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Archive for February, 2008

Nippon Oil Buys Crude From Sakhalin-1 Under Long Term Contract

Nippon Oil Corp., Japan's largest refiner, signed a long-term contract to buy Russian oil from Sakhalin island, the first such agreement by the country's refiners in a drive to diversify supply from the Middle East.
Nippon Oil will purchase one vessel of oil, or 720,000 barrels, every quarter from the $13-billion Sakhalin-1 project starting this [...]

Tuesday, February 19th, 2008

ExxonMobil, CNPC Negotiate on Sakhalin-1

Sakhalin-1 operator ExxonMobil and Chinese CNPC proceed with the talks on potential gas supplies under the project, Interfax reported with reference to Robert Olsen, who is in charge of ExxonMobil production in Europe.
The preliminary agreement on supplying gas to China was made with CNPC in 2002, the official reminded, specifying that today’s purpose is [...]

Tuesday, February 19th, 2008

Synterra builds satellite station in Sakhalin

The Synterra company announces to finish building a conjugate ground station in Yuzhno-Sakhalinsk, the Sakhalin Region.
At present Synterra is represented in 83 regions of Russia. The terrestrial long distance network of the group of companies Synterra covers more than 70 regions of Russia and its total length in 60 thousand kilometers. Satellite communication lines [...]

Tuesday, February 19th, 2008

Exxon says Sakhalin-1 gas should be exported

Exxon Mobil believes Russia should allow the U.S. oil major to export gas from its Sakhalin-1 project off Russia's east coast because, contrary to Gazprom's claims, the gas is not needed for the local market.
"We are currently supplying the local market and fulfilling all of the local market's capacity needs," Exxon's head of oil [...]

Tuesday, February 19th, 2008

Power supplies restored to 36 Sakhalin towns and villages

Power supplies to 36 towns and villages in the Sakhalin Region, disrupted by a powerful blizzard, has been almost fully restored by this Sunday. Electricity has not been supplied only to just a few houses in the Kholmsk and Nevelsk districts. Seven houses remain without electricity in the city of Kholmsk; their power systems [...]

Sunday, February 17th, 2008

Japan Covets Russian Gases

Japan, in a desperate bid to fill its energy and environmental needs, is coveting resource-rich and energy-inefficient Russia's plentiful natural gas and surplus greenhouse gas (GHG) emission credits.
Japan's imports of liquefied natural gas (LNG) from the Sakhalin-II project off Russia's Pacific coast are expected to start early next year. Japan also hopes to import [...]

Sunday, February 17th, 2008

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