Armenia

Armenia not to be shipped Russian gas due to a repair of a gas pipeline in Georgia

​The shipment of the Russian gas to Armenia is terminated for a month due to the repair of the gas pipeline in Georgia, “Gazprom Armenia” (Gazprom’s affiliate) announced today
The gas transportation company of Georgia officially notified “Gazprom Armenia” of a temporary shutdown of gas supply to  Armenia from July 10th until August 10th, is reported.
The reason is the recovery of damaged parts, replacement of linear cranes at the route gas pipeline “Kazakh-Saguramo” in Georgia, connection of the constructed new site.
The uninterrupted gas supply to Armenia will be held on the account of the reserves of the Abovyansky station of underground gas storage, the company said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Interview with Vitaliy Nesis, the chief of Polymetal Int

Interview with Vitaliy Nesis, the chief of Polymetal Int
Q. : What is Polymetal Int going to perform for optimization of the work of Kapansky GOK purchased recently? How will you execute additional loading of the enterprise with raw materials? What indices are you going to achieve?
A. : Nowadays the processing capacities of Kapansky GOK are loaded by less than one half.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom plans to increase capacity of underground gas storages in Russia by heating season of 2016-2017

Gazprom has planned to increase the capacity of underground gas storage facilities in Russia for the autumn-winter period of 2016-2017 to a record level in the history of the Russian gas industry. This was announced  by Gazprom on June 1, 2016.
The maximum potential daily capacity of the storages on the territory of Russia by the beginning of the heating season of 2015-2016 was increased by 2.5% compared with the previous season to 789.9 million cubic meters. Over the past 5 years, this figure grew by 22%.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

From July 1, Gazprom to reduce gas price for Armenia

"The natural gas tariff for subscribers that consume up to 10 thousand cubic meters of gas per month will decrease from 156 drams to 146.7 drams ($0.32 to $0.30) per 1 cubic meter. For those who consume more than this amount, the price will be reduced from $276.98 to $257.56 per 1 thousand cubic meters (excluding VAT) in Armenian drams equivalent," - said head of the Commission on regulation of public services Robert Nazaryan.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Novatek plans to invest over 25 billion roubles into wharf construction in Murmansk region

The deputy governor of the Murmansk region G. Stratiy informed that Novatek planned to invest over 25 billion roubles into construction of the centre for building large capacity marine facilities for its Arctic shelf project.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russia and Armenia to agree on gas supply, D.Medvedev

Russia and Armenia agreed on the supply of gas. Russian gas supply is very important for stability of energy consumption in Armenia and the development of the republic, D.Medvedev states.
The Government of Armenia applied to the Russian Governmnet with the request to reduce gas price. Under the Armenian-Russian protocol, signed on September 7, 2015, the base price for gas was reduced from $189 to $165 per a thousand cubic meters.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom not to get money from Tbilisi

Gazprom hasn’t managed to agree with Georgia on the transition to cash payments for gas, supplied to the country. As a result, Tbilisi, as before, will receive 10% of transit gas coming to Armenia from Russia. Azerbaijan agreed to supply additional volumes for Georgia, although last year it faced with a deficit of produced gas. According to experts, Tbilisi can afford not to make concessions to Gazprom, while Baku has access to Russian gas supplies and due to them can increase exports to Georgia.
Georgia doesn’t need additional volumes of gas imports from Russia and Iran after signing the contract for the delivery of 500 million cubic meters from Azerbaijan, the Deputy Prime Minister, Minister of Energy of Georgia Kakha Kaladze said last week. "The gas supply of the country will be provided for several years," - the official said. On Friday, the Government of Georgia and the Azerbaijani state oil company SOCAR signed a corresponding agreement. Thus, the supply of gas from Azerbaijan, taking into account the current contract, could rise to 1.5 billion cubic meters. Prior to that, SOCAR delivered about 800 million cubic meters of gas from the Shah-Deniz field. Georgia needed additional gas, as its consumption in the country increased by 40% since 2012, to about 2 billion cubic meters per year.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Polymetal buys gold ore deposit in Armenia

Polymetal continues its expansion in Armenia: the company is going to buy the Kapan gold ore deposit with working GOK, on ​​the basis of which it plans to create a hub for processing, for $50 million in cash and shares. For a while, the asset is unprofitable, and Polymetal will have to improve the productivity at the Kapan deposit and to reduce the costs. Other Russian miners didn’t pay much attention to Armenia, but the country virtually has no large explored deposits, except the Kapan one.
Polymetal is going to buy the active asset Kapan in Armenia – a deposit with resources of 2.6 million gold equivalent ounces (1.4 million ounces of gold, 24 million ounces of silver and 80 tons of copper and 270 thousand tons of zinc, the average gold content is 5 grams per ton), processing plant and infrastructure from Canadian company Dundee Precious Metals Inc.. According to the company, Polymetal will purchase 100% of the Armenian Dundee Precious Metals Kapan, paying $15 million with its new shares (approximately 0.04% of the total amount is in circulation) and $10 million in cash. Polymetal also will pay Dundee annually 2% of royalty on the Kapan project, the total payout is limited with $25 million. The closing of the transaction requires the approval of Dundee creditors (European and Canadian banks), in which shares in assets, including Kapan (the size of the package is not disclosed) are pledged on loans for $32.5 million and regulators. The deal is expected to be closed no later than on June 30.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Turkmenistan begins to build TAPI.

Turkmenistan begins to build TAPI without solving the key challenges of the project.
Turkmenistan started the construction of TAPI gas pipeline to India. However, currently the prospects of the project worth $ 10 billion remain uncertain: no western company was included into the consortium for the construction of the pipe. It is also unknown who will build and provide security for the Afghan section of the gas pipeline.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom plans to ship gas to Armenia not only via Georgia

​The issue of the supplies of Russian gas to Armenia was one of the key ones at the meeting of Gazprom’s head, A. Miller, with the Vice-PM, Minister of Energy of Georgia, K. Kaladze, yesterday in Luxembourg. Now gas is pumped from Russia to Armenia via Georgia. The parties discussed the alternative routes of pumping.
Gazprom considers an opportunity of gas supply to Armenia via Iran. For that purpose the variants of exchange operations are worked out with the Iranian producers. Mr. Miller confirmed the discussion of this issue with the Minister of Energy of Georgia.
Georgia receives gas in exchange for gas transit of Gazprom and thus covers 10% of its needs in gas. In 2014 Russia shipped 300 mln cubic m to Georgia. Georgia terminated the direct gas import from Russia in 2006 due to the escalation of political relationships between 2 countries.
Now Georgia started to speak about the perspective of growing gas supplies from Russia. In late September Mr. Miller and Mr. Kaladze discussed the variants of expansion of cooperation. However, it caused a contradiction of the opposition in Georgia which in October held 2 meetings opposing a possible expansion of Gazprom in the local market.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer