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Gazprom and Shell discuss next steps in Baltic LNG project

Published by , Editorial Assistant
LNG Industry,

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, was recently held in St. Petersburg.

The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED). read more

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Oil CEOs Jostle for Global Natgas Crown Under Putin’s Gaze

Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden

By Elena Mazneva , Dina Khrennikova , and Jack Farchy

4 October 2018, 00:01 BST

  • Pouyanne responds to Shell investment in Canadian LNG project
  • Russia is now largest source of Total’s oil and gas output

Two oil company bosses shared a stage with one of the most powerful men in the market, and all they wanted to do was brag about natural gas.

Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden hailed his $31 billion liquefied natural gas venture in Canada, the biggest new project since 2013. Very nice, but not as competitive as low-cost Russian supplies, said Total SA boss Patrick Pouyanne. read more

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Putin to meet Shell CEO in Moscow – Kremlin aide

 

By Reuters• last updated: 02/10/2018

MOSCOW (Reuters) – Russian President Vladimir Putin will meet Royal Dutch Shell Chief Executive Ben van Beurden in Moscow this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.

Ushakov said Putin and the Shell boss will discuss the Sakhalin-2 liquefied natural gas (LNG) project on Russia’s Pacific coast, where Shell is a minority shareholder, and a plan to build an LNG plant on Russia’s Baltic coast. Shell and Russian gas giant Gazprom last year signed a memorandum of understanding to work together on the plant. read more

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Exclusive: Shell in talks to buy stake in Russian oil project – sources

Olesya Astakhova, Ron Bousso: SEPT 26, 2018 

MOSCOW/LONDON (Reuters) – Royal Dutch Shell (RDSa.AS) is in talks to buy a stake in an oil and gas project from Gazprom Neft (SIBN.MM), three sources familiar with the discussions told Reuters, a rare foray into Russia’s energy sector by a Western oil major since sanctions were imposed.

The sources said Shell is negotiating with state-controlled Gazprom Neft, Russia’s third-largest oil producer, about acquiring a stake in the onshore Tazovskiy project in the country’s northern Yamal region. read more

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Oil and gas output at Russia’s Pacific Sakhalin island seen down in 2019

Olesya Astakhova: SEPT 20, 2018

MOSCOW (Reuters) – Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.

Sakhalin, which is also famous for producing seafood, derives most of its oil and natural gas from two offshore projects – Sakhalin-1, led by ExxonMobil, and Sakhalin-2, led by Russia’s Gazprom.

Sakhalin-1 shareholders also include Russia’s Rosneft, Japan’s Sodeco and India’s ONGC. Apart from Gazprom, Sakhalin-2 shareholders include Royal Dutch Shell, Mitsui and Mitsubishi. read more

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Why World Worries About Russia’s Natural Gas Pipeline

Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($11 billion) in cost.

By Elena Mazneva and Anna Shiryaevskaya | Bloomberg
August 27 at 12:00 AM

A planned new natural-gas pipeline into Europe from Russia is shaking up geopolitics. Nord Stream 2, as it’s called, worries leaders in Eastern Europe, has stirred the ire of U.S. President Donald Trump and has put German Chancellor Angela Merkel on the hot seat.

1. What is Nord Stream 2?

It’s a planned new 1,230-kilometer (764-mile) undersea pipeline that will carry natural gas from fields in Russia to the EU network at Germany’s Baltic coast. It will double the capacity of an existing undersea route — the original Nord Stream — that opened in 2011. Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($11 billion) in cost. read more

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Russia presses ahead with Nord Stream 2

|By: , SA News Editor

  • “Together with German partners we are working on the new natural gas pipeline Nord Stream 2, which will complete the European gas transport system,” Vladimir Putin declared as he met with Chancellor Angela Merkel near Berlin on Saturday.
  • While the U.S. wasn’t present at the meeting, it could have a big say in the outcome amid concerns that it would increase Europe’s already-high dependence on Russian natural gas and give the Kremlin political leverage and substantial revenues.
  • The project is being developed by Gazprom (OTCPK:OGZPY), along with Royal Dutch Shell (RDS.A, RDS.B), Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVZY) and Engie (EMGIY).
  • read more

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    Russia’s grasp on EU gas tightens despite Trump slating Germany

    Mr Trump last year signed a law giving him the right to impose sanctions on companies involved in the Nord Stream 2 pipeline project. Royal Dutch Shell, BASF’s Wintershall unit, Uniper, OMV and Engie have agreed to provide Russia’s Gazprom with financing for the €9.5bn pipeline and could be at risk of penalties.

