Thursday, November 14, 2019
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
Regional authorities in Russia's Far East are considering building a new pipeline to pump natural gas to energy-hungry China
Regional authorities in Russia's Far East are considering building a new pipeline to pump natural gas to energy-hungry China, a local governor said Wednesday. The governor of the Khabarovsk Territory, which borders north-east China, held talks on the pipeline with a representative of U.S. oil major ExxonMobil. Viktor Ishayev said after the meeting with Stephen Terni, president of ExxonMobil subsidiary Exxon Neftegaz Limited, that the proposed Okha-Komsomolsk-on-Amur-Khabarovsk-China pipeline, running from the island of Sakhalin off Russia's pacific coast via the Russian mainland to China would have projected capacity of 8 billion cubic meters per year. The governor said experts were assessing construction of the pipeline in parallel with the Sakhalin-Komsomolsk-on-Amur-Khabarovsk pipeline, which is slated to reach Khabarovsk in late 2006. Ishayev said he would sign authorization for Exxon to conduct a ground survey soon, but the final decision on the project would be made by the government. He said that under existing contracts, Exxon would supply 2 billion cubic meters of gas per year to the region, adding that the maximum capacity of the Sakhalin-Komsomolsk-on-Amur-Khabarovsk pipeline would be 4.5 bln cu m. The governor said construction of the De-Kastri oil terminal in the Khabarovsk Territory had also been discussed at the meeting with Tern, and that the terminal, from which oil could be shipped to buyers in the Asian Pacific region, is slated to be launched on October 4. Exxon Neftegaz Limited holds a 30% stake in the Sakhalin I project, the largest foreign direct investment project in Russia. Sakhalin-1 is an international consortium comprised of Exxon Neftegaz, Russia's Rosneft (20%), India's ONGC (20%), and Japan's SODECO (30%), to develop the Arkutun-Dagi, Odoptu, and Chaivo deposits on the island's northeastern shelf. Their recoverable reserves are estimated at 2.3 billion barrels of oil and 484 billion cu m (17.1 trillion cubic feet) of natural gas.
Related News
The Russian government has raised export duties on crude oil to a record $216.4 per metric ton starting August 1
Kazakhstan has banned launches of Russian Dnepr carrier rockets from its Baikonur space center following a crash on July 27
Ford Motor Company will invest up to $250 million in the production of new car models in Russia
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Russia's economics minister said Tuesday that independent natural gas producers should be granted access to foreign markets
The prime minister of Belarus said Tuesday the volume of the country's exports to its neighbor Russia would fall by almost 60% in 2006 to $6.5 billion
The arbitration court has announced Yukos bankrupt and authorized one-year bankruptcy administration
Russia plans to invest 160 billion rubles in the development of the country's power sector in 2007
Russia will not join the World Trade Organization this year and it might not happen in 2007 either
Russia will not join the World Trade Organization this year and it might not happen in 2007 either
The board of directors of Russian energy giant Gazprom has not yet considered the issue of buying assets from embattled oil company Yukos
Russia's economics ministry said Monday it had drafted a decree on the consolidation of regional airlines
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Alrosa said Monday its net profit was 2.6 billion rubles in April-June
The bird flu virus has not yet been eradicated in West Siberia's Tomsk Region
Russia will convert the remainder of its Soviet-era commercial debt into Eurobonds in September
Russia's conversion rocket Rokot is taking in a near-earth orbit the CompSat-2 South Korean satellite of remote probing of the Earth
One was killed and nine people injured in a serious traffic accident on a federal highway M-52 in the Altai region on Friday
TransCreditBank of Russia has obtained a $100 million syndicated loan from foreign banks
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Jul
August 2006
Sep
Mo
Tu
We
Th
Fr
Sa
Su
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10