial attempts of control can be dismissed outright. Let's see
    Uncle Scumbag "bring it". American is not position to sanction the EU even it acts as if it can.

    Germany is already giving Uncle Scumbag the middle finger. The more that this megalomaniac retard makes threats, the less
    respect and authority he will have.

    GarryB
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    Post  GarryB on Mon May 27, 2019 5:34 am

    What the Russians should do is cancel the project completely... seal the pipes going through the Ukraine so the only gas in them comes from Europe and pipe the only Russian gas going into Europe through Turkey.

    Then set up some LNG plants and say to Europe... OK... we have cut off your dependence on Russia for gas supplies... what do you mean you need much more volume than can be sent by South Stream... you need much much more energy... OK, our LNG is still cheaper than American LNG so you can order it by the boat load to meet your needs... it will end up costing you much much more and guess what... we are going to deliver it to a few countries in the EU that have been consistently positive to us like Greece and Italy and Germany can buy its gas from them... hell if you want to you can have gas pipelines from there around Europe but we wont be delivering gas to any country that got in the way of our gas pipelines... except with a 500% tariff on it... So you know who you are... if you need our gas... those are our terms.

    BTW sales of gas to Asia are really going well... we are selling it rather cheaply but they are a good customer that don't impose sanctions on us so we give them a good deal... see how that works you bunch of ungrateful censored .

    At the end of the day Europe needs more gas... and it needs more gas than the US can actually supply... cutting them off will reduce income for a little bit, but liquification plants makes it more expensive but that is recovered when you sell it at the higher price... if the EU wants to let the US bully it into more expensive energy costs then why should Russia care?
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    Post  owais.usmani on Wed Jun 12, 2019 8:28 am

    https://sdelanounas.ru/blogs/120904/

    Oil was extracted for the first time at the Vyngapurovskoye field in Yamal, which was discovered by artificial intelligence after digital processing of geological data.
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    Post  owais.usmani on Sat Jun 15, 2019 8:40 pm

    https://www.enisey.tv/news/post-15752/

    Drilling of one of Russia's largest oil fields began on Taimyr
    George1
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    Post  George1 on Mon Jun 17, 2019 4:08 am

    No legal grounds to suspend Nord Stream-2 construction - Russian senior security official


    The gas pipeline fully complies with international maritime and environmental laws and the Third Energy Package, Deputy Secretary of the Russian Security Council Alexander Venediktov stressed

    MOSCOW, June 15. /TASS/. There are no legal grounds to suspend or stop Nord Stream-2 construction, the project’s opponents are using unlawful means, Deputy Secretary of the Russian Security Council Alexander Venediktov said in an interview with the Rossiiskaya Gazeta daily on Sunday, commenting on US Energy Secretary Rick Perry’s statement on a new sanction-imposing law geared against the gas pipeline.

    "The US secretary’s statement is not the first one in a row of demarches against our project. But there are absolutely no legal grounds to suspend or stop the project. It fully complies with international maritime and environmental laws, the Third Energy Package, Finland’s, Sweden’s, Denmark’s and Germany’s laws. The project’s opponents are fully aware of that and resort to instruments outside the legal framework, use illegal tools that are not merely geared against the Russian pipeline but also threaten the global economy," he stressed.

    He stressed that Russia’s partners under the project are interested in its soonest implementation. This interest, in his words, is purely economic as is motivation of the project’s opponents.

    "The perspective of having a strong rival on the gas market is scaring big energy corporations, the more so as liquefied gas they offer as an alternative to our pipeline gas costs by about 30% higher. No wonder in such an unfavorable environment any argument against the competitor would do," he said.

    US Energy Secretary Rick Perry said in Kiev in May Washington planned to impose sanctions against the Nord Stream-2 project. A spokesman for Germany’s ministry of economy and energy said in turn that his country’s government had took notice of the US side’s statements but was against restrictions which could have extraterritorial impacts. Rainer Seele, CEO of Austria’s oil giant OMV, accused the United States of seeking to dictate an energy policy to the European Union and called on Brussels to protect all companies that could face Washington’s sanctions for their participation in the Nord Stream-2 construction.