    Elena Mazneva, Margaret Talev and Naureen S Malik: 18 July 2018

    US President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism of Germany he’d levied in Europe last week.

    “We are going to be selling LNG and will have to be competing with the pipeline and I think we’ll compete successfully, although there is a little advantage locationally” because Russia is closer to buyers in Europe, Mr Trump told reporters at a news conference with Mr Putin after their meeting in Helsinki on Monday. read more

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    U.S. issues sanctions warnings for firms invested in Nord Stream pipeline

    |By: , SA News Editor

  • The U.S. warns Western companies invested in Russia’s Nord Stream 2 natural gas pipeline to Germany that they are at risk of sanctions.
  • The $11B project, led by Gazprom (OTCPK:OGZPY), would double capacity of the existing Nord Stream 1 pipeline under the Baltic Sea to Germany, bypassing traditional routes through Ukraine.
  • Pres. Trump sharply criticized Germany yesterday for being a “captive” of Russia because of its support for the pipeline.
  • A German business group says it is not up to the U.S. to dictate how German companies do business, that the country’s energy partnership with Russia had spanned decades with mutual benefits, and that gas imports from Russia are a competitively priced and reliable energy source.
  • Germany’s Uniper (OTC:UNPRF) and BASF’s (OTCQX:BASFY) Wintershall are among western partners involved in the project, as well as Royal Dutch Shell (RDS.A, RDS.B), Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF).
  • Now read: Gazprom: From Russia With Love
  • read more

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    The Pipeline Trump Says Risks Making Germany ‘a Captive of Russia’

    By Elena Mazneva and Laurence Arnold: 11 July 2018

    A planned natural-gas pipeline, Nord Stream 2, is the latest point of friction between U.S. President Donald Trump and German Chancellor Angela Merkel. At a summit meeting of North Atlantic Treaty Organization members, Trump said the pipeline risks making Germany “a captive of Russia.” He’s not the first American leader to criticize the pipeline project, and the U.S. isn’t alone in its disapproval.

    1. What is Nord Stream 2?

    It’s a planned new 1,230 kilometer (764-mile) undersea pipeline that will carry natural gas from fields in Russia to the EU network at Germany’s Baltic coast. It will double the capacity of an existing undersea route and cut Russia’s reliance on gas transit through Ukraine. (Russia has been locked in conflict with Ukraine since 2014, when a pro-Russian president there was forced from power and Russia seized the country’s Crimean Peninsula.) Russia’s Gazprom PJSC is overseeing the project with funding from five investors including Royal Dutch Shell Plc and Engie SA, which are providing half of the 9.5 billion-euro ($10.3 billion) in cost. read more

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    U.S. sanctions will not affect Nord Stream 2, German ministry says

    |By: , SA News Editor

  • Germany has been assured by the U.S. that any sanctions imposed on Russia will not affect construction of the Nord Stream 2 gas pipeline to bring Russian gas to Europe, says a spokesperson for Germany’s economy ministry.
  • The U.S. embassy in Berlin says there has been no change in policy, Reuters reports.
  • The Nord Stream 2 consortium, consisting of Russia’s Gazprom (OTCPK:OGZPY) and five European companies – Royal Dutch Shell (RDS.A, RDS.B), BASF’s (OTCQX:BASFY) Wintershall, Engie (OTCPK:ENGIY), OMV (OTCPK:OMVJF) and Uniper (OTC:UNPPY) – last month started preparatory work in the Greifswald bay off Germany’s Baltic coast on a new twin pipeline that will double Russia’s export capacity of 55B cm to Germany.
  • Separately, Gazprom CEO Alexei Miller says the company can set a new gas export record of nearly 200B cm this year, up nearly 3% Y/Y, breaking last year’s record volume of 194.4B cm of gas to Europe and Turkey.
  • read more

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    The World’s Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog

    ,

    Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp.

