NOVATEK
Russian President Vladimir Putin to push growing Moscow-Beijing trade in China's northeast
Russian President Vladimir Putin concluded his visit to China by highlighting the importance of trade near the border in China's northeast. Amid Western sanctions over the Ukraine invasion, Putin is strengthening ties with China, signing agreements on security and economic cooperation. The joint statement emphasizes the deepening China-Russia relationship and their commitment to mutual development.
How Western sanctions are strangling Vladimir Putin’s Arctic gas ambitions
Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions. Moscow wants to expand LNG output three-fold by 2030, adding at least $35 billion in annual revenue.
Reduced refining capacity, sanctions force Russia to cut oil output
Russia plans additional oil supply cuts with production reductions and decreased exports amid curtailed refining capacity and stricter sanctions. Tuapse, Volgograd, and NORSI refineries, along with Novatek's fuel processing at Ust-Luga, have reduced output. Middle Eastern partners request a bigger contribution to OPEC+ production cut. Russian oil exports are affected by wide-ranging sanctions.
Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows
Russia diverted LNG cargoes to China via Cape of Good Hope to avoid Houthi attacks in the Red Sea. The Suez canal route is risky, so they are taking an extended route around Africa, adding 10 days to the journey. Insurance premiums for ships are also increasing due to the conflict.
Russian oil facilities hit by drone attacks, fires
In the past month, Russia's energy infrastructure has faced multiple drone attacks and fires, contributing to uncertainties in global oil and gas markets. Conflicts between Russia and Ukraine have led to strikes on energy facilities, disrupting supply lines and logistics. Notable incidents include drone attacks on the Volgograd refinery, the Baltic Sea oil terminal, a storage facility in Klintsy, the Ryazan oil refinery, the Ust-luga fuel export terminal, Rosneft's Tuapse refinery, and the Slavneft-YANOS refinery.
Oil down as traders assess mixed signals on supply
Oil prices fell on Tuesday, handing back some of the previous day's gains, as traders weighed rising crude supply in Libya and Norway against production outages in the United States and geopolitical tensions.
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Oil slips as economic concerns eclipse geopolitical tensions
The geopolitical tensions have been eclipsed by persistent concerns over China's stuttering economic recovery, which has in turn raised worries about global oil demand given the Asian giant is the world's biggest crude oil importer.
Oil extends losses as economic headwinds weigh on demand outlook
Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down 54 cents on Friday.
Officials report at least 25 dead in shelling of a market in Russian-occupied Ukraine
At least 25 people were killed and 20 injured in shelling at a market in Donetsk, Ukraine. The shells were fired by the Ukrainian military, according to Denis Pushilin, head of the Russian-installed authorities in Donetsk. Kyiv has not commented on the event. Emergency services are working at the scene. In a separate incident, a fire broke out at a chemical transport terminal at Russia's Ust-Luga port following two explosions.
Russia's Northern Sea Route emerges as key connectivity initiative in Indo-Pacific region
In 2023, cargo shipments along the Northern Sea Route (NSR) reached a record-breaking 36.254 million tons, exceeding the federal project target set by Russia's nuclear entity, Rosatom. This achievement was noted before the year's end, with partner companies, including NOVATEK, Gazprom Neft, LUKOIL, and Nornickel, contributing significantly.
Russia exports almost all its oil to China and India - Novak
"As for those restrictions and embargoes on supplies to Europe and the U.S. that were introduced... this only accelerated the process of reorienting our energy flows," Novak said.
Russia dismisses new US sanctions: 'You will never defeat Moscow'
The United States on Thursday targeted Russia's future energy capabilities, sanctions evasion and a suicide drone that has been a menace to Ukrainian troops and equipment, among others, in sanctions on hundreds of people and entities.
Former Russian unit resumes regular LNG supplies to India; 6 US cos offer stake to GAIL
A former unit of Russian energy giant Gazprom has resumed supplying LNG to Indian state gas utility GAIL a year after it halted supplies due to the Ukraine war, GAIL chairman Sandeep Kumar Gupta said Thursday.
TotalEnergies net profits double to record $36.2 bln in 2022
The net income for the last three months of the year was in line with analyst estimates in a consensus by Refinitiv and compared with $6.8 billion a year earlier, and $9.9 billion in the third quarter of 2022
India, Russia sign MoU for LNG supply & low-carbon ammonia
The MoU envisages spot and long-term LNG deliveries to Deepak Fertilisers, including from the Arctic LNG 2 project. The Parties also intend to cooperate in long-term supply of low-carbon hydrogen and ammonia produced with the use of carbon capture and underground storage, cracking, and renewable energy sources at NOVATEK’s future gas chemical site in Yamal.
OVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project
Russian Energy Minister Nikolay Shulginov said almost all major companies -- including Rosneft, Gazprom Neft, and Novatek -- were interested in developing new projects with Indian oil and gas companies.
India, Russia plan MoU on coking coal; boost crude oil trade
The ministers also reviewed ongoing projects and plans including the participation of Indian companies such as Indian Oil Corporation in Russias state-owned Rosneft’s Vostok oil project in the Russian Arctic, Novatek’s deal to supply of LNG to H-Energy, cooperation between Gail and Gazprom.
Narendra Modi-Vladimir Putin's push for eco-energy-ICT partnership; joint development of oil fields
The two sides expressed satisfaction with the stable mutual growth of trade turnover.
H-Energy, Russia's Novatek to set up JV to sell LNG in India
The document was signed on the sidelines of the Eastern Economic Forum (EEF), the official Tass News agency quoted Novatek as saying.
Special chemistry between Modi & Putin; India & Russia working on energy bridge: Dharmendra Pradhan
TOI talks to Oil minister Dharmendra Pradhan about India's plans for oil and energy.
Russia offers Indian firms stake in Yamal LNG project
The offer of stake in JSC Yamal LNG was made when Oil Minister Dharmendra Pradhan visited St. Petersburg last month, sources privy to the development said.
IOC-led consortium to buy 24% stake in Vankor oil field
The recoverable resources of the Vankor field as of January 1 stood at 361 million tonnes of oil and condensate and 138 billion cubic meters of gas.
China's Silk Road Fund buys stake in Russian LNG project
Silk Road Fund said it will buy 9.9 per cent stake in an LNG project of Russia's second-biggest gas producer Novatek.
China steps up investment in Russia's oil and gas sector
Stepping up its investments in Russia's oil sector, China has bought 9.9 per cent stake in a liquefied natural gas project from Russian company Novatek.
ONGC no longer interested in Yamal LNG project
ONGC is no longer keen to acquire a stake in Russian natural-gas producer OAO Novatek's USD 20 billion Yamal LNG project.
Russia's Putin approves LNG exports for Gazprom's rivals
Putin has urged Russian companies to develop production of seaborne LNG and increase their global reach.
ONGC-led consortium eyes remaining 9% stake in OAO Novatek’s Yamal LNG project
CNPC pre-empted its move and bought 20% stake in September. The Indian consortium will face tough competition from Japanese firms as well.
OVL-IOC-Petronet consortia in talks for stake in Yamal LNG
OVL-IOC-Petronet were originally interested in taking up to 15% stake in the Yamal project, which also requires construction of an airport and port.
RIL may join GAIL in race for Repsol’s LNG assets
Reliance Industries (RIL) may submit a nonbinding offer to buy the liquefied natural gas (LNG) assets of Spanish energy giant Repsol.
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