Tag Archives: Gazprom

Russian Energy Minister Alexander Novak had already said that Gazprom company intend to produce natural gas in Iran and then by constructing a pipe line for 1200 kilometers transfer the gas to India.

Iran has modified its petroleum contract model. ending a decades old buy-back system that barred foreign firms from booking reserves or taking equity stakes.

Five European energy firms are financing the 1.225 km (760 mile) pipeline to carry 55 billion cubic metres of gas per year.

Ukrtransgaz runs not only Ukraine’s network of pipelines. but also spacious gas storage facilities.

Iran and Russia signed several agreements to promote cooperation over energy issues during President Putin’s visit.

The Turkish Stream project envisages building a gas pipeline along the seabed of the Black Sea to the European part of Turkey and farther on to the border with Greece.

According to Interfax'.s calculations. based on Gazprom’s data. the amount of the loss was $157.8 million.

The massive size of the agreements is a very important data point for western oil and gas firms. which have been jockeying for a position in Iran’s high-potential petroleum sector.

Oil giant Rosneft has also planned to venture into LNG. and signed in May 2014 a preliminary deal with ExxonMobil to cooperate on the Far East LNG project.

The project. which has a minimum life expectancy of 50 years. has already had one of its EIA reports while other studies on its environmental and safety impacts still continue.