The pressure in the Russian gas transportation system at the junction point with the Ukrainian gas transportation system has fallen significantly, energy holding Naftogaz Ukrainy said in a statement. “Naftogaz Ukrainy is concerned with Gazprom’s systematic violations of the transit contract conditions in provision of a minimal allowed pressure of gas at the entry point…
National Nuclear Generating Company Energoatom seeks to finance building of the centralized spent nuclear fuel storage facility via the issue of securities on the U.S. stock market with the help of Bank of America Merrill Lynch. Energoatom announced the start of negotiations with Bank of America Merrill Lynch regarding coordination of due diligence, drafting preliminary…
Some 74 billion cubic meters (bcm) of gas and 19 million tons of condensate have been extracted since the beginning of operation at the Azerbaijani Shah Deniz gas condensate field, Khoshbakht Yusifzade, first vice president of Azerbaijan’s state oil company (SOCAR), said. He added that the reserves of the Shah Deniz field were estimated at…
Georgia’s State Security Service said it had prevented an attempt of blowing up a part of a gas pipeline that supplied the Russian natural gas to Armenia. Five Georgian nationals were detained on August 20, for illegal purchase and storage of firearms, ammunition and explosives with the goal of carrying out a terrorist attack, the…
In H1 2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5.2 billion cubic meters of gas and 1.2 million tons of condensate in the same period of 2015, said BP report on the…
Belarus’ expenditures on natural gas imports from Russia dropped by 6.7% YoY in January-June to $1.257 billion, a source in the profile ministry reported. In H1 Belarus purchased 9.188 billion cubic meters of Russian gas, down by 2.8% YoY. Since early 2016 Belarus has repeatedly questioned whether the current price of Russian gas supplies is…
Profit of national joint-stock company Naftogaz Ukrainy in 2016 could reach 16-18 billion UAH, Naftogaz Head Andriy Kobolev has said. “In H1 2016 profit will be around 21 billion UAH, and we expect 16-18 billion UAH of profit at the end of the year”, he said. He said that annual profit would be less than…