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    Russian Oil and Gas Industry: News #2

    PapaDragon
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    Post  PapaDragon on Sat Nov 23, 2019 5:05 am

    there is concern that without a new contract from January 1, 2020, Russian gas transit to Europe via Ukraine could be disrupted.

    That's indeed unfortunate but I am sure that Russia will patiently wait for EU to sort out all the issues and that they will resume deliveries the moment everything is cleared out

    Rodion_Romanovic
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    Post  Rodion_Romanovic on Sat Nov 23, 2019 9:09 am

    PapaDragon wrote:
    there is concern that without a new contract from January 1, 2020, Russian gas transit to Europe via Ukraine could be disrupted.

    That's indeed unfortunate but I am sure that Russia will patiently wait for EU to sort out all the issues and that they will resume deliveries the moment everything is cleared out


    In the meanwhile they can also provide a part of the gas via LNG (still cheaper than American LNG).
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    Post  GarryB on Sun Nov 24, 2019 3:02 am

    They can't blame Russia... even though they will... Russia has spend time and money building bypass pipelines to take up the slack in just this sort of situation where it comes time to negotiate with idiots with too much control... well they will want a 25 year contract and they will want to sign it now while they have the running capacity to supply Europe with little functioning alternatives.

    Russia of course would rather have a one year contract and then negotiate in a years time with South Stream and Nord Stream in operation so that the Ukraine can't make stupid unreasonable demands.

    Understandable from both sides really, but what the Ukrainians don't realise is that this greed and pig headedness is what created South Stream and Nord Stream in the first place... they really only have themselves to blame... what sort of generosity should they reasonably be expecting from a neighbour they have been throwing shit at for the good part of 3 decades.
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    owais.usmani

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    Post  owais.usmani on Tue Nov 26, 2019 9:26 am

    https://oilprice.com/Energy/Energy-General/Russian-Arctic-Pipeline-Accident-Shrouded-In-Mystery.html

    Russian Arctic Pipeline Accident Shrouded In Mystery




    Russia’s gas giant Gazprom is rushing to hire an engineering contractor to have an underwater natural gas pipeline, which has broken off the seabed in the Arctic, fixed, Russian news agency Interfax reports.

    This is the second time a pipeline on the route that crosses the Baydaratskaya Bay has come to the surface in the past two years. As Interfax notes, last year another pipeline had broken off the seabed.

    It was not clear if the resurfacing of the pipelines has created major safety hazards or affected gas supply from the fields in the Yamal Peninsula, according to The Barents Observer.  

    A unit of Gazprom has announced a competitive tender for engineering surveys for the Bovanenkovo – Ukhta 2 line, which transports natural gas from the Bovanenkovskoye field on the Yamal Peninsula via the Baydaratskaya Bay in the Kara Sea to mainland Russia and onto Europe.  

    Bovanenkovskoye is currently the largest natural gas producing field on the Yamal Peninsula, according to Gazprom.

    The construction of the Bovanenkovo – Ukhta 2 gas pipeline began in 2012 and the pipeline was brought on line in 2017.

    Now with a second line resurfacing, Gazprom has launched a tender for repair works on 9.2 kilometers (5.7 miles) of the pipeline in the bay, Interfax reports, citing tender documents from the Gazprom unit.

    Gazprom expects the work to help it have the pipeline placed in a trench of up to 5 meters (16.4 feet) below the seabed. The engineering surveys are planned to take place in 2020 and 2021, according to Interfax.

    Gazprom is dominating gas supplies to many European markets, and now it also vies to meet rising Chinese natural gas demand. Russia wants a share of the huge Chinese market and the Russian gas giant looks to supply pipeline gas to China—and this will begin in weeks.

    Can it be Sabotage by NATO submarines?
    PhSt
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    Post  PhSt on Tue Nov 26, 2019 1:09 pm

    owais.usmani wrote:

    Can it be Sabotage by NATO submarines?


    Who else would do it? Russia needs to make a big issue out of this situation, make an open declaration that any Nato attempts to sabotage its energy pipelines will be considered a declaration of war and Russia will have the right to severe Nato energy routes as well as undersea communication lines.
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    Post  owais.usmani on Tue Nov 26, 2019 3:23 pm

    PhSt wrote:
    owais.usmani wrote:

    Can it be Sabotage by NATO submarines?