    The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales due to lofty commodity prices. Irving, Texas-based Exxon came in at 13th, the same as last year. read more

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    As Trump Riles Europe on Trade, Putin Offers More Natural Gas

    …the EU may protect the companies financing Nord Stream 2. Those include Royal Dutch Shell Plc…

    By William Wilkes and Ewa Krukowska
    4 June 2018, 05:00 BST

    As Donald Trump’s trade policy risk worsening economic conflict with Europe Union, Russia’s Vladimir Putin is strengthening ties with the region.

    Putin will mark 50 years of gas exports to Europe at an event in Vienna on Tuesday. A controversial 9.5 billion-euro ($11 billion) pipeline to feed more supplies from Siberia directly into Germany is progressing despite a U.S. sanctions threat. And Moscow-based Gazprom PJSC last month settled a seven-year-old pricing dispute with the European Union, enabling it to expand its market share. read more

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    Polish Foreign Ministry to Advise Germany Against Nord Stream 2 After Salisbury

    Sputniik International (Russian Publisher) 19 March 2018

    WARSAW (Sputnik) – Poland will try to convince Germany to reconsider the Nord Stream 2 pipeline in the wake of the nerve agent attack on former Russian intelligence officer Skripal in London, Polish Secretary of State for European Affairs Konrad Szymanski said Monday.

    “[Nord Stream 2] will surely be the most important issue of the talks, because after Salisbury we have a new situation. It is, beyond doubt, one of the aspects of Russian policy regarding Europe, not regarding the UK. And we should consider once again whether Russia is a trustworthy partner… Nord Stream 2 carries only negative consequences, but Germany is an independent state as much as Poland,” Szymanski told RMF FM radio. read more

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    Gazprom and Shell review progress of joint LNG projects

    Published by Will Owen, Editorial Assistant Monday 19 March 2018

    Shell and Gazprom representatives have held a working meeting in St Petersburg to discuss the state and prospects of their strategic cooperation in the gas sector.

    Alexey Miller, Chairman of the Gazprom Management Committee, led the Gazprom delegation; and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, and his associates represented Shell.

    During the meeting, particular attention was paid to joint efforts in the LNG industry, especially the construction of the third train of the LNG plant within the Sakhalin II project. read more

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    Russian LNG Gas Reportedly Heads to UK Amid Record Cold Snap

    President Putin: Photo Credit: Kremlin.ru

    When cold weather strikes, Europe seems to come to an understanding that Russian energy deliveries to the continent carry a purely economic significance, not a political one.

    Deliveries of Russian liquefied natural gas (LNG) from Yamal in Siberia are set to arrive in the UK this week as the island nation struggles to dig out from Storm Emma, the Financial Times reported.

    The LNG will be delivered to the UK by Royal Dutch Shell, two sources familiar with the shipment have said. The gas will be picked up this weekend, and delivered to an LNG terminal in Milford Haven, Wales, where it will be regasified and pumped into the UK network by March 6. read more

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    Yedlin: East Coast LNG projects quietly moving forward

    Local Input~ Aerial View of the Bear Head LNG Project Site, Nova Scotia, Canada. Photo: Courtesy of Liquefied Natural Gas Limited. 0211 biz gmo bearhead

    DEBORAH YEDLIN, CALGARY HERALD: 24 FEB 2018

    Lost in the hyper-focus on British Columbia and its persistent obstruction of energy infrastructure development is the East Coast, where two liquefied natural gas projects are quietly moving forward in Nova Scotia.

    Both Bear Head LNG to be located on the north bank of the Strait of Canso and Pieridae Energy in Goldboro are at different phases of their progress, but unlike what’s going on in B.C. there is a marked absence of opposition. read more

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    Kashagan output crosses 300,000 b/d, but ‘giant’ increases unlikely: Shell executive

    London (Platts)–23 Feb 2018 510 am EST/1010 GMT

    Kazakhstan’s giant Kashagan oil field is achieving new production highs every month and has done better than 300,000 b/d, but development beyond the current phase is likely to be about “discretionary step-ups” rather than giant steps, Shell country chair and vice president Olivier Lazare said Thursday.

