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    Russian Oil and Gas Industry: News #2

    kvs
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    Post  kvs on Sat Jan 11, 2020 10:38 pm

    JohninMK wrote:No hurry now Ukraine deal is done.

    Reuters
    ‏Verified account @Reuters
    37m37 minutes ago

    Putin: Nord Stream 2 pipeline will be finished by year-end or Q1 2021 https://reut.rs/2QKAvEw

    EU officials with functional brains should be a bit worried.   Things can go south real quick.   So it is in their
    interests to have Nord Stream II finished ASAP.   This probably dawned on Denmark in the last few months.
    Too many deciders are coasting in neutral thinking BAU will go on forever.   Once they get their asses off
    the couch, they begin to see the cold, hard reality of the energy shortage tsunami heading the world's
    way.
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    Post  GarryB on Sun Jan 12, 2020 3:47 am

    hard reality of the energy shortage tsunami heading the world's
    way.

    Not for Russia, they have natural gas and nuclear and oil to choose from.
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    Post  kvs on Sun Jan 12, 2020 7:29 am

    GarryB wrote:
    hard reality of the energy shortage tsunami heading the world's
    way.

    Not for Russia, they have natural gas and nuclear and oil to choose from.

    Russia is not the world and depends on the world economy even with the current wave of import substitution. Russia will not benefit
    from those resources if it has to fight off zombie hordes from a disintegrating global economy.
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    Post  GarryB on Sun Jan 12, 2020 11:09 am

    They just need to make sure they have plenty of ammo and lots of armed drones to guard their borders...

    When you produce a food surplus then there is the possibility of trade, but that assumes the other side has something to trade... US dollars will be worthless, and if hedge fund managers try to trade stocks for food... well no deal.... Twisted Evil
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    Post  Hole on Sun Jan 12, 2020 12:34 pm

    The completion of NordStream II is more a test for the EU then for Russia. EU (mainly german) companies own 49% of the pipeline. It is in their interest that the pipeline is finished. After the chinese and turkish pipelines are ready and with more LNG plants coming online (+ existing pipelines to Europe) Russia doesn´t need to sell the amount of gas that will go trough NS II.
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    Post  GarryB on Mon Jan 13, 2020 5:34 am

    It will be more of a problem for the EU than it would be for Russia... the pipelines are quick and easy and convenient, but there is big and growing demand for their gas... Russia could probably get more pumping gas to Asia and I suspect they are realising that themselves... certainly less political problems involved.
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    Post  miketheterrible on Mon Jan 13, 2020 3:34 pm

    Arctic LNG plant is partially done so once its fully complete then it will be a huge boost for Russians LNG which is already dominant in EU as is.
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    Post  GarryB on Tue Jan 14, 2020 12:55 am

    Well ironically smaller countries are a much better market... lets say a single LNG ship carries 10 million cubic metres of gas in liquid form when you are selling that to the EU they buy in bulk so they will take everything the ship can carry plus several more ships too, but the rate they will be paying for the gas will be heavily discounted because they buy in bulk so for the Russians using lots of ships increases the delivery costs but they are selling the stuff at a cheaper rate than they could get from another smaller country or group of countries.

    The key would be to find a market with a lot of customers relatively close together like in Africa or Asia or South America where you can sail over with one or two ships and deliver gas to three or four countries and sail back to Russia with empty ships. Because they are not buying as much each and because they are so far from where the gas is coming from they will be used to paying more for their gas so Russia makes more per litre of gas than they would with selling to the EU.

    Any time spent in retail teaches you middle income and rich people don't pay retail price... buy expensive stuff and get lots of discount and also free stuff thrown in to get you to buy for the rich people and middle income people usually buy in bulk to get savings that way. It is the poor that tends to pay full price because generally they can't afford to wait for specials and can't afford to buy in bulk when things are on special...

    Besides, Russian gas sales to far away countries could open countries up to dealing with Russian companies and leading to a boost in trade in other areas... maybe add cargo spaces to their gas tankers so other goods can be brought back... even in part trade for the gas they just delivered.

