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Belkomur railroad will total 330bn RUB together with loans


Construction of Belkomur railway, which, as projected, will pass from the White Sea through Komi to Urals, is estimated at 330bn RUB, taking into account loaned assets, as reported by CEO of Belkomur Vladimir Shchelokov. “The project net cost is 251,5bn RUB as of 2016. If loaned funds are taken into consideration, then almost 330bn…

Gazprom neft will

carry out the seismic survey of Prirazlomnoye field in 2018 to start the second development stage Gazprom neft will execute a seismic survey of Prirazlomnoye in 2018 within the framework of the second development stage, as informed by Alexander Dyukov, company’s Chair. As he said, the second stage of Prirazlomnoye development is called Silurian and…

Intesa elaborates on financing of Arctic LNG 2 and Nord Stream 2

The Italian bank group Intesa considers involvement in financing the second Novatek’s project for LNG production, Arctic LNG 2, and examines the loaning options for the construction of Gazprom’s Nord Stream 2 pipeline. The bank, which financed the first Novatek’s LNG project on Yamal, now considers and discusses another project funding, Arctic LNG 2. The…

Yamal LNG is expected to ship first two LNG batches in November


Four batches more are scheduled for December, with up to 10 LNG tankers to be accepted by the Port of Sabetta monthly in 2018. Deputy CEO of Yamal LNG  Nikolay Dorzheyev has informed that the commissioning of first liquefaction train in Sabetta is scheduled for November as well. As reported, the LNG will be imported…

Novatek CEO: Russia will account for 15% of global LNG exports


Russian LNG can be competitive on any market and its share can reach 15% of global LNG export, as reported by the Chair of Novatek Leonid Mikhelson. “Russian gas will be marketable on the global arena. To my mind, it will account for at least 15% of global export market [of this product],” Mikhelson said….

Obskaya-Bovanenkovo locomotives will run on LNG

Gazprom Gas Engine Fuels and Gazpromtrans have concluded a win-win cooperation agreement on 5 October 2017. The document is focused on using LNG as the engine fuel for Obskaya-Bovanenkovo rolling stock and power generation at railroad infrastructural facilities. The project stipulates for the construction of small-scale LNG facility near the Obskaya station, mobile gas fillers…

Yamal LNG projects to boost capacities


The domestic gas producing company Yamal LNG is carrying out the project for the construction of LNG plant at present. The prospective enterprise was initially planned to be built in 3 stages based on the South Tambey field. The projected facility capacity was anticipated at 16,5 mtpa of gas. However the company has recently announced…

The Northern Latitudinal Railway project is submitted for the government board review


This promising project can win a grant as of 10bn RUB. The project stipulates for the construction of the Northern Latitudinal Railway (NLR). The project is already accomplished and submitted for approval to the district government board. In particular, the Ob River bridge will be built within the framework of the project. As reported by…

Gas will become a key energy source in 17 years


The global share of fossil fuel will be a half lower by 2050, and before 2034, gas is expected to become the key energy carrier. As informed by Sergey Donskoy, Russian Minister of Natural Resources, alongside the global increase in energy source diversity, the share of mineral fuel will register a 30% reduction by 2050….

In another 17 years the largest share of Russian crude will be produced at yet undiscovered fields


The country’s oil and gas sector is developing the promising petroleum areas actively. By 2035, almost 60% of oil will be extracted from yet undiscovered hydrocarbon reserves, as informed by Andrey Patrushev, Deputy CEO of Gazprom neft. Reportedly, the development of new deposits will allow compensating the fall in oil production in the Russian conventional…