    Speaking at the IP Week conference in London, Lazare declined to specify the current production level, saying there were still reliability issues with the first phase, which started producing in 2016 after more than $50 billion of investment and multiple delays, and has a target of 370,000 b/d. read more

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    From PortNews: December 15, 2017

    On 14 December 2017, joint delegation of Gazprom and Shell visited Commercial Sea Port of Ust-Luga, JSC to discuss cooperation under Baltic LNG project, says the press center of CSPU.

    An LNG plant able to produce 10 mln t per year for export shipments by sea-going ships is to be built at the port of Ust-Luga, north of CSPU.

    Representatives of the delegation (17 members) visited Yug-2 terminal and discussed a number of issues related to transshipment of oversized equipment intended for the LNG plant. read more

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    Gazprom and Shell Discuss LNG projects and Nord Stream 2

    A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today.

    Posted by OilVoice Press – OilVoice: 22-Nov-2017

    The meeting addressed relevant aspects of strategic cooperation.

    Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third train of the LNG plant on Sakhalin Island and the progress of the Joint Study Framework Agreement for the Baltic LNG project.

    The meeting also focused on the Nord Stream 2 project.

    Background

    Royal Dutch Shell is a British-Dutch oil and gas holding company focused on hydrocarbon production, processing and marketing in over 90 countries worldwide. read more

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    Africa should create gas pricing index as demand rises – ministers

    * Africa gas market tiny but growing fast

    * Electricity generation is main growth driver 

    * Unified pricing system tough in undeveloped markets

    “It would be extremely difficult to find a unified pricing system in Africa at the source. If one day Africa is well-connected with pipelines and many different sources, then maybe an index,” said Mounir Bouaziz, Royal Dutch Shell’s vice president for new business development.

    By Wendell Roelf and Ed Stoddard

    CAPE TOWN, Oct 26 (Reuters) – Africa should develop a gas pricing index based on the cost of electricity set midway between existing global benchmarks to ensure fairer pricing in new export projects on the continent, two African ministers said.

    The idea is being floated when the world’s poorest continent, where 600 million people are without electricity, is turning to liquefied natural gas (LNG) as a cheaper way to power up amid plentiful global supply. read more

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    Gazprom and Shell confirm their interest in implementation of Baltic LNG project

    2017 October 5 15:37

    Gazprom and Shell have confirmed their interest in implementation of the Baltic LNG project, IAA PortNews correspondent cites Aleksandr Medvedev, Deputy Chairman of the Board, Gazprom, and Maarten Wetselaar, Integrated Gas and New Energies Director, Shell, as saying at the 7th St. Petersburg International Gas Forum (SPIGF-2017).

    “Baltic LNG project will develop and we are participating in it financially”, said Maarten Wetselaar.

    According to Shell, global LNG demand is 265 mln t per year and its growth prospects are good, particularly due to the markets of China, India and other Asian countries. read more

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    Ukraine works to chart new energy strategy

    Ukraine works to chart new energy strategy

    Royal Dutch Shell at one point had a contract to explore what the Ukrainian government said was an area said to contain about 4 trillion cubic feet of shale natural gas.

    By Daniel J. Graeber

    Aug. 21 (UPI) — A Ukrainian government working to break out from under a Russian shadow said it’s developed a road map for a sustainable energy future.

    Ukrainian energy security issues pre-date the outbreak of conflict that reached its zenith when Russia annexed the Crimean Peninsula in 2014. Former Prime Minister Yulia Tymoshenko was sentenced to seven years in prison a few years before the conflict on charges she abused authority when she helped broker a 2009 natural gas deal with Russia’s Gazprom. She later faced a $2.4 million suit for mismanaging her country’s United Energy Systems in the 1990s. read more

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    Kazakhstan: US sanctions will not affect oil projects

    Kazakhstan: US sanctions will not affect oil projects

    by: : 8 Aug 2017

    New US sanctions against Russia will not affect multi-billion dollar oil projects in Kazakhstan backed by Chevron, ExxonMobil and other western energy majors, the country’s economy minister has said. Italy’s Eni, France’s Total, Exxon and Royal Dutch Shell all hold stakes in Kashagan, another Kazakh oil field. The decision to expand sanctions… was taken to primarily target Gazprom’s under-construction Nord Stream 2 gas pipeline to Germany… partially funded by… Shell… FULL FT ARTICLE read more

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    Russian pipeline projects likely to go ahead despite sanctions, analysts say

    Aug. 3, 2017 11:49 AM ET|By: , SA News Editor

    New U.S. sanctions will make it harder and more expensive for Russia to build the Nord Stream 2 and TurkStream gas export pipelines to Europe, but analysts say the two Gazprom-led (OTCPK:OGZPY) projects are unlikely to be stopped.

