Gazprom’s CEO Alexey Miller moderated a meeting of the company’s Management Committee at Gazprom’s headquarters in Moscow. “The meeting was dedicated to the resource base development needed for the Eastern Gas Program and carried out, inter alia, as part of the Power of Siberia gas transmission syst
TAP has reached another significant milestone in the project development by completing the Front End Engineering Design (FEED) stage. This prepares the natural gas pipeline project for the next steps including detailed engineering, start of tendering for steel pipes and construction services. TAP’s
Kentz Corporation announced its results for the year ending 31 December 2012. Financial Highlights Revenue including revenue from JVs up 6% to US$1.56 billion (2011:US$1.47 billion); Including US$150.6m from JV operations (2011: US$101.5m) EBITDA up 22% to US$118.5m (2011: US$97.5m) Profit before ta
Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, CNPC President, signed in the presence of Vladimir Putin, President of the Russian Federation and Xi Jinping, President the People’s Republic of China, a Memorandum of Understanding on the cooperation between the two compan
The Tembek LNG carrier, with a capacity of 216,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on March 29, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billi
The Gazprom Management Committee took into consideration the information relevant to boosting the efficiency of associated petroleum gas (APG) utilization in Russia. It was noted that APG combustion was an acute problem of today’s oil and gas industry due to economic, ecological and social disadvant
Novatek of Russia and Total of France received environmental approval for the Yamal LNG project in the Arctic. The approval was granted from the State Expert Commission to build the LNG plant at the port of Sabetta on the Yamal Peninsula. The Yamal LNG project will develop the South Tambey field loc
BP announced that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP sharehold
The Gazprom Management Committee took note of the information regarding exchange trade in gas and the Electronic Trading Platform (ETP) development at Gazprom Mezhregiongaz. It was noted that successful launch of the exchange and electronic gas trade required taking of actions in several key areas.
Fluxys Belgium said that it has unloaded 46 LNG carriers at the Zeebrugge terminal in 2012, compared with 70 in 2011. Since all the capacity at the terminal is subscribed through long-term contracts, the number of unloadings has not affected the group’s financial results. High LNG prices in Asia dro
Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: BP receives net $12.48 billion in cash, including a TNK-BP dividend of $0.71 billion, and 18.5 per cent Rosneft shares; Rosneft becomes holder of BP’s 50 per ce
With rising fuel costs, environmental regulations and the continuing shortage of qualified seagoing engineers to operate marine steam turbines, diesel propulsion continues to gain ground as a sound economical alternative to traditional steam propulsion for liquefied natural gas (LNG) carriers. Alfa
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation paid a visit to Greece. A working meeting with Kostis Hatzidakis, Greek Minister for Development took place as part of the visit. The parties addressed the current status of the bilateral cooperation in the
On Wednesday in Prague Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Karel Komarek, Chairman of the MND Group Board of Directors inked an Agreement on a new underground gas storage (UGS) facility construction in Damborice, South Moravia. The UGS facility construction wi
