Tag Archive

Agricultural machinery being refueled with natural gas

Agricultural machinery being refueled with natural gas

May 15, 2018 No Comments

Gazprom makes extensive efforts to expand the use of natural gas as a vehicle fuel. It is planned to, inter alia, work in concert with domestic agricultural companies to install filling units near agricultural facilities on a cost-sharing basis. The first of such projects is currently underway at the Barsuk T.L. farm, which built a […]

Gazprom.s CNG stations to be available for 2018 FIFA World Cup Russia™.

Gazprom.s CNG stations to be available for 2018 FIFA World Cup Russia™.

April 19, 2018 No Comments

The Gazprom Board of Directors reviewed the information about the Company’s ongoing efforts to develop the domestic natural gas vehicle (NGV) market and about the readiness of the NGV refueling infrastructure for the 2018 FIFA World Cup Russia™. It was noted that Gazprom was making systematic efforts to develop the NGV refueling network in Russia. […]

Nord Stream 2 receives full set of permits

Nord Stream 2 receives full set of permits

April 13, 2018 No Comments

Nord Stream 2 AG received the second permit required for the construction and operation of the Nord Stream 2 gas pipeline in the Finnish Exclusive Economic Zone (EEZ), thereby completing the permitting procedure in Finland. Today’s permit was granted by the Regional State Administrative Agency for Southern Finland in accordance with the Water Act. The […]

GE Signs Supply Agreement for Jenbacher Gas Engines in Russia

GE Signs Supply Agreement for Jenbacher Gas Engines in Russia

April 12, 2018 No Comments

GE (NYSE: GE) announced that it has signed a supply agreement with GreenTech Energy Company (GTE), one of GE’s authorized Channel Partners for Jenbacher* gas engines in Russia, for 21 Jenbacher gas engines—10 J320 units, 10 J420 units and one J316 unit—with a total capacity of 26 megawatts (MW) to be delivered by year-end 2018. […]

Venezuela Tries To Pay Russian Debt With Cryptocurrency

Venezuela Tries To Pay Russian Debt With Cryptocurrency

March 29, 2018 No Comments

If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it won’t be accepting digital coin. Venezuela will not be paying any part of its debt to Russia with its cryptocurrency, the head of the Russian […]

Gazprom improving efficiency through innovations

Gazprom improving efficiency through innovations

March 23, 2018 No Comments

The Gazprom Management Committee approved the 2017 Progress Report on the Company’s Innovative Development Program until 2025. It was noted that Gazprom made consistent and targeted efforts to improve the efficiency of its innovations. The Innovative Development Program until 2025 serves as an effective instrument for setting the priority objectives and lines of work in […]

Rosneft Annouince results for Y/E December 2017

Rosneft Annouince results for Y/E December 2017

March 20, 2018 No Comments

4Q 2017 revenue rose to RUB 1,709 bln (USD 30.1 bln), or up by 14.2% QoQ, driven mainly by higher crude oil price and increased sales volumes of hydrocarbons and petroleum products. 12M 2017 revenue amounted to RUB 6,014 bln, rising by 20.6% YoY (106.4 bln in USD terms, or up by 37.8%) on the […]

As Iran And Saudi Arabia Square Off, Is OPEC Deal In Jeopardy?

As Iran And Saudi Arabia Square Off, Is OPEC Deal In Jeopardy?

March 14, 2018 No Comments

Iran and Saudi Arabia are at odds over what to do next with the OPEC agreement, a conflict that could sow the seeds of the agreement’s demise over the course of the next year. As the WSJ notes, the dispute centers around exactly what price the cartel should be targeting. Iran’s oil minister has said […]

Amur GPP – the world’s largest helium production facility

Amur GPP – the world’s largest helium production facility

March 13, 2018 No Comments

Gazprom Export LLC started 2018 by completing the bidding procedure to sell helium from the Amur gas processing plant (Amur GPP). This has resulted in the signing of long term sales and purchase agreements (SPA) and the allocation of a considerable part of Amur GPP Helium among the largest global industrial gas companies. The bidding […]

Russian gas blackmail fails in Ukraine

Russian gas blackmail fails in Ukraine

March 5, 2018 No Comments

Ukraine’s gas transmission system (GTS) was fully functional on the morning of 3 March after emergency measures taken by Ukraine and the country’s European partners helped to cancel out the potentially disastrous effects of a Russian failure to supply prepaid gas. Additional gas imports from the EU have allowed Ukraine to compensate for the shortfall […]

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