    But the sanctions bill, which had the overwhelming support of the U.S. Congress before it was signed by Pres. Trump, throws into doubt the €4.75B pledged by European companies including Royal Dutch Shell (RDS.A, RDS.B), Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF) to help fund Nord Stream 2 and could threaten other projects. read more

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    Warning of US sanctions ‘disaster’ for Russia energy projects

    By: Henry Foy in Moscow and Andrew Ward in London

    International energy investments in Russia will suffer from new US sanctions imposed on Moscow, executives have warned… A senior executive at a western oil group with a large presence in Russia told the Financial Times that the new sanctions “could be a disaster” given its current business in the country. Mr van Beurden said Shell had authorisation from Dutch authorities to press ahead with financing of Nord Stream 2, but was waiting to see how the US situation “evolves.” read more

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    EU warns U.S. it may respond swiftly to counter new sanctions on Russia

    A list prepared by the EU executive, seen by Reuters, shows eight projects including those involving oil majors Anglo-Dutch Shell, BP and Italy’s Eni that risk falling foul of the U.S. measures. EU officials warn the U.S. measures would also hit plans for the LNG plant on the Gulf of Finland in which Shell is partnering with Gazprom.

    Alissa de Carbonnel: 26 July 2017

    BRUSSELS (Reuters) – The European Union warned on Wednesday that it was ready to act within days to counter proposed new U.S. sanctions on Russia, saying they would harm the bloc’s energy security.

    Sanctions legislation overwhelmingly approved by the U.S. House of Representatives on Tuesday has angered EU officials: they see it as breaking transatlantic unity in the West’s response to Moscow’s annexation of Crimea from Ukraine in 2014 and its support for separatists in eastern Ukraine. read more

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    Iran Looks To Close More Deals But Oil Majors Are Cautious

    By Gregory Brew – Jul 18, 2017, 9:30 AM CDT

    Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted oil production would reach 4 million bpd by the end of 2017, and certainly exceed that level by the end of the Iranian calendar year (March 2018).

    Since international sanctions on its oil and gas industry were lifted in January 2016, Iran has managed to increase production to pre-sanctions levels, reaching 3.8 million in May 2017, the highest level in seven years. But 4 million bpd, long a national goal and symbolic of a full recovery, is now within reach. read more

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    Oil majors among top contributors to greenhouse emissions, report says

    by

    More than half of global industrial emissions can be traced back to just 25 corporate and state producing entities, the report says.

    China, India and Russia’s coal industries and major oil and gas players like Saudi Aramco, Gazprom, ExxonMobil, BP and Shell are among those named in the paper from CDP, formerly the Carbon Disclosure Project.

    The research found that 100 active fossil fuel producers were linked to 71% of global industrial greenhouse gases since 1988. read more

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    Shell No.9 in Top 100 greenhouse gas emitters since 1988

    Jon Yeomans: 

    The Chinese coal industry and stock market debutant Saudi Aramco have been named as the world’s biggest emitters of carbon dioxide.

    As new data claims to have identified the top 100 emitters of greenhouse gases over the last three decades, a leading NGO has warned that natural  resources companies need to transform their business models to adapt to a low-carbon future.

    Just 100 firms are responsible for 71pc of carbon dioxide gases released into the atmosphere since 1988, the year that climate change was first recognised as an international problem, according a report by the Carbon Disclosure Project (CDP). read more

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    EU energy groups criticise US sanctions threats to Nord Stream pipeline

    by: in Paris and in Moscow: 10 July 2017

    Engie, Britain’s Royal Dutch Shell, Austria’s OMV and German companies Uniper and Wintershall have agreed to fund half the cost of the €9.5bn Nord Stream 2 pipeline being built by Gazprom between Russia and Germany. Supporters say the project is critical to safeguarding future gas supplies to the EU.