    Who else would do it? Russia needs to make a big issue out of this situation, make an open declaration that any Nato attempts to sabotage its energy pipelines will be considered a declaration of war and Russia will have the right to severe Nato energy routes as well as undersea communication lines.

    In that case my question is how come NATO subs are able to sail in the Kara sea and right into the Baydaratskaya Bay without being undetected and unchallenged?
    GarryB
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    Post  GarryB on Wed Nov 27, 2019 2:23 am

    They need to set up a security system to monitor the pipelines so they can determine what has happened... also they should be able to determine when pipes are punctured or damaged... just on pressure and supply rates, so looking at marine radar and other information could prove a link... perhaps a ship sailing through dragging its anchor on purpose perhaps... how many boats owned by George Soros sail through there?
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    owais.usmani

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    Post  owais.usmani on Thu Nov 28, 2019 4:46 pm

    https://thebarentsobserver.com/en/industry-and-energy/2019/11/lng-prices-hit-historical-low-russian-government-decides-it-will-not

    As LNG prices hit historical low, Russian government decides it will not fund new Arctic projects

    miketheterrible
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    Post  miketheterrible on Thu Nov 28, 2019 4:55 pm

    Need other source. Cause after reading that, it's a load of shit.  It says won't but uses terms of probably in the article.  The Ministry of finance falls under Putin. If he says jump, they ask how high.  It may not be in budget because it may be funded by other measures (the national welfare fund) which isn't part of budget.

    Read before posting. They use kommersant as their source, which is a yellow journalist paper.
    kvs
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    Post  kvs on Thu Nov 28, 2019 8:04 pm

    owais.usmani wrote:https://thebarentsobserver.com/en/industry-and-energy/2019/11/lng-prices-hit-historical-low-russian-government-decides-it-will-not

    As LNG prices hit historical low, Russian government decides it will not fund new Arctic projects


    Imbecilic drivel. Arctic projects are enormous and require years of lead time and investment. Claiming that they pivot on short lived
    market fluctuations is beyond retarded and/or malicious.

    It is clear that Arctic energy is a strategic priority for Russia. It is the yanqui crooks who are trying to hoodwink EU-tards
    by dumping LNG at way below its price that are driving this "all time market low". In the real world such tricks don't last. Russia
    has been and will continue to invest in Arctic gas (and oil) infrastructure and may reduce LNG shipments in the short term to not
    expose itself ot yanqui financial terrorism. But when the yanquis will inevitably jack up the price, Russia will be there to undercut
    them and make them bleed.

    Hole
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    Post  Hole on Thu Nov 28, 2019 9:21 pm

    When the first project stage of the Yamal LNG plant was going online Pres. Putin said that project 2 is under way and the next two stages are already finalised and financed.

    The claims in this article is like halting the construction of a high rised building after ten storeys because the rent has gone down.
    Viktor
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    Post  Viktor on Thu Nov 28, 2019 10:07 pm

    These days just about anybody can write what they want. I see no sense in replying to a every tug capable of writing an article much less to a lies of their worthless lives.

    Spending time discussing Russian thoughts about Russia makes more sense than discussing ignorance of western thought (driven by nasty desire) about Russia.

    Germans appealed EU decision to restrict Gazprom’s access to Opal
    kvs
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    Post  kvs on Fri Nov 29, 2019 12:22 am

    Viktor wrote:These days just about anybody can write what they want. I see no sense in replying to a every tug capable of writing an article much less to a lies of their worthless lives.

    Spending time discussing Russian thoughts about Russia makes more sense than discussing ignorance of western thought (driven by nasty desire) about Russia.

    Germans appealed EU decision to restrict Gazprom’s access to Opal

    You are right, but people post this crap on a routine business. May as well enjoy ripping into it.

