Εμφάνιση αναρτήσεων με ετικέτα The Yamal project. Εμφάνιση όλων των αναρτήσεων
Εμφάνιση αναρτήσεων με ετικέτα The Yamal project. Εμφάνιση όλων των αναρτήσεων

Πέμπτη, 17 Ιουλίου 2014

Russian energy industry to lose $150-200 billion on fresh sanctions (to hit the plans to develop Arctic offshore fields)

Newly adopted Western sanctions against Russia will inflict at least $150-200 billion of losses upon the Russian energy industry, head of the advisory firm Creon Energy working in this field, Fares Kilzie, told ITAR-TASS.
“These are not some random sanctions - they are solely targeted against Russia’s and Russian energy sector’s sore points,” the expert said. “These are intercorporate sanctions that hit certain companies and certain interests.” In particular, sanctions against Rosneft