    FULL FT ARTICLE

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    Gazprom and Shell CEO’s sign JV agreements

    By New Europe Online/KG

    Royal Dutch Shell and Russian gas monopoly Gazprom have signed two agreements on the Baltic liquefied natural gas (LNG) project.

    Gazprom CEO Alexey Miller and Shell CEO Ben van Beurden signed the agreements at the St. Petersburg International Economic Forum 2017 on June 3.

    The first agreement to sign a joint venture, which will secure financing for and carry out the design, construction and operation of the LNG plant in the Leningrad Region. Based on that concept, Gazprom and Shell will take further steps in the implementation of the Baltic LNG project. read more

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    Gazprom Neft and Shell

    1 june 2017

    Gazprom Neft and Shell have used the occasion of this year’s St Petersburg International Economic Forum to sign a Memorandum of Understanding. Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Olivier Lazar, Country Chair, Shell Russia, have both put their signatures to a document confirming both companies’ intention of promoting further cooperation.

    Both sides have confirmed their intention of continuing negotiations on the Khanty-Mansiysky Oil and Gas Union’s provisional assessment of a range of non-shale oil deposits in Eastern Siberia, including the Achimovsky deposits in the Yamalo-Nenets Autonomous Okrug. In addition to this, Gazprom Neft and Shell have committed to undertake geological prospecting of license blocks in the Khanty-Mansiysk Autonomous Okrug, adjoining licence blocks owned by Salym Petroleum Development N.V.,* through that enterprise. read more

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    Gazprom, Shell review LNG opportunities

    By Daniel J. Graeber: May 30, 2017

    May 30 (UPI) — Russian energy company Gazprom said it signed agreements with Royal Dutch Shell that could expand on bilateral deals related to liquefied natural gas.

    Gazprom Chairman Alexei Miller hosted delegates from Shell at his Moscow office to discuss future collaboration on projects covered under strategic cooperation agreements from 2015.

    Gazprom holds a 50 percent stake in the Sakhalin liquefied natural gas project on Russia’s far eastern coast, while Shell controls a 27.5 percent stake. Japanese companies hold the remaining interest. read more

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    Gazprom and Shell discuss joint prospects under Agreement of Strategic Cooperation

    Royal Dutch Shell is a British-Dutch oil and gas company focused on hydrocarbon production, processing and marketing in over 90 countries worldwide.

    Gazprom and Shell are jointly engaged in the Sakhalin II project, which includes Russia’s only active LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. (Gazprom – 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui – 12.5 per cent, and Mitsubishi – 10 per cent). In 2015, Gazprom and Shell signed the Memorandum to construct the third production train of the LNG plant, as well as the Agreement of Strategic Cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap. read more

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    Royal Dutch Shell & Others Sign Financing Deals For Gazprom’s Nord Stream 2 Project

    April 24, 2017, 11:49:10 AM EDT By MT Newswires

    American depository shares of Royal Dutch Shell (RDS.A, RDS.B) were up nearly 2% Monday after the oil major said it and four European energy firms signed financing agreements for Gazprom’s proposed Nord Stream 2 pipeline project. Shell said each of the five energy companies has committed to provide financing and guarantees for up to 10% of the total cost of the Nord Stream 2 project, which is currently estimated at EUR9.5 billion ($10.3 billion). read more

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    Gazprom and Shell Reaffirm Strategic Cooperation

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    By MarEx 2016-10-05 19:55:14

    Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, discussed developments in their strategic cooperation, signed in 2015, this week at the sixth St. Petersburg International Gas Forum.

    The parties discussed a wide range of issues related to the development of strategic partnership in the energy sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). It was noted that the preparation of design and FEED documentation is nearing completion. read more

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    Russia sets eyes on Baltic energy market

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    cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgBy Daniel J. Graeber

    Russian energy company Gazprom is reviewing options for highly maneuverable gas shipments from Baltic states aside from pipeline commitments, an official said.

    Alexander Medvedev, the deputy CEO at Gazprom, said the company signed an agreement with Dutch supermajor Shell to review marketing options for liquefied natural gas from eastern European states bordering the Baltic Sea.