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    Post  owais.usmani on Mon Dec 02, 2019 10:14 am

    "Power of Siberia" opening today:

    https://www.japantimes.co.jp/news/2019/12/02/business/power-of-siberia-pipeline-russia-gas/#.XeTHSegzbDc

    MOSCOW – President Vladimir Putin and Chinese leader Xi Jinping on Monday are to launch a gas pipeline that is the first of three ambitious projects intended to cement Moscow’s role as top gas exporter.
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    owais.usmani

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    Post  owais.usmani on Mon Dec 02, 2019 1:23 pm

    owais.usmani wrote:"Power of Siberia" opening today:



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    owais.usmani

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    Post  owais.usmani on Mon Dec 02, 2019 7:39 pm

    https://www.hydrocarbons-technology.com/news/yamal-lng-delivers-first-gas-bangladesh/

    Russia’s Yamal LNG delivers first natural gas to Bangladesh

    PapaDragon
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    Post  PapaDragon on Mon Dec 02, 2019 11:53 pm


    Arctic LNG carrier «Yakov Gakkel» arrives in Sabetta, marks completion of Novatek’s Yamal fleet

    https://thebarentsobserver.com/en/industry-and-energy/2019/12/yamal-lng-carrier-yakov-gakkel-arrives-sabetta-marks-completion-novateks

    A total of 15 top ice-class carriers are now shuttling to the remote Arctic terminal in the Yamal Peninsula.

    The «Yakov Gakkel» in late November sailed into the Kara Sea with course for the Sabetta LNG terminal in Yamal. About two weeks earlier the ship had left the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea.

    On 2nd December the ship was drifting in the waters of the Ob Bay, awaiting its first entry to Sabetta, information from the Northern Sea Route Administration shows.

    With the entry into service of the «Yakov Gakkel», the building of the Yamal LNG tanker fleet comes to completion. A total of 15 carriers are now shuttling to the remote Arctic terminal.

    Like its 14 sister ships, the 299 meter long, 97,000 tons deadweight vessel can carry up to 172,600 cubic meters of liquified natural gas. It has ice class Arc7 which means that it can autonomously break through about two meter thick ice.

    The ships are designed by Aker Arctic, the Finnish company. The «Yakok Gakkel» is owned and operated by Teekay.

    The sailing of the carrier to Sabetta comes as Novatek reaches a new high in its Yamal production. According to the company, the remote Yamal natural gas plant in the course of the first 11 months of the year produced a total of 16,5 million tons.

    The four trains of Novatek’s Yamal LNG plant are running at full steam and production is ahead of schedule.

    Since Novatek opened the plant in December 2017, a total of 25 million tons of LNG has been produced. More than 340 shiploads have been sent to markets abroad, news agency PortNews reports with reference to company information.

    The four production trains, the first three with an annual capacity of 5,5 million tons respectively. In addition comes a fourth train with 900,000 tons capacity.


    Here is a list of all 15 ships and companies that lease them:

    Christophe de Margerie, Sovcomflot

    Boris Vilkitsky, Dynagas

    Fedor Litke, Dynagas

    Eduard Toll, Teekay

    Vladimir Rusanov, MOL

    Vladimir Vize, COSCO Shipping and MOL

    Rudolf Samoylovich, Teekay

    Nikolay Yevgenov, Teekay

    Georgiy Brusilov, Dynagas

    Boris Davydov, Dynagas

    Nikolay Zubov, Dynagas

    Vladimir Voroni, Teekay

    Nikolay Urvantsev, MOL

    Georgiy Ushakov, Teekay

    Yakov Gakkel, Teekay



    GarryB
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    Post  GarryB on Tue Dec 03, 2019 8:35 am

    As LNG prices hit historical low, Russian government decides it will not fund new Arctic projects

    The ridiculous thing about such a headline is the published decision not to fund new arctic projects on its own would likely push LNG prices up.... and if it did would they then change their decision?
    Viktor
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    Post  Viktor on Tue Dec 03, 2019 10:22 pm

    Russia making oil and gas agreements left and right  Very Happy

    Ukraine, Russia sign 10-year oil transit agreement

    also

    In 2016, Gazprom adopted a decommissioning program for the gas transportation infrastructure that delivers gas to the Ukrainian border. By 2020, 4,300 km of pipes and 62 compressor stations will be eliminated in this corridor, and 10,700 km by 2030. Opportunities for pumping gas from Russia through Ukrainian territory will disappear wrote:

    link

    also

    EUGAL project in Germany is about to be finished to take over from where North Stream 2 will stop

    link
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    owais.usmani

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    Post  owais.usmani on Wed Dec 04, 2019 10:36 am

    owais.usmani wrote:"Power of Siberia" opening today:

    https://www.japantimes.co.jp/news/2019/12/02/business/power-of-siberia-pipeline-russia-gas/#.XeTHSegzbDc

    MOSCOW – President Vladimir Putin and Chinese leader Xi Jinping on Monday are to launch a gas pipeline that is the first of three ambitious projects intended to cement Moscow’s role as top gas exporter.

