January 10, 2014 09:22
Putin urges synchronization of private, state investment in LNG infrastructure
NOVO-OGARYOVO. Jan 10 (Interfax) - President Vladimir Putin called Thursday for synchronizing private and state investment in infrastructure for production of liquefied natural gas (LNG).
"It is necessary to synchronize the investments of private companies and state investments in infrastructure for such LNG production facilities," Putin said during a meeting with Energy Minister Alexander Novak. "Definitely keep an eye on this," the president instructed the minister.
Novak assured the president that this will be one of the ministry's chief objectives in 2014, and that such control will be ensured in both the oil and gas sectors.
Putin also asked the minister about the anticipated impact of decisions related to the liberalization of the LNG market.
Novak said he believes this was "one of the key decisions of 2013, which was worked out taking into account an analysis of the world gas market."
"We believe that this decision will provide an incentive to increase investment in processing and give us the opportunity to win additional niches in the Asia-Pacific region," Novak said.
He recalled that the share of LNG on the world gas market has grown from 18% to 32% in recent years. "We are shipping about 11 million tonnes from the Sakhalin-2 project and by 2018-2020 we can reach 30 million-35 million tonnes. We believe that the share of LNG consumption will grow at accelerated rates," Novak said.
At the end of 2013, Russia passed amendments to the law governing gas exports that expanded the number of companies allowed to export LNG.
Two new categories of companies other than Gazprom have been granted the right to export LNG as of the beginning of 2014. The first category applies to companies that hold licenses to fields that, as of January 1, 2013, called for building a plant to produce LNG or shipping produced gas to an LNG plant. The second category to receive export rights consists of state companies in which Russia holds an interest of more than 50% that are developing offshore fields.
Therefore, in addition to Gazprom and its subsidiaries, LNG export rights will be extended to Rosneft (MOEX: ROSN), and the Yamal LNG project of Novatek (MOEX: NVTK).
(Our editorial staff can be reached at email@example.com)
October 21, 2016
Belgian Foreign Ministry says nothing new in files presented by Russian Foreign Ministry regarding alleged Belgian airstrike near Aleppo; Brussels' stance unchanged
Russia to extend humanitarian pause in Aleppo from 8:00 a.m. to 7:00 p.m. Oct 22 - Russian armed forces staff
State's debt to entrepreneurs down by 26 bln rubles in year - Russian prosecutor general
Inter RAO's generation in 9M down 5.1% to 98 bln kWh (Part 2)
Egypt cannot resell, transfer Mistral ships to Russia without France's consent - Russian Foreign Ministry source
ALL MESSAGES REQUESTING U.S. TO POSITIVELY INFLUENCE MILITANTS SO THAT THEY STOP SHELLING IN ALEPPO REMAIN UNANSWERED - RUSSIAN DEFENSE MINISTRY
MILLER: GAZPROM SETS THIRD IN ROW RECORD FOR EXPORTS ON OCT 20 - 587.8 BCM OF GAS
MILITANTS IN ALEPPO AREA BEING SUPPLIED WITH MANPADS - RUSSIAN ARMED FORCES STAFF
MILITANTS PREPARING OFFENSIVE ON ALEPPO HAVE TANKS, ARMORED VEHICLES, OVER 20 PICKUP TRUCKS WITH MACHINEGUNS - RUSSIAN ARMED FORCES STAFF
Kazakhstan's current account deficit up 50% to $3.6 bln in Jan-June - National Bank
HUMANITARIAN PAUSE IN ALEPPO AREA TO BE EXTENDED AGAIN FROM 8:00 A.M. TO 7:00 P.M. OCTOBER 22 - RUSSIAN ARMED FORCES STAFF
MILITANTS SHELLING RESIDENTIAL BLOCKS IN WESTERN PART OF ALEPPO, HUMANITARIAN CORRIDORS, USING MULTIPLE ROCKET LAUNCHERS - RUSSIAN DEFENSE MINISTRY
GROUP OF OVER 1,200 MILITANTS, INCLUDING 30 SUICIDE BOMBERS, PREPARED TO ATTACK ALEPPO FROM SOUTHWEST - RUSSIAN ARMED FORCES STAFF
TERRORISTS IN SYRIA BARRING CIVILIANS, MILITANTS FROM EXITING EASTERN ALEPPO - RUSSIAN DEFENSE MINISTRY