    “The memorandum with Shell on the marketing model was signed yesterday for the Baltic LNG,” he was quoted by state news agency Tass as saying. read more

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    Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

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    screen-shot-2016-09-28-at-11-44-04Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

    By Katya Golubkova | YUZHNO-SAKHALINSK/PRIGORODNOYE, RUSSIA: Thu Sep 29, 2016 | 2:25am EDT

    Gazprom said on Thursday it plans to launch a third liquefied natural gas (LNG) production train at the Sakhalin-2 LNG plant in 2021, possibly fed by a newly drilled field, as Russian companies seek to boost their share of the global LNG market.

    Russia accounts for less than 5 percent of the global LNG market but new plants are being built or considered by Novatek, Gazprom and Rosneft.

    Located at Prigorodnoye on Sakhalin island, Sakhalin-2, Russia’s sole LNG plant, operates two production lines with a combined capacity of 10 million tonnes of LNG per year. The third train should add another 5 million tonnes. read more

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    Russia’s Sakhalin-2 partners agree on LNG marketing strategy for third train – Shell

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    screen-shot-2016-09-28-at-11-44-04YUZHNO-SAKHALINSK, Russia, Sept 28 (Reuters) – Partners at Russia’s Sakhalin-2, the sole liquefied natural gas (LNG) plant in the country, have agreed on the strategy of marketing LNG from the planned third train, Olivier Lazare, head of Royal Dutch Shell in Russia, told a conference.

    Sakhalin-2 is currently operating two LNG production trains with combined capacity of around 10 million tonnes of LNG per year. The planned third train should add another 5 million tonnes of annual capacity. read more

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    Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end

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    ST PETERSBURG, RUSSIA | BY DENIS PINCHUK AND DMITRY ZHDANNIKOVMon Jun 20, 2016 8:29am EDT

    Russia’s state-controlled gas giant Gazprom (GAZP.MM) could gain control over some of the assets that Shell (RDSa.L) acquired earlier this year from BG group, a senior Gazprom executive said in an interview.

    Gazprom’s Deputy Chief Executive Alexander Medvedev said the BG holdings could be included in an asset swap deal between Gazprom and Shell that was announced last year. He did not say what the BG holdings were or where they were located. read more

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    Gazprom and Shell committed to broader cooperation in LNG sector

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    Gazprom and Shell committed to broader cooperation in LNG sector

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    Greenpeace image relating to Shell/Russia Arctic Drilling Plans

    June 16, 2016, 17:30

    A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, took place today at the St. Petersburg International Economic Forum 2016.

    The parties discussed the progress of and prospects for strategic cooperation in the LNG sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). Design and FEED documentation are currently being prepared for the new production train. read more

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    Western leaders, CEOs visit Russia amid sanctions fatigue

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    Shell CEO Ben van Beurden bows to President Putin of Russia.

    NATALIYA VASILYEVA, ASSOCIATED PRESS: June 15, 2016 Updated: June 16, 2016 1:29pm

    Following a meeting with Putin, Royal Dutch Shell’s CEO Ben van Beurden and state-owned gas giant Gazprom announced plans to build an LNG plant in Russia together. France’s Total is working with Russia’s largely private gas producer on a liquefied natural gas project.

    The fact that the CEOs of top American companies have in a sense defied their government shows that they put their business interests before any political considerations, analysts say. read more

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    Gazprom, Shell to invest $13 bln in projects in Russia – Russian Energy Minister

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    Shell CEO Ben van Beurden bows to Russian President Putin at the Kremlin: April 2014

    Thu Jun 16, 2016

    ST PETERSBURG, Russia, June 16 (Reuters) – Energy major Shell and Russia’s gas major Gazprom will jointly invest $13 billion in three projects in Russia, Russian Energy Minister Alexander Novak said on Thursday.

    Novak said that Shell would take part in the development of Gazprom’s Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific.

    The two companies will also jointly invest in the Baltic Sea Liquefied Natural Gas plant and in the Sakhalin-2 LNG plant expansion. read more

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    Gazprom, Shell sign memo on Baltic LNG project

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    Shell CEO Ben van Beurden bows to President Putin

    Thu Jun 16, 2016 8:11am EDT

    Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural gas (LNG) plant on the Russian coast of the Baltic Sea.

