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Japan ready to begin dialogue with India on Sakhalin gas swap

Monday, February 11th, 2008

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 [...]

Oil, gas output hit record level in Russia’s Far East in 2007

Wednesday, February 6th, 2008

A record 14.9 million metric tons (109 million barrels) of crude were produced off Sakhalin Island in the Russian Far East in 2007, the regional statistics service said on Tuesday.
"The Sakhalin Region produced 14.9 million metric tons of oil last year, or 8.7 million metric tons (64 million barrels) more than in 2006. Average daily [...]

Statism Beats Capitalism; Gazprom Squeezes Exxon, BP

Tuesday, January 29th, 2008

State-controlled energy companies OAO Gazprom and Petroleo Brasileiro SA are winning the battle for investors as their governments squeeze Exxon Mobil Corp., BP Plc, and Royal Dutch Shell Plc for access to oil and gas.
Russia's Gazprom forced BP and Shell last year to cede control of gas deposits that can supply Asia for more [...]

FESCO Ice-Breakers Arrive in De-Kastri

Friday, December 28th, 2007

The ice-breakers Admiral Makarov and Krasin left the port of Vladivostok and laid a course for the oil terminal of De-Kastri in the Khabarovsk Territory. As the FESCO reports, this was the beginning of the winter season of marine oil shipment of the Sakhalin I project in the Tatar Strait for the second year in [...]

Gazprom against sharing Russian resources with foreigners

Wednesday, December 26th, 2007

Russia’s Gazprom opposes foreign participation in the country’s oil and gas projects, according to a senior official of the gas giant. But additional pressure on foreign energy companies working in Russia could prove detrimental for the country’s investment climate.
Aleksandr Ananenkov is Deputy Chairman of the management committee.
“A handover of control over the [...]

Russia may tighten equity deals with large fields

Tuesday, December 25th, 2007

Russia's Resources Ministry will propose easing access to state auctions of large oil, gas or metal deposits by foreign companies but will tighten control over large equity deals, minister Yuri Trutnev said on Monday.
Analysts said the measure if approved would bring clarity to rules by which the Kremlin will treat foreign investors who have [...]

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