    They could even use it for marketing.... trade with us and get cheaper gas/energy...
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    Post  owais.usmani on Tue Jan 14, 2020 7:49 am

    https://oilprice.com/Energy/Natural-Gas/Why-US-LNG-Cant-Win-In-Europe.html

    Why U.S. LNG Can’t Win In Europe

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    Post  owais.usmani on Thu Jan 16, 2020 11:57 am

    https://oilprice.com/Energy/Natural-Gas/The-Superpower-Energy-Project-To-Watch-In-2020.html

    The Superpower Energy Project To Watch In 2020


    The year has started well for Russia when it comes to energy. Two large energy projects have been finished, Turk Stream and Power of Siberia, and the third, Nord Stream 2, has passed the point of no return - with U.S. sanctions now unable to obstruct its completion. Moscow's ambitions, however, are loftier still. China and Russia have voiced plans for ever-closer political and economic cooperation. Energy is one of the most important areas of collaboration between these two superpowers due to the complementary nature of their economies. China requires ever-larger volumes of energy to power its expansion and Russia needs money to modernize and sustain a reasonable standard of living for its population.

    For nearly two decades Russia has been trying to convince China to buy natural gas from its natural gas fields in Western Siberia. Moscow has both political and financial reasons to convince Beijing of this. The Russians have been looking for alternatives to lessen their dependence on Europe as the vast majority of the natural gas is exported towards the west. Supplying China with energy from the same natural gas fields would strengthen the country’s bargaining position vis-à-vis Europe as it would increase the available options in case demand decreases from either one. From a financial point of view the Altai pipeline is relatively cheap as much of the infrastructure is already present.

    Negotiations on the pipeline have been slow due to Chinese foot-dragging. Northwestern China is already an important production area for oil and gas. Therefore, the regional market is already saturated. This means that Chinese companies would have to invest heavily in additional infrastructure to carry the gas to the densely populated areas in the east. Also, the country is already well-connected to Turkmenistan’s gas fields through Central Asia with a 55 bcm capacity pipeline.

    Putin, however, recently made a bold move to kickstart the project and save face by reviving the second option through Mongolia. On December 5, Moscow and Ulaanbataar signed a memorandum of understanding for a feasibility study for a pipeline from Russia through Mongolia to China. The study is significant because it has the support of the leadership of the three involved countries. The results should be out within six months.

    The relatively high costs of the project compared with the western alternative don't make it the preferred option from a Russian point of view. According to Interfax Putin said, "I know the route there [through Mongolia] isn't easy, but a preliminary consideration of this matter showed that it's realistic, and our Chinese partners tend to agree."

    Moscow’s changing strategy seems to be motivated by recent developments and a new window of opportunity. The recent turmoil in Xinjiang could have convinced the leadership in Russia that another pipeline through the region won’t be approved due to security risks in the area. Another reason could be Moscow’s conviction that it is the right moment to push for Siberian gas to replace Central Asian energy as Beijing and Turkmenistan have been discussing a fourth line of the Central Asia-China pipeline. Although the infrastructure's deadline has been pushed back from 2016 to 2022, it remains likely that it will be completed eventually. Therefore, Moscow is pushing for its pipeline to be completed earlier to increase market share.

    Besides a lower risk of supply disruptions, the Mongolian route has another advantage. The geography of the region makes it ideal for the construction of major pipelines. Moscow and Beijing have already shown that they are capable of finishing massive projects on time when the political will is there. Fueled by Western hostility, the political and economic cooperation of the Asian giants will strengthen even further in the future. Energy is a straightforward and necessary option for Beijing and Moscow to integrate their economies. If the project is to get a green light, it will most likely happen this year as the circumstances are ideal.
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    Post  kvs on Sun Jan 19, 2020 3:36 pm



    The price hoaxing of US LNG to Europe has been exposed! Ukraine recently got some LNG via Poland and had to pay
    660 US dollars per thousand cubic meters. Gazprom supplies the EU at prices under 300 US dollars per tcm.