    The memorandum says the companies will look into possibilities of building the LNG plant in the port of Ust-Luga with an annual capacity of 10 million tonnes.

    Gazprom and Shell are already partners in Russia’s only LNG plant on the Pacific island of Sakhalin which has a capacity of 10 million tonnes per year. read more

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    Shell & Gazprom agree Baltic LNG project

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    Screen Shot 2016-05-21 at 10.18.2816 June 2016 

    Russia’s Gazprom and Anglo-Dutch energy major Shell have inked a letter of understanding to begin a liquefied natural gas project at the Russian port of Ust-Luga on the Baltic Sea.

    CEOs Aleksey Miller and Ben van Beurden signed the agreement at the 20th International Economic Forum in St. Petersburg.

    The project aims to diversify Gazprom’s LNG sales operations and to boost its LNG portfolio.

    The enterprise will reportedly include a two-train LNG plant as well as a pipeline connected to the Gazprom network. The Baltic LNG Plant will have a capacity of about 10 million tons of gas annually with an option to expand to 15 million tons. The new plant will start operating in December 2021. read more

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    Russia’s Putin says Shell is long-term, reliable partner

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    Screen Shot 2016-05-21 at 10.18.28Thu Jun 16, 2016 11:29am GMT

    ST PETERSBURG, Russia, June 16 (Reuters) – President Vladimir Putin said on Thursday Royal Dutch Shell was a long-term and reliable partner for Russia.

    Putin, who is attending the annual St Petersburg International Economic Forum, made his remarks after Shell CEO Ben van Beurden asked the Russian leader to help support the company’s Russian business.

    Van Beurden said Shell had made a lot of progress in its Sakhalin-2 LNG project with Russian gas giant Gazprom. read more

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    Royal Dutch Shell plc (ADR) to Increase Exposure to LNG Market

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    By Staff WriterJun 15, 2016

    Royal Dutch Shell plc (ADR) (NYSE:RDS.A) plans to further strengthen its foothold in the liquefied natural gas (LNG) market, as according to Reuters, the company will sign the Baltic LNG project deal with Russian energy giant, Gazprom in the coming days. The multi-billion dollar deal with London-based BG Group has already increased the company’s exposure to the LNG segment.

    According to news sources, Shell CEO, Ben van Beurden, will sign the deal at the International Economic Forum in St. Petersburg. Russian President, Vladimir Putin, is also expected to attend the meeting. read more

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    Russia’s Gazprom, Shell to sign deal on Baltic LNG project – Kremlin

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    Screen Shot 2016-06-14 at 16.44.45Tue Jun 14, 2016 1:32pm GMT

    MOSCOW, June 14 (Reuters) – Russian gas giant Gazprom and oil major Shell will sign a deal on a planned Baltic liquefied natural gas (LNG) project on the sidelines of a forum in St. Petersburg later this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.

    He said the deal will be signed in the presence of Russian President Vladimir Putin, who will meet Shell’s Chief Executive Ben van Beurden at the forum.

    Gazprom plans to build the plant, which may produce up to 20 million tonnes of LNG per year, by December 2021. read more

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    Dutch Take On Gazprom in Battle Over Europe’s Oil-Linked Gas

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    Screen Shot 2016-05-13 at 10.52.28The legal action coincides with government curbs on output after earthquakes in the Netherlands…

    By Kelly Gilblom: May 18, 2016

    In its new role as a natural gas importer, the Netherlands wants to make sure it doesn’t overpay.

    GasTerra BV, the nation’s biggest buyer and seller of gas, initiated arbitration against Gazprom PJSC’s export unit, the Russian company said Monday. It is seeking a price review for fuel purchased from Europe’s largest supplier under a long-term contract linked to oil, which has rallied this year as the price on gas hubs extended declines.

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    The legal action coincides with government curbs on output after earthquakes in the Netherlands, home to the European Union’s largest gas field, which turned it into a net importer of the fuel. Utilities from Germany’s RWE AG to Turkey’s Botas Boru Hatlari Ile Petrol Tasima AS filed arbitration claims against Gazprom PJSC’s export unit after market prices fell below contract rates, with EON SE and Engie SA settling cases with Europe’s biggest gas supplier this year. read more

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