Novatek wins bid for Alrosa’s gas assets

February 20, 2018 0

Russia’s Novatek will pay diamond mining firm Alrosa some 30.3 billion roubles ($540 million) for the 100% acquisition of two companies, which together own areas estimated to hold resources of 1.08 billion barrels of oil equivalent (BBOE).


Russia eyes 20% of global LNG market: Novak

February 19, 2018 0

Russia, home of the world’s largest gas reserves, is planning to grab as much as 20% of the global liquefied natural gas (LNG) market by 2035, energy minister Alexander Novak said last week at the Russian Investment Forum in Sochi.


Russia-China fund eyes Aramco IPO: Russian exec.

February 15, 2018 0

Russian banks and a Russian-Chinese investment fund are interested to invest in what could be the largest initial public offering in recent times, the Saudi Aramco’s floating of shares, a Russian senior executive said Wednesday.


U.S.-led supply growth to overtake demand: IEA

February 14, 2018 0

Fast rising crude oil production in non-OPEC countries, led by the U.S., is likely to grow by more than demand in 2018, the International Energy Agency (IEA) forecast Tuesday in its monthly outlook report.


TurkStream’s estimated cost up $1B: Gazprom

February 12, 2018 0

Russia’s gas producer, Gazprom, has increased its planned total investment in the TurkStream natural gas pipeline by $1 billion, Deputy Chairman Andrey Kruglov said last week, Kallanish Energy learns.


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