Gazprom Demands Discounts from Russian Pipemakers
Gas giant Gazprom is demanding big discounts from Russian pipeline suppliers for its major projects, industry sources told Reuters, following the emergence of a producer charging significantly lower prices. In a move likely to shake up the pipe and metals sectors, the Kremlin-controlled Gazprom is seeking the discounts - put…
Alfa Bank Increases Credit Line to Novatek to $750 Mln
Russian bank Alfa Bank has increased a credit line to energy company Novatek to $750 million, Novatek said in a regulatory filing on Monday. (Reporting by Alexander Winning, editing by Jason Bush)
Russia's Lukoil Raises $250 mln of Financing
Russia's second-largest oil producer Lukoil said on Monday it had raised $250 million of financing for a period of five years from Alfa Bank, one of the country's largest private lenders. The funds will be used for general corporate purposes, Lukoil said in a statement. (Reporting by Polina Devitt)
Lukoil Raises $500 mln from Alfa Bank
Russian oil company Lukoil said on Friday it had raised $500 million in financing from Alfa Bank for five years. It added that the funds would be used for general corporate purposes and that it had simultaneously repaid 30 billion roubles ($455.63 million) of one-year financing provided by Alfa Bank last July. Reporting by Jack Stubbs
US Sanctions Put Gazprom-Shell Alliance Plans in Jeopardy
Royal Dutch Shell's plans to build a strategic alliance with Russia's Gazprom could be in jeopardy after the United States added one of Gazprom's biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the gas sector, ranging from upstream - exploration and production - to sales, including possible asset swaps.
U.S. Sanctions Put Gazprom-Shell Alliance Plans in Jeopardy
Royal Dutch Shell's plans to build a strategic alliance with Russia's Gazprom could be in jeopardy after the United States added one of Gazprom's biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the gas sector, ranging from upstream - exploration and production - to sales, including possible asset swaps.
Plunging Oil Strengthens Ukraine's Hand with Russia Gas
Ukraine has cut Russian gas imports and Gazprom cannot afford to lose Ukraine. Ukraine has a stronger hand to play at talks with Russia on gas supplies thanks to the fall in oil prices, which has dragged down gas prices, and after showing it can live on less. Neither side wants to give way at talks on a new supply deal that are expected to start soon -- but both need each other.
Russia Abandons South Stream But Not Goal of Bypassing Ukraine
President Vladimir Putin's decision to drop the South Stream pipeline project is a blow but not an end to Russia's search for ways to get natural gas to Europe without going through Ukraine. The Kremlin wants to find routes to bypass Ukraine to cement its position on the European market and reduce reliance for energy transit on a country with which relations are strained.
Russian Oil Output Declines Could Play Role in Balancing Supply
With oil prices at four year-lows all eyes are on the Gulf to cut output, but a decline in Russian output could also play a role in balancing supply. Russian oil companies could be forced to ditch new projects and end plans to revamp old ones if prices stay at around $82 a barrel or tumble further, making some of the world's leading energy producer's planned production not viable.
Russian Oil Giant Has No Sanction Worries
While most Russian oil tycoons and Kremlin energy officials are calculating billions of losses that could result from Western sanctions, one of them is counting his blessings. Vladimir Bogdanov's Surgutneftegas has no Western debts, no foreign partners on its huge Siberian fields and uses no Western drilling technology, making…
Russia's August Oil Production Rises
Russian oil output rose 1 percent in August to 10.52 million barrels per day (bpd), supported by an increase in condensate production at Gazprom and projects with foreign companies, Russian Energy Ministry data showed. Production in Russia, which includes crude oil and gas condensate, was still the world's highest in August.
Russia's Lukoil Weighs Bond Plans
Russia's Lukoil might issue in the international bond market in the autumn, according to a company spokesperson. "It will still happen," the spokesperson told IFR. IFR reported in March that the Baa2/BBB- rated borrower had mandated Citigroup and JP Morgan to lead manage a potential US dollar-denominated bond. Lukoil is the…
Putin Mulls End of Gazprom Monopoly Pipeline Gas Sales to China
The Russian government should consider allowing gas producers other than Gazprom to export gas from new fields in east Siberia and Far East, Vedomosti daily newspaper said, citing an order from President Vladimir Putin. Russia's Gazprom has a monopoly right to export gas via pipelines, clinching a $400 billion deal to ship gas to China over 30 years in May.
Russia Targets Shale Oil Boom by Next Decade
Russia wants a boom in unconventional oil output by the start of the next decade, and is prepared to look east for technology if its ambitions are hindered by Western sanctions over the Ukraine crisis, Russian oil executives said. Russia is now pumping near its capacity of around 10.5 million barrels of oil per day (bpd), with the bulk of production coming from depleted western Siberian deposits…
Gazprom Demands $1.66 bln for Ukrain June Gas
Ukraine, Russia disagree over gas price; Gazprom switches Kiev to prepayment from June. Russia's Gazprom demanded a $1.66 billion pre-payment from Ukraine for June gas deliveries on Tuesday, saying the neighbouring country had only half its requirements in storage to ensure a trouble-free winter. Citing a preliminary bill,…
