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... Gazprom-controlled company said Saturday. "We responded in a timely manner to the energy needs of our neighbor, which dramatically rose last year in view of the devastating tsunami and the Fukushima disaster," Andrei Galayev, chief of the Sakhalin Energy consortium, said in a report. "The company promptly provided assistance by delivering extra cargoes of LNG to Japanese buyers to cover their energy shortfall." It additionally supplied 2 million tons of the gas converted to...
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Gazprom and Japan Discuss Pipeline
4 May 2012
By Anatoly Medetsky / The Moscow Times
... foreign minister, said at a news conference in Moscow, RIA-Novosti reported. Since the tsunami cast a shadow on Japan's nuclear-power future, the island country has increased its purchases of liquefied Russian gas originating at the Gazprom-controlled Sakhalin offshore fields. Pipeline gas is generally cheaper than the liquefied commodity that Japan receives by tankers. But pipelines deprive the supplier of flexibility and typically require elaborate long-term contracts. Maehara, a member of the parliament's...
For the Record
15 May 2012
Mobile TeleSystems, VimpelCom, MegFon and Rostelecom have signed a letter of intent to jointly lay an underwater fiber-optic line between Sakhalin Island, the Magadan region and Kamchatka in the Far East, the country’s top four telecoms providers said in a joint statement, Interfax reported. (MT) Miner Polymetal has sold a stake in its noncore gold deposit Veduga to Polygon Gold...
China Makes New Gas Proposal
2 May 2012
Combined Reports
... has meanwhile ordered Gazprom to build new coastal plants to liquefy gas for delivery by tanker. But Russia's nascent LNG strategy may not yield substantial sales to China, because Russia's sources of gas, except the fields off the Pacific island of Sakhalin, are far from the potential sites of coastal LNG plants, far from Asian markets, or both, which could make them too costly to compete. China is pursuing unconventional gas production at home and is confronted with a widening array of potential...
Legal Round Table: Developments in the Field
17 May 2012
By Peter Spinella
... bigger firms, partly due to the enhanced presence of some international law firms). John Hammond, Senior Partner, CMS, Russia Energy & Natural Resources We represented Gazprom on the asset swap it did with BASF, Shell on the disposal of a stake in the Sakhalin-2 project, and OMV on the sale of its Russian upstream interests. The other major achievement for us was to develop our energy dispute resolution team. We use English law every day, and most of the agreements we draft and negotiate are under...
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