Gazprom’s Shtokman Decision Disappoints DOE Secretary Bodman
Posted on Oct 12, 2006 in Federal Regulation, Liquefaction | Comments Off on Gazprom’s Shtokman Decision Disappoints DOE Secretary Bodman
U.S. Department of Energy Secretary Samuel Bodman is “disappointed” by Gazprom’s decision to decline foreign assistance in the development of the company’s Shtokman natural gas field. He said that he will attempt to persuade Russian officials to reconsider U.S. involvement in the project. “I do know what our companies do and how able they are,” he...
Gazprom Will Proceed Alone in Developing Shtokman
Posted on Oct 10, 2006 in Liquefaction, Markets and Competition | Comments Off on Gazprom Will Proceed Alone in Developing Shtokman
Russia’s state-owned gas monopoly Gazprom has opted to develop its Shtokman natural gas field without foreign assistance, rejecting offers by five oil and gas majors to participate. The five contenders, including Chevron and ConocoPhillips, “were unable to provide assets comparable to the volume and quality of reserves in the Shtokman deposit,” Gazprom CEO Alexei...
Op-ed: Capturing Economic Benefits from Arctic Gas Should Be Priority
Posted on Oct 5, 2006 in Federal Regulation, Liquefaction, Markets and Competition | Comments Off on Op-ed: Capturing Economic Benefits from Arctic Gas Should Be Priority
A columnist for the Financial Post highlights recent statements by FERC Chairman Joseph Kelliher indicating that LNG imported from the Middle East may hinder the construction of the Alaska and the Northwest Territories pipelines. She says that Alaska and Canada’s financial potential from natural gas production “may not be realized” without pipeline subsidies, a...
Canadian Oil Company Evaluating LNG Option
Posted on Sep 28, 2006 in Canada & Mexico, Liquefaction, Pipelines | Comments Off on Canadian Oil Company Evaluating LNG Option
Canada’s Imperial Oil Ltd. is considering the development of an LNG liquefaction terminal as an alternative to their Mackenzie Valley Pipeline project, the premier of the Northwest Territories said yesterday at an energy conference in Calgary. According to The Financial Post, escalating cost estimates and decreasing natural gas prices are threatening to derail the pipeline...
Gazprom Seeks Equity or Capacity at Shell’s North American LNG Terminals
Posted on Sep 21, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Seeks Equity or Capacity at Shell’s North American LNG Terminals
Citing sources with inside knowledge, Dow Jones Newswires reports that Gazprom is seeking equity or regasification capacity at Shell’s North American LNG terminals to supplement an asset swap agreement made last year by both parties; the request coincides with a Russian regulatory decision forcing Shell to postpone work on Sakhalin-2. Under the existing agreement, Gazprom would...
Gazprom Actively Building Global Contacts
Posted on Sep 18, 2006 in Liquefaction, Markets and Competition | Comments Off on Gazprom Actively Building Global Contacts
Lloyd’s List today reports on Gazprom’s arrangement with BP to take an unspecified number of LNG cargoes between now and early 2007, and the potential relationships between Gazprom and Egyptian energy companies as well as the Itochu Corporation of Japan. [subscription...