Novatek’s natural gas production amounted to 33.8 billion cubic meters in the first half of 2016 and grew by 2.2% YoY, the Russian gas producer said. Production of liquid hydrocarbons (gas condensate and oil) surged by 51% to 6.3 million tons. Deethanized gas condensate processing surged by 17% YoY, to 6.3 million tons. Stable gas…
Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, Chief Executive Officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…
National joint-stock company Naftogaz Ukrainy continues negotiations with Russia’s OJSC Gazprom on the possibility of buying gas in the third quarter of 2016, but the supplementary gas contract to the 2009 contracts that will allow Naftogaz Ukrainy to resume purchases of Russian gas, has not yet been signed, Naftogaz Board Chairman Andriy Kobolev said. He…
Ukraine’s program to stop importing gas envisages the increase in electricity generation, thanks to completion of two reactors of Khmelnitsky nuclear power plant (NPP) and construction of hydroelectric power plants (HPP), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk said. “Agreements to complete two reactors of Khmelnitsky NPP have been reached. In addition, last week…
Tesla Zet company introduces the next generation LEDs with the luminous efficiency of 160 lm/W. It is the most energy-saving form of LEDs for both commercial and domestic use. The competitive advantage of these LEDs is the best in price/quality ratio in the world. LEDs reliability and energy efficiency from the Ukrainian manufacturer Tesla Zet…
Azerbaijani state oil company SOCAR has completed construction of a new tank farm on the company’s Black Sea oil terminal in Kulevi (Georgia), said the terminal’s message posted on its website. The project envisages construction of six tanks with a total capacity of 60 thousand cubic meters and a two-line railway overpass for simultaneous unloading…
Russia’s independent oil and gas producers want to be granted access to pipeline mains, including to the Power of Siberia natural gas pipeline, Ivan Menshikov, the director general of Rosneftegaz (RNG) oil and gas company, said. “First of all, we need support from the state, construction of transport infrastructure, tax privileges we enjoy in Eastern…