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Archive for August 24th, 2006

Russia’s newest crude makes debut in Asia

Asia's newest crude, Russia's light-sweet Sokol, made its market debut this week with Japan's Nippon Oil Corp. buying an October-delivery cargo, signalling the launch of one of this year's top oil projects.
The 700,000-barrel cargo from the $12.8 billion Sakhalin-1 project on Russia's Pacific coast will be delivered to Nippon Oil's terminal in Kagoshima, southern Japan, [...]

Thursday, August 24th, 2006

OVL proposes to buy entire gas output from Sakhalin-I in Russia

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has proposed to buy the entire gas production from Sakhalin-I field in Russia and import the same in the form of LNG to India.
"The gas production potential of Sakhalin-I is 8 billion cubic meters per annum," Minister of State for Petroleum [...]

Thursday, August 24th, 2006

Sakhalin Energy has completed the construction of Russia’s first LNG loading terminal

Sakhalin Energy has completed the construction of the first LNG loading berth in Russia, as the Company informs.
The berth for the loading of liquefied natural gas (LNG) is one of the integral elements of the LNG production plant that is under construction in the south of Sakhalin.
The berth can receive tankers with tonnage from 18,000 [...]

Thursday, August 24th, 2006

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