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).

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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.

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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.

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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.

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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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