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Latest Sakhalin-II Stories

2008-07-19 15:00:33

Gazprom will buy a 25 percent stake in Daltransgaz, a part owner of a natural gas pipeline in Russia's Far East, the Russian gas monopoly said Saturday. Gazprom will buy the Daltransgaz stake from Rosneft, the largest Russian government-owned crude producer, RIA Novosti reported. Gazprom Chief Executive Officer Alexei Miller and Rosneft chief Sergei Bogdanchikov recently signed a cooperation agreement, the Russian news agency reported. The acquisition will give Gazprom some access to...

2008-07-18 21:00:26

GORKI, Moscow Region. July 18 (Interfax) - Sakhalin-1, a consortium set up to locate and produce oil and natural gas on Russia's Sakhalin island and immediately offshore, will additionally sell 1.5 billion to 2 billion cubic meters of natural gas to Russian Far Eastern regions, Deputy Prime Minister Igor Sechin said on Friday. Russia's natural gas monopoly Gazprom (RTS: GAZP) and oil company Rosneft (RTS: ROSN) have signed an agreement on "interaction in the supply of gas for Far Eastern...

2008-07-13 15:00:24

After attending a conference on the future of Russia's oil and gas industry in Severodvinsk on 11 July, Aleksey Miller, head of Russia's energy giant Gazprom, held a news conference where he outlined the company's immediate and long-term projects and prospects. He told the journalists that "in the future, priority will be given to the domestic market. We will thoroughly plan extraction and transportation capacities to meet our consumers' demand," Interfax reported at 1700 gmt. Miller added...

2008-07-11 21:00:19

SEVERODVINSK. July 11 (Interfax) - Gazprom will start building the Sakhalin-Khabarovsk-Vladivostok gas pipeline next year, Gazporm CEO Alexei Miller told journalists following a conference dealing with the development of Russia's oil and gas sector in Severodvinsk on Friday. The conference participants addressed gas production in East Siberia and the Far East, Miller said. Gazprom is also considering the possibility of obtaining the operating rights for the state share of gas in the...

2008-07-10 00:00:24

MOSCOW. July 9 (Interfax) - Twelve international environmental organizations have asked Exxon Mobil, a U.S. company which operates the Sakhalin-1 project, to change the route of a pipeline that is being built under the project, Worldwide Fauna (WWF) said in a press release. The company is planning to build the oil pipeline through the Piltun Bay, which is part of a marine reserve being set up for the gray whale. The leading environmentalists warned the oil company that the possible death...

2008-07-10 00:00:15

MOSCOW. July 9 (Interfax) - Twelve Russian and international environmental organizations have called for rerouting the Sakhalin- 1 oil pipeline in order to remove the danger it poses to the population of gray whales. "In a letter sent to Rex Tillerson, chief executive of Exxon [the operator of Sakhalin-1 project], environmental organizations including WWF, Greenpeace, Sakhalin Environmental Watch and others call for altering the route of the Sakhalin-1 oil pipeline to remove the danger to...

2008-06-26 09:03:03

Italian oil and gas industry contractor Saipem has been awarded two new onshore lump sum contracts in Kuwait and Angola for a total value of about E580 million. Saipem has been awarded a lump sum turnkey engineering, procurement and construction (EPC) contract by the Kuwait Oil Company (KOC) to build the gas booster station 160 located in southeast Kuwait. The new gas booster station will deliver 250 million cubic feet of gas per day, and will consist of two identical single-stage trains...

2008-06-24 21:02:31

MOSCOW. June 24 (Interfax) - Gazprom (RTS: GAZP) plans to start extracting gas at the Kirinskoye field on the Sakhalin shelf in 2014, Vasily Podyuk, the head of the company's gas, gas condensate and oil production department, said at a press conference on Tuesday. "We are planning to develop the Kirinskoye block. Production will start in 2014. In total, the Sakhalin-3 project is expected to produce 24.8 billion cubic meters in 2020," he said. The Russian government transferred the...

2008-06-18 09:01:08

The Sakhalin-II project led by Russian gas monopoly Gazprom and the Sakhalin Energy Investment Company, has received $5.3 billion in loan financing. The Japan Bank for International Co-operation acted as the major creditor by financing $3.7 billion. The rest of the financing was provided by a consortium of Japanese and West European commercial banks. The structure and amount of the project financing for the Sakhalin-II project investment program had been preliminarily agreed upon in the...

2008-06-16 18:00:34

Tokyo, June 16 (Jiji Press)--Sakhalin Energy, the operator of the Sakhalin II oil and gas development project in Russia, has signed a 5.3-billion-dollar project financing deal with a syndicate of banks led by the government-backed Japan Bank for International Cooperation. Japanese trading houses Mitsui & Co. and Mitsubishi Corp. , both of which hold interests in the energy developer, are due to guarantee the loans along with other shareholders in line with the size of their stakes,...


Word of the Day
conjunto
  • A style of popular dance music originating along the border between Texas and Mexico, characterized by the use of accordion, drums, and 12-string bass guitar and traditionally based on polka, waltz, and bolero rhythms.
The word 'conjunto' comes through Spanish, from Latin coniūnctus, past participle of coniungere, to join together; see conjoin