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    Post  Hole on Sun Jan 19, 2020 4:39 pm

    It´s so expensive because it´s FREEDOM GAS. Laughing
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    Post  JohninMK on Sun Jan 19, 2020 5:02 pm

    Hole wrote:It´s so expensive because it´s FREEDOM GAS. Laughing
    All the 'commissions' need to be paid. Laughing
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    Post  kvs on Sun Jan 19, 2020 7:15 pm

    JohninMK wrote:
    Hole wrote:It´s so expensive because it´s FREEDOM GAS. Laughing
    All the 'commissions' need to be paid. Laughing

    Poland really screwed over the suckers in Kiev. What a load of losers.
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    Post  Hole on Sun Jan 19, 2020 8:17 pm

    Well, if you have to use 90% of your brain power to pretend that you are not russian and never had anything to do with Russia/Russians then there is not much left to think about other stuff.
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    Post  owais.usmani on Thu Jan 23, 2020 11:52 am

    https://oilprice.com/Latest-Energy-News/World-News/OPEC-Deal-Helps-Russia-Double-Wealth-Fund-Assets-To-124B.html

    OPEC+ Deal Helps Russia Double Wealth Fund Assets To $124B



    The OPEC+ deal has resulted in economic benefits for Russia which has seen its National Wealth Fund (NWF) double its financial reserves to US$124 billion in 2019, Kirill Dmitriev, chief executive at the Russian Direct Investment Fund (RDIF), told the TASS news agency on Wednesday.

    Russia’s National Wealth Fund is a part of federal budget assets, primarily supporting the country’s pension system.

    Russia has been leading the group of non-OPEC producers that joined forces with OPEC at the beginning of January 2017 to reduce their combined oil production in the hope of draining down the oil oversupply and raising oil prices.  

    Russia’s budget has benefited from the higher oil prices over the last couple of years since the so-called OPEC+ production cuts entered into force, top Russian officials have said.  

    The NWF saw its reserves double from US$65 billion (4.04 trillion Russian rubles) to US$124.4 billion (7.7 trillion rubles) last year, Dmitriev told TASS today.  

    The Russian budget—excluding the NWF—received an additional US$113 billion (7 trillion rubles) during the years in which the deal has been in force, he added.

    “This largely indicates that the NWF resources through the fiscal rule have come exactly from the OPEC+ deal, increasing our reserves twofold,” Dmitriev said.

    The investments the NWF plans for various projects of national importance “are mainly the investment of extra money Russia has earned on account of the OPEC+ deal,” Dmitriev told TASS.

    Crude oil and condensate production in Russia hit a record high for the post-Soviet era in 2019, despite Moscow’s key role in supporting the ongoing OPEC+ production cuts. The new record oil production shows that one of the key parties to the OPEC+ deal, and certainly the key party in the non-OPEC camp of producers in the agreement, did not comply with its share of the cuts for most of 2019.

    Removing condensate from the level of compliance—a concession Russia won at the December OPEC+ meeting—would make Russia’s compliance record look more acceptable to OPEC’s leader and key partner in the deal, Saudi Arabia, which is pushing for all rogue producers in the pact to fall in line with their quotas.
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    Post  owais.usmani on Fri Jan 24, 2020 7:44 am

    https://thebarentsobserver.com/en/industry-and-energy/2020/01/troublesome-start-first-arctic-lng-plant-made-russia

    Troublesome start for first Arctic LNG plant manufactured by Russia




    The Russian natural gas company has amazed world experts with its huge plants and infrastructure built in the remote Yamal Peninsula at record speed. The first train opened in December 2017 and the second launched in July 2018 were both ahead of schedule, the latter as much as six months.

    The third train was officially launched in December 2018 and came as much as a year ahead of original plans.

    By early 2019, the Yamal LNG had reached a production capacity of 16,5 million tons. Few months later, the company had completed its fleet of 15 new icebreaking carriers that could bring the liquified gas from the Sabetta terminal to the international markets.

