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Saudi Arabia looks to expand from oil to natural gas with huge LNG investment in Russia’s Arctic

16 hours ago DieselGasoil Comments Off on Saudi Arabia looks to expand from oil to natural gas with huge LNG investment in Russia’s Arctic
Russia’s biggest independent gas producer Novatek is considering selling up to 30 percent of its Arctic LNG (liquefied natural gas) 2 project to Saudi national oil giant Saudi Aramco. Shortly after selling a 10-percent stake in the project to France’s Total, Novatek said it is ready to consider a deal with Saudi Arabia as it Read More

CERAWeek 2019: LNG key factor in energy transition

4 days ago DieselGasoil Comments Off on CERAWeek 2019: LNG key factor in energy transition
By CRAIG FLEMING, TECHNICAL EDITOR, WORLD OIL on 3/14/2019 HOUSTON — On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies. The majority of the day’s sessions outlined how the transition will occur and to define Read More

Russia’s energy major Novatek sells 10% stake in Arctic LNG 2 to France’s Total

2 weeks ago DieselGasoil Comments Off on Russia’s energy major Novatek sells 10% stake in Arctic LNG 2 to France’s Total
French oil and gas company Total has reached a deal with Russia’s biggest independent gas producer Novatek to buy a 10-percent stake in its new liquefied natural gas (LNG) project in Russia’s Arctic. “The project’s vast conventional reserve base, advanced engineering and design work, and innovative LNG design, combined with our experience in implementing large-scale Read More

Russian LNG will be cheaper for Europe than US alternative – Novatek

3 weeks ago DieselGasoil Comments Off on Russian LNG will be cheaper for Europe than US alternative – Novatek
Europe will pay half as much for liquefied natural gas (LNG) from Russia than what US energy companies offer, according to independent Russian gas producer Novatek. Washington has been pushing its own LNG on the European market, while criticizing Russian projects, including the Nord Stream 2 gas pipeline, which is to be completed by the Read More

Siemens to team up with Russian firm to make equipment for Arctic LNG 2 project in St. Petersburg

4 weeks ago DieselGasoil Comments Off on Siemens to team up with Russian firm to make equipment for Arctic LNG 2 project in St. Petersburg
German engineering giant Siemens is planning to produce compressors for the Arctic LNG 2 project near St. Petersburg. It will be a joint venture with Russia’s state-run firm Power Machines. The compression machinery produced by Power Machines and Siemens will be supplied to the Arctic LNG 2 project developed by Russia’s biggest privately owned natural Read More

EU starts natural gas price war Trump and Putin will love

4 weeks ago DieselGasoil Comments Off on EU starts natural gas price war Trump and Putin will love
By Mathew Carr on 2/17/2019 Photo: Yamal LNG, Total. LONDON (Bloomberg) — The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the region. The battle won’t brutalize earnings too much because gas supply is just so Read More

Proposed U.S. sanctions could impact Russian gas exports

1 month ago DieselGasoil Comments Off on Proposed U.S. sanctions could impact Russian gas exports
By Dina Khrennikova on 2/15/2019 MOSCOW (Bloomberg) — New Russia sanctions proposed by members of the U.S. Congress could hinder the development of some natural gas export pipelines, but otherwise do little to harm the country’s largest energy companies.  A bill was introduced this week to punish the Kremlin over allegations it interfered in U.S. Read More

Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry

1 month ago DieselGasoil Comments Off on Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry
The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Earlier this week, US senators introduced a bill suggesting a wide range of sanctions Read More