    For the lulz only, CNN having nightmares! Very Happy

    https://edition.cnn.com/2019/12/03/opinions/russia-china-pipeline-trump-andelman/index.html
    kvs
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    Post  kvs on Wed Dec 04, 2019 6:41 pm

    owais.usmani wrote:
    owais.usmani wrote:"Power of Siberia" opening today:

    https://www.japantimes.co.jp/news/2019/12/02/business/power-of-siberia-pipeline-russia-gas/#.XeTHSegzbDc

    MOSCOW – President Vladimir Putin and Chinese leader Xi Jinping on Monday are to launch a gas pipeline that is the first of three ambitious projects intended to cement Moscow’s role as top gas exporter.

    For the lulz only, CNN having nightmares! Very Happy

    https://edition.cnn.com/2019/12/03/opinions/russia-china-pipeline-trump-andelman/index.html

    More evidence that it is the west that is the source of the world's problems. Russia selling gas to EU: bad. Russia selling gas to China: bad. Nobody ever gave NATO the authority
    to tell Russia who to sell gas to. And Russia is not forcing the precious EU to buy its gas. Instead we have hate propaganda organized from the USA to paint Russian gas
    pipelines like chains of control. Well, there are plenty of LNG ports in the EU. How come thy are not operated to the max and many more being built. Could have something
    to do with the fact that LNG costs money to make from NG and this makes it non-competitive with piped gas. The cost is substantial since to produce LNG it takes 30% of
    the energy in a unit of mass of NG. No country has cheap nuclear power plants to produce LNG, they burn the NG to drive the liquefaction.

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    Post  Austin on Mon Dec 09, 2019 7:34 am

    Russian Energy Ministry forecasts oil production in 2019 at 556-560 mln tonnes

    https://tass.com/economy/1096339


    Oil reserves
    Preliminary field inventory data indicates that oil reserves in Russia stand at 28.9 billion tonnes, with only 10.3 billion tonnes of those being profitable.

    "According to statements by the Federal Service for Supervision of Natural Resources, there are around 2,700 oil deposits with total reserves of 28.9 billion tonnes," Novak said.

    He added that only 60% of analyzed deposits are considered profitable. "The state oil reserves commission's assessment is based on approaches similar to international standards for auditing deposits of natural resources, where average oil prices at $69 per barrel and exchange rate of 63 rubles per 1 US dollar are used from the previous year of 2018. As a result, only around 60% of reserves are considered profitable," he explained.
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    Post  Austin on Mon Dec 09, 2019 7:38 am

    Looking at the reserves and if you leave the profitable reserves aside which is more of a function of current oil price than more than any thing else then a reserve base of 28.9 ~ 29 billion tons of oil translates to 211 bbl of Oil ......Pretty big second only to Saudi Arabia !

    Pretty sure this does not include the Arctic reserves and Shale Oil
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    Post  owais.usmani on Mon Dec 09, 2019 8:06 am

    Austin wrote:

    Pretty sure this does not include the Arctic reserves and Shale Oil

    And if we include these 2 as well then what's the reserve estimate?
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    Post  Austin on Mon Dec 09, 2019 10:02 am

    owais.usmani wrote:
    Austin wrote:

    Pretty sure this does not include the Arctic reserves and Shale Oil

    And if we include these 2 as well then what's the reserve estimate?

    Looking at official quotes posted on this thread

    Arctic Reserves conservatively according to Rosneft Chief is 10 billion Tons http://www.russiadefence.net/t7972p25-russian-oil-and-gas-industry-news-2#268495

    “The resources of the Russian Arctic (considering only from the above-ground part) are estimated at up to 10 billion tons of oil equivalent. We are embarking on their development,” Sechin said on Thursday at the St. Petersburg International Economic Forum (SPIEF).

    http://www.russiadefence.net/t7972p25-russian-oil-and-gas-industry-news-2#268495

    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.

    If we take the official estimate and at the lower value then Arctic 10 plus Bazhenov Shale Oil at 18 billion comes comes to 28 billion tons around around 200 billion barrel of Oil

    So total oil reserves including Conventional , Arctic and Shale should be around 56 billion tons of oil or around 400 billion barrel that is a conservative estimate for now.

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