Novatek, the largest private natural gas supplier in Russia, has said it will have sufficient gas reserves to add a $10bn LNG plant to its processing complex in northwest Siberia, and that it plans to build a series of transshipment complexes. The company began producing LNG at its Yamal plant …
Read More »Russia’s Yamal LNG Sends Early Shipment via Arctic Route
Russia’s biggest liquefied natural gas producer is sending the fuel across the Arctic to China more than a month earlier than usual as the ice that typically blocks the route thaws. The Christophe de Margerie, an ice-class vessel serving Novatek PJSC’s-led Yamal LNG project, departed from the production plant in …
Read More »Gazprom’s LNG Megaproject Doomed to Fail
The gas giant Gazprom is no longer in the spotlight after the US Treasury sanctioned Rosneft, the Russian national oil company, most probably triggering the collapse of the OPEC+ agreement and bringing about an unexpectedly low pricing environment for March 2020 within both the oil and gas segments. Having launched …
Read More »Yamal LNG Is on Its Way Back to Norway
The almost 200 meter long «Vladimir Vize» is one of 15 top ice-class carriers that over the last 2,5 years have shuttled to Sabetta to pick up liquified natural gas from the Novatek’s major Arctic plant. On that same day, tanker «Yamal Spirit» set out from Rotterdam. Also this ship …
Read More »Russia Introduces Tax Relief for New Arctic LNG Projects
Russia introduced fresh tax relief on Wednesday for new liquefied natural gas (LNG) projects in the Arctic, focused on those intended to come on stream from 2022, the text of a law signed by President Vladimir Putin showed. The zero-rate extraction tax on natural gas will primarily benefit independent gas …
Read More »Russia to Keep Oil Flowing by Extending Arctic Shifts
Russian oil and gas workers in the Arctic Yamal peninsula could see their shifts extended by months to shield the energy industry and its employees from the spread of coronavirus. The region’s governor recommended in an order published on Tuesday that the shifts of those currently working in the region …
Read More »Global Oversupply Sets Up LNG for a Year of Record Low Prices
Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.
Read More »China Looks to Promote Its Arctic Role
Novatek has now requested exemption from having to contract with a domestic shipyard.
Read More »Novatek will Launch Fourth Train of Yamal LNG Plant in First Half of 2020
In 2023 the Novatek CEO also plans to launch the first train of Arctic LNG 2.
Read More »Russia Abandons Plans to Catch up to US’s LNG Production
The Russian Energy Minister expects the EU to remain the primary buyer. with an estimated 325 bcm going towards Europe.
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