    Driven by geopolitical considerations, Washington openly opposes the construction of the Nord Stream-2 gas pipeline and is taking effort to block this project. Experts say this way the United States is seeking to push supplies of its liquefied gas to the European market, although it is much more costly than Russia’s. The 2017 Countering America’s Adversaries Through Sanctions Act (CAATSA) envisages a possibility of using unilateral restrictions against companies participating in the implementation of the Nord Stream-2 project.

    Nord Stream-2 is an international project for the construction of a gas pipeline that will run across the bottom of the Baltic Sea from the Russian coast to Germany bypassing transit states, such as Ukraine, Belarus, Poland and other Eastern European and Baltic countries.

    The new 1,200 kilometer pipeline, basically following the same route as Nord Stream, will traverse economic zones and territorial water of five countries, namely Russia, Finland, Sweden, Denmark, and Germany. The pipeline’s capacity will be 55 billion cubic meters of gas a year and it is planned to be commissioned in late 2019.

    Nord Stream 2 AG is the operator of the pipeline construction. Its sole stakeholder is Russia’s Gazprom. Gazprom’s European project partners are Germany’s Uniper and Wintershall, Austria’s OMV, France’s Engie, and Royal Dutch Shell (the UK and the Netherlands) that are to finance 50% of the project, which is estimated at 9.5 billion euro.

    https://tass.com/economy/1064049
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    Post  owais.usmani on Mon Jun 17, 2019 3:28 pm

    https://www.reuters.com/article/us-russia-oil-shale-gazpromneft/gazprom-neft-says-bazhenov-shale-oil-output-to-reach-viability-by-2022-2023-idUSKCN1TI0MQ

    ST PETERSBURG (Reuters) - Russia’s Gazprom Neft expects lifting costs at Bazhenov formation, the world’s largest shale oil resource, to gradually fall and reach an acceptable level for viable production by 2022-2023, a top company official said on Thursday.

    Russia sits on huge reserves of shale oil, which needs more investments for developments than the conventional oil. Unlike the United States, it lacks technology and funds to produce shale oil in large volumes.

    The break-even lifting costs for shale oil production at the formation stand at 8,500 rubles ($132) per tonne, Alexei Vashkevich, head of geological exploration and resource base development at Gazprom Neft, told reporters.

    “We are ready to get that number in 2022-2023,” he said in comments, cleared for publication on Monday.

    He said the company had been working to raise its effectiveness, including via implementation of state-of-the-art technologies.

    The company plans to start commercial production of oil from Bazhenov formation in 2025, Vashkevich reiterated.

    The International Energy Agency describes Bazhenov as the world’s largest source rock, a bed of ancient organic matter dating back to the Jurassic period which has given rise to most of the crude oil pumped from the fields of West Siberia.

    Gazprom Neft estimates that the reserves of the light, low-sulphur and of low-viscosity Bazhenov formation stand at between 18 billion and 60 billion tonnes.
    Hole
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    Post  Hole on Mon Jun 17, 2019 3:33 pm

    Sure, a country that develops deep-diving subs and hypersonic missiles doesn´t have the "technology" to pump some toxic chemicals into the ground. Mad Rolling Eyes
    kvs
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    Post  kvs on Mon Jun 17, 2019 9:50 pm

    Reuters engaging in its usual anti-Russian Goebbelsian propaganda. Repeat enough times that "Russia does not have the technology"
    and you get this lie becoming a self-evident "truth".

    Russian researchers have been publishing world class articles on fracking for decades. Gazprom is already using fracking:

    https://www.gazprom-neft.com/press-center/news/1117675/

    miketheterrible
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    Post  miketheterrible on Mon Jun 17, 2019 9:56 pm

    kvs wrote:Reuters engaging in its usual anti-Russian Goebbelsian propaganda.   Repeat enough times that "Russia does not have the technology"
    and you get this lie becoming a self-evident "truth".

    Russian researchers have been publishing world class articles on fracking for decades.  Gazprom is already using fracking:

    https://www.gazprom-neft.com/press-center/news/1117675/


    The lack of money part is funny too since it is Gazprom and others that fund it, not Russian state (which has a boatload of money as is) with Gazprom having revenue over $100B dollars and Novatek having over $10B in revenue, etc etc.

    They fund the development.

    If you add Rosneft to it if they ever do joint ventures, between the two, they have about as much money as the country of Pakistan.

    And as pointed out by KVS, Russia started its own fracking tech a year after sanctions started. Using local technologies. So yeah, there is nothing special about it.

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