    However, there appears to have been more troubles with the 4th and last train of the Arctic project. According to newspaper Kommersant, the production facility is behind schedule and will not be ready before March, at earliest.

    The plant was originally scheduled to open in December 2019.

    The company is now losing about 900 million rubles (€13.1 million) monthly in lost revenue, the newspaper reports.

    The reason for the delay is reported to be technical problems with the pipelines that are not designed for the extreme low temperatures in the area.

    While the first three LNG plants in the project are designed and delivered by foreign companies, the fourth train is based on Russian designs and technology. It is Russian company NIPIGAZ that was behind the ill planning of the pipelines, Kommersant reports.

    The 4th train of the Yamal LNG is believed to have a production capacity of about one million tons per year.

    The building of the plant runs parallel to the company’s development of the Arctic LNG 2, the second major natural gas project developed by Novatek in the area. The project is built on the eastern side of the Ob Bay, in the Gydan Peninsula, and will start production year 2022.
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    Post  Big_Gazza on Fri Jan 24, 2020 1:06 pm

    Are we really supposed to believe that Russians don't know about the correct metallurgy for pipelines in sub-zero environments?...   Suspect

    Calling BS on this.  Whatever their problems with the 4th train, it's likely not related to pipeline metallurgy.
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    Post  GarryB on Fri Jan 24, 2020 5:33 pm

    Hahahaha... thebarentsobserver.com.... based in Norway...

    The Barents Observer follows the Code of Ethics of the Norwegian Press and the document Right and Duties of the Editor. We report under full editorial independence and have no external interference.

    Freedom to write - freedom to publish.

    Donate to our independent journalism. That’s how we get better.

    Ie we are free and independent journalists that have integrity and ethics and wont publish fake news...

    Yeah, right...
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    Post  miketheterrible on Fri Jan 24, 2020 7:41 pm

    Big_Gazza wrote:Are we really supposed to believe that Russians don't know about the correct metallurgy for pipelines in sub-zero environments?...   Suspect

    Calling BS on this.  Whatever their problems with the 4th train, it's likely not related to pipeline metallurgy.

    Exactly, seeing as how majority of the metallurgy is in arctic region of Russia.

    Kommersant has been wrong on nearly everything since it's owned by a westerner now.
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    Post  magnumcromagnon on Fri Jan 24, 2020 8:38 pm

    miketheterrible wrote:
    Big_Gazza wrote:Are we really supposed to believe that Russians don't know about the correct metallurgy for pipelines in sub-zero environments?...   Suspect

    Calling BS on this.  Whatever their problems with the 4th train, it's likely not related to pipeline metallurgy.

    Exactly, seeing as how majority of the metallurgy is in arctic region of Russia.

    Kommersant has been wrong on nearly everything since it's owned by a westerner now.

    Kommersant and the Moscow Times articles should equate to an instant ignore, however Ivestia has actually gotten over the past few years (it was terrible 5 years ago).
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    Post  PapaDragon on Fri Jan 24, 2020 9:30 pm


    Barents Observer is usable source when they report on local stuff themselves

    But when they quote Komersant of all things it's obviously instant failure
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    Post  kvs on Sat Jan 25, 2020 1:02 am

    The alleged losses are essentially hypothetical. If the delivery was on schedule then X dollars would be made. And now these
    X dollars are not being made. Big f*cking whoop. Real losses are not happening.

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    Post  GarryB on Sat Jan 25, 2020 3:56 am

    If the price rises by the time they can ship the product then the loses become gains because you sell the same gas for more money...
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    Post  Big_Gazza on Sat Jan 25, 2020 11:52 am

    kvs wrote:The alleged losses are essentially hypothetical.   If the delivery was on schedule then X dollars would be made.  And now these
    X dollars are not being made.  Big f*cking whoop.   Real losses are not happening.
    Yup, but then these fuktards would not have a story... so inconvenient facts are ignored and (faked) narratives asserted.

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