The government delegation of Laos offered participation in implementation of Laos-Vietnam pipeline construction project and development of a refinery in Laos, representative of the Russian Ministry of Energy said. “We are aware of Laos’ interest in participation of Russian companies in development of refining facilities in the country. The Laos government delegation held talks with…
Natural gas stocks at Ukraine’s underground storage facilities after the completion of the 2015/2016 heating season have increased by 16.7%, or 1.4 billion cubic meters (bcm). While on April 6, 8.43 billion cubic meters of gas were in the underground storage facilities, on July 9, gas stocks amounted to 9.84 bcm (down by 19.4% YoY).…
On July 1, the Cabinet of Ministers of Ukraine (the CMU) approved of a comprehensive plan for restructuring of national joint stock company “Naftogaz of Ukraine” in line with the new law “On the natural gas market” adopted by the Parliament on April 9, 2015. Naftogaz’s unbundling has been a key aspect of the Ukrainian…
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…