PNG to seek more from Exxon on P'nyang deal than Total's Papua LNG
Papua New Guinea will press Exxon Mobil Corp for "far better" terms on its P'nyang gas project than the government secured in a recent agreement with Total SA for its Papua LNG project, the country's petroleum minister said.The P'nyang field will help feed an expansion of Exxon's PNG LNG plant. If negotiations for the project are protracted, that could delay Exxon's $13 billion plan with Total's Papua LNG…
Oil Search on Tenterhooks over Total's PNG Gas Deal
Oil Search warned on Tuesday that costs for a $13 billion plan to double gas exports from Papua New Guinea could rise if talks on a gas agreement between the government and Total SA drag on beyond next week.Australia-listed Oil Search is a partner in Total's Papua LNG project and Exxon Mobil Corp's PNG LNG project, which together aim to double LNG exports from the impoverished Pacific nation to around 16 million tonnes a year.PNG's new petroleum minister…
Total, Exxon Sign for Papua New Guinea LNG Project
French energy giant Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project.The Papua LNG project Gas Agreement allows the partners to enter the Front-End Engineering Design (FEED) phase of study that will lead to the Final Investment Decision in 2020.“The finalization of the Gas Agreement…
$13 Bln Papua LNG Project Pushes Ahead
France's Total and its partners signed a long-awaited deal with Papua New Guinea on Tuesday that will allow initial work to start on a $13 billion plan to double the country's liquefied natural gas exports.Developing the Pacific island nation's gas reserves is seen as crucial to its economy as LNG is its biggest export earner, while demand for the fuel is surging globally.Total's partner Oil Search said the…
Total Signs MoU on LNG Project
Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project.According to a press release from Total the MoU was signed in Port Moresby, in presence of Peter O’Neill, Prime Minister of Papua New Guinea, and Patrick Pouyanné, Chairman and CEO of Total. The…
Papua New Guinea Paves Way for LNG Expansion
A long-awaited project led by France's Total SA that will help double liquefied natural gas (LNG) exports from Papua New Guinea has come another step closer, with the government agreeing to set financial terms early next year.The LNG expansion, which analysts estimate will cost $13 billion, is crucial to the Pacific island nation's economy as LNG is its biggest export earner, while demand for the fuel is surging…
Ukraine May Buy Gas From Russia Before Deal Signed
Ukraine might start buying natural gas from Russia before a final winter gas agreement is signed, news agency Interfax Ukraine quoted Ukrainian Energy Minister Volodymyr Demchyshyn as saying on Wednesday. Ukraine halted gas imports from Russia this July due to a price dispute. In September, Kiev and Moscow reached a preliminary agreement on supplies for the winter, but the document has not yet been signed. (Reporting by Pavel Polityuk)
Russia, European Commission Make Headway on Ukraine Gas Supplies
Russia and the European Commission have made progress towards ensuring stable gas supplies to Ukraine and via that country to the European Union this winter, the EU executive said on Friday. Russia accounts for about a third of Europe's gas needs, with Ukraine a key transit route. Moscow and Kiev have had a number of gas pricing rows in the past which have led to a disruption in supplies to the EU. The European…
Beach Begins Gas Supply to Origin Energy
Long term gas sales agreement with Origin Energy Retail Limited (“Origin”) has been initiated for delivery of up to 139 PJ of sales gas over an initial eight year term Beach Energy Limited is transitioning to separate lifting and marketing of its equity share of sales gas from the SACB and SWQ JVs. Through its wholly owned subsidiary, Delhi Petroleum Pty Ltd, Beach entered a long term sales gas agreement with Origin for a minimum eight year period commencing 1 July 2015.
Ukraine Seeks More Than $16b from Gazprom
Ukraine is seeking more than $16 billion from Russia's Gazprom in its appeal to an arbitration court in Stockholm over a long-running gas pricing dispute between Kiev and Moscow, Prime Minister Arseny Yatseniuk said on Friday. Ukraine's state gas business Naftogaz and Russia's Gazprom are bound by a 10-year gas agreement signed in 2009. Kiev is challenging the price of Russian gas, and billions of dollars in debts which Russia says have accrued…
Ukraine: Chevron Plans to Pull Out of Shale Gas Deal
U.S. energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday. Ukraine signed a shale gas production-sharing agreement with Chevron amid great fanfare in November 2013, just months before mass protests in Kiev ousted former president Viktor Yanukovich, plunging the country into a major crisis with Russia. "There is information that they (Chevron) are planning this decision…
Austria Hopes EU Objections to South Stream Resolved in Next Month
Austria is hoping differences with the European Commission over the South Stream pipeline project can be resolved in the next month or so, allowing the plan to move ahead, Austrian Foreign Minister Sebastian Kurz said on Friday. Plans to build the $40 billion pipeline carrying enough Russian gas to meet almost 15 pecent of European demand while bypassing Ukraine have divided EU member states and run into opposition from the Commission.
Gazprom: Gas Resumes after Ukraine Pays
Russia, Ukraine reach deal on supplies in Brussels; dispute has threatened winter supplies to Europe. Russia may restart gas supply to Ukraine as soon as next week if Kiev pays $2.2 billion worth of debt and pre-payments, gas export monopoly Gazprom said on Friday, under a deal that is also vital to ensure deliveries to Europe. Moscow, Kiev and the European Union clinched an agreement on Thursday to resume supplies of Russian gas to Ukraine over the winter and secure transit of gas via Ukraine to Europe…
Ukraine to Guarantee EU Gas Transit
Yatseniuk, speaking to Ukrainian energy officials, criticised Russia's South Stream project to transport Russian gas through the Black sea to Europe and added: "Ukraine will guarantee transit. "It (Ukraine) will not give Russia the means of blackmailing Ukraine and Europe with different (gas) flows," he said. Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital…
EC Suggests Russia, Ukraine Sign Interim Gas Deal
The European Commission will suggest that Russia and Ukraine sign an interim gas agreement in Berlin later this week, a way to start resolving a standoff over gas prices, Energy Commissioner Guenther Oettinger said on Tuesday. He said the agreement would give an interim price for a specified amount of gas to be shipped to Ukraine. Russia, Ukraine and the European Commission are meeting in Berlin on Sept. 26 to try to resolve a gas row between Moscow and Kiev.
