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Latest Energy in Russia Stories

2008-10-08 09:00:42

Nabucco faces many difficulties, most significantly soaring construction costs and sourcing the gas. However, the EU ETS has the potential to make the project economically viable. Furthermore, Turkmenistan is showing signs of commitment to supply the pipeline, and although improved Western-Iranian relations are not on the horizon, Iran should be considered a viable supply solution in the long run. French utility GDF-Suez has reiterated its interest in following in the footsteps of German...

2008-10-08 09:00:42

By Jasen Lee Deseret News The Federal Energy Regulatory Commission will hold two meetings in northern Utah this month regarding the 680-mile Ruby Pipeline, and residents who live in the proposed path of the natural-gas pipeline will have their chance to speak out on the controversial project. The first meeting is scheduled for Oct. 15 at 6:30 p.m. at the Hyrum Civic Center. The second open house is slated for Oct. 16 at the Brigham City Senior Center at 7 p.m. The commission plans to...

2008-10-08 09:00:35

Russian oil and gas major Gazprom has appointed Oleg Aksyutin as head of the department of gas transportation, underground storage and utilization, replacing Bogdan Budzulyak, who has announced his retirement. Mr Aksyutin's career started at the Stavropol Gas Production Unit, Kavkaztransgaz Production Association. He took the positions of compressor operator, gas facilities operation engineer, deputy head of a booster compressor station #2 and head of the Rozhdestvenskaya Gas Compressor...

2008-10-08 03:00:24

By Roberts, John Europe needs oil and gas from the South Caucasus and the Caspian. So while the conflict between Georgia and Russia might appear to be mainly about territory, the biggest practical effects are being felt in energy supply. None of the solutions is especially appetising. a FEW DAYS AFTER THE END OF THE GEORGIAN WAR, MAJOR flows resumed through the twin arteries than carry Azerbaijani oil and gas to Europe: the $4 billion Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the $1...

2008-10-07 18:00:31

KYIV. Oct 7 (Interfax) - Russia's Gazprom (RTS: GAZP) plans to complete negotiations in November with natural gas producers in Central Asia on the terms of cooperation in 2009, a source at the Gazprom group told Interfax. "We are planning to wrap up the contract campaign for next year in November," he said. By reaching an agreement on the terms for supplies of Central Asian gas to Gazprom, the company will then be able to complete talks on gas prices with Ukraine, which traditionally...

2008-10-07 18:00:30

MOSCOW. Oct 7 (Interfax) - The Russian Energy Ministry thinks that the East Siberia - Pacific Ocean (ESPO) pipeline project should receive state financial support. "The ESPO project should receive some kind of state support," Energy Minister Sergei Shmatko told journalists on Tuesday. The minister noted that it is "rather dangerous" to resolve problems with the infrastructure building by means of a tariff. Currently, the possibility of joint funding of the project is being studied, he...

2008-10-07 18:00:30

ALMATY. Oct 7 (Interfax) - Kazakhstan has not discussed the amount of its oil that could be pumped through the East Siberia - Pacific Ocean (ESPO) pipeline. "This is a theoretical possibility. We did not discuss specific amounts of oil," Kazakh Energy and Mineral Resources Minister Sauat Mynbayev said at the KIOGE conference in Almaty on Tuesday. It was reported earlier that Russian Energy Minister Sergei Shmatko said that Kazakh national oil transportation company KazTransOil is "very...

2008-10-06 18:00:30

TALAKAN (Yakutia). Oct 6 (Interfax) - Transneft (RTS: TRNF) started up an 1,100-kilometer segment of Eastern Siberia-Pacific Ocean pipeline (ESPO) on Saturday. It is the first segment of the pipeline to be put in operation. Transneft head Nikolai Tokarev said the company would maintain its operational tempo and complete the first phase of ESPO in December 2009. The ribbon-cutting ceremony was held at pump station No. 10 at the Talakan field. Deputy Prime Minister Igor Sechin, Energy...

2008-10-06 15:00:34

Excerpt from report by Russian state news agency RIA Novosti Moscow, 6 October: The general scheme for the gas industry of Russia until the year 2030 does not include in its export forecasts any gas supplies to China due to a number of factors which question its effectiveness, a draft document in the possession of RIA Novosti says. The main developer of the general scheme is Gazprom. The document notes that the organization of supplies of natural gas under the Altay project is accompanied...

2008-10-03 21:00:19

KYIV. Oct 3 (Interfax) - Naftogaz Ukrainy and Gazprom (RTS: GAZP) will in the next few weeks sign long-term contracts on the delivery of natural gas to and its transit through Ukraine, Ukrainian Prime Minister Yulia Tymoshenko told a news conference on Friday. "We instructed economic agents - Naftogaz Ukrainy and Gazprom - to sign contracts on the delivery and transit of natural gas in the next few weeks with regard to an intergovernmental memorandum signed on Thursday," Tymoshenko said....


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'