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Archive for February 11th, 2008

Talks with pirates over hijacked Sakhalin-bound tugboat continue

Talks with pirates who seized a tugboat carrying a Russian-British-Irish crew off the coast of Somalia almost two weeks ago are continuing, a spokesman for the Danish owner said on Monday.
The Svitzer Korsakov vessel, intended for use in the Sakhalin II oil and gas project led by Russian energy giant Gazprom, was seized on [...]

Monday, February 11th, 2008

Rosneft Debt Worries Push Markets Down

Headwinds from global markets continued to buffet Russian stocks in a volatile week of trading.
The benchmark RTS index fluctuated during the week to close down 4.9 percent at 1870.93 points -- a loss of 18.3 percent so far this year -- while MICEX dropped 4.4 percent to 1568.88 points as the markets continue to [...]

Monday, February 11th, 2008

Japan ready to begin dialogue with India on Sakhalin gas swap

India’s quest for gas for its fuel-starved economy may get a boost with Japan likely to agree to swap gas that it sources from West Asia with the supplies obtained by India off the Russian coastline.
If the deal does come through, it will also substantially reduce transportation costs and then the landed price [...]

Monday, February 11th, 2008

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