Putin vows tenfold Arctic shipping by 2025

Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest […]

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Rosneft‒Gazprom Neft’s JV drills first deep well at Yamal-Nenets field

Messoyakhaneftegaz, a joint venture of Rosneft and Gazprom Neft, has completed the construction of its first deep well at the Vostochno-Messoyakhskoye field in the Yamal-Nenets Autonomous Area and plans to launch 10 more deep wells in 2018, RIA Novosti reported. “The initial inflow of 250 metric tons of oil per day has confirmed the high […]

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Oil companies sum up a year in the Arctic

Russian Arctic oil is on the rise. It is the Yamal-Nenets region which is the big driver in Russian Arctic oil and natural gas. Several major new projects are resulting in big production growth. In 2016, company Gazprom Neft launched the Messoyakha and Novy Port projects, and output from these fields now significantly impact regional […]

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Qatar Sees Russia’s Launch of Yamal LNG Project as Part of Market Growth

Qatar does not see the launch of Russia’s Yamal liquefied natural gas (LNG) project as a competition but rather as part of a general trend of the LNG market extension, Minister of Energy and Industry of Qatar Mohammed Saleh Al Sada told Sputnik. According to the Russian Energy Ministry, Yamal LNG project, which commenced production […]

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Novatek: the first Yamal LNG tanker is likely to be shipped to CNPC

As reported by Mark Jetway, Novatek CFO, the first Yamal LNG tanker might be shipped to CNPC in recognition of company’s contribution to the project and APR market significance. He had earlier announced that Yamal LNG phase 1 is 97% ready, with overall project status at 89%. Yamal LNG project with a capacity of 17.5 […]

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Government panel has approved the economic model for the Northern Sea Route

Government panel, chaired by Arkadiy Dvorkovich, Russian Vice Premier, has approved economic model of the Northern Sea Route. As reported, the overall cost of building the new railway Obskaya — Nadym — Pangody 460 km long is estimated at 130.5bn RUB. The project is of national standing: its execution will facilitate social and economic development […]

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Trade flow through the Northern Sea Route has grown by 20% in 2017

The commodity turnover through the Northern Sea Route has demonstrated a 20% growth at slightly reduced freight traffic in 2017, as informed by the Interim Head of Urals Customs Administration Maxim Chmora. According to him, 2017 has also recorded the increase in Sabetta airport customs formalities (Yamal). “In nine months 2017 Sabetta hosted customs operations […]

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Belkomur railroad will total 330bn RUB together with loans

Construction of Belkomur railway, which, as projected, will pass from the White Sea through Komi to Urals, is estimated at 330bn RUB, taking into account loaned assets, as reported by CEO of Belkomur Vladimir Shchelokov. “The project net cost is 251,5bn RUB as of 2016. If loaned funds are taken into consideration, then almost 330bn […]

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Gazprom neft will

carry out the seismic survey of Prirazlomnoye field in 2018 to start the second development stage Gazprom neft will execute a seismic survey of Prirazlomnoye in 2018 within the framework of the second development stage, as informed by Alexander Dyukov, company’s Chair. As he said, the second stage of Prirazlomnoye development is called Silurian and […]

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