Russia

Waiver Likely to Widen Gazprom, Statoil Access to U.S. LNG Markets

FERC last Thursday approved a request by the U.S. affiliates of Norway’s Statoil ASA and Russia’s Gazprom for a waiver of the agency’s prohibition on tying capacity releases to “extraneous conditions” — which could help to expand the companies’ liquefied natural gas (LNG) footprint in the United States.

February 22, 2010

Waiver Likely to Widen Gazprom, Statoil Access to U.S. LNG Markets

The Federal Energy Regulatory Commission Thursday approved a request by the U.S. affiliates of Norway’s Statoil ASA and Russia’s Gazprom for a waiver of the agency’s prohibition on tying capacity releases to “extraneous conditions” — which could help to expand the companies’ liquefied natural gas (LNG) footprint in the United States.

February 19, 2010

Waiver Likely to Widen Gazprom, Statoil Access to U.S. LNG Markets

The Federal Energy Regulatory Commission Thursday approved a request by the U.S. affiliates of Norway’s Statoil ASA and Russia’s Gazprom for a waiver of the agency’s prohibition on tying capacity releases to “extraneous conditions” — which could help to expand the companies’ liquefied natural gas (LNG) footprint in the United States.

February 19, 2010

Press Report: Gazprom Rethinking Export Strategy

Top executives at Russia’s Gazprom were said to be meeting this week to discuss whether to revise their plans to export liquefied natural gas (LNG) to U.S. markets.

January 27, 2010

Press Report: Gazprom Rethinking Export Strategy

Top executives at Russia’s Gazprom were said to be meeting this week to discuss whether to revise their plans to export liquefied natural gas (LNG) to U.S. markets.

January 27, 2010

Sempra Exploring Multiple Deals with Gazprom

Noting it has “three teams” of negotiators talking to Russia’s Gazprom, Sempra Energy divulged during a first-quarter earnings conference call Wednesday that it is exploring power generation and energy marketing deals with the gas producer in addition to processing some of its liquefied natural gas (LNG) through one or more North American receiving terminals.

May 9, 2005

Sempra Exploring Multiple Deals with Gazprom

Noting it has “three teams” of negotiators talking to Russia’s Gazprom, Sempra Energy divulged during a first-quarter earnings conference call Wednesday that it is exploring power generation and energy marketing deals with the gas producer in addition to processing some of its liquefied natural gas (LNG) through one or more North American receiving terminals.

May 5, 2005

Industry Briefs

ConocoPhillips last week won an auction with a bid of nearly $2 billion for the Russian government’s 7.6% stake in Russia’s Lukoil — the world’s No. 2 oil company by reserves. ConocoPhillips offered $1.988 billion, only slightly above the $1.928 billion starting price. Immediately following its winning bid, the company announced that it planned to increase its stake in Lukoil to 20%. It also announced that it had offered to buy a 17.5% stake in a production sharing agreement allowing Lukoil to develop Iraq’s, four billion barrel West Qurna field, and would pay another $374 million to secure a 30% stake in a new joint venture to tap into rich Siberian oil reserves in the Timan Pechora region. The price tag of the Lukoil bid made it the single largest cash deal in the history of Russian privatization.

October 4, 2004

Industry Briefs

ConocoPhillips on Wednesday won an auction with a bid of nearly $2 billion for the Russian government’s 7.6% stake in Russia’s Lukoil — the world’s No. 2 oil company by reserves. ConocoPhillips offered $1.988 billion, only slightly above the $1.928 billion starting price. Immediately following its winning bid, the company announced that it planned to increase its stake in Lukoil to 20%. It also announced that it had offered to buy a 17.5% stake in a production sharing agreement allowing Lukoil to develop Iraq’s, four billion barrel West Qurna field, and would pay another $374 million to secure a 30% stake in a new joint venture to tap into rich Siberian oil reserves in the Timan Pechora region. The price tag of the Lukoil bid made it the single largest cash deal in the history of Russian privatization.

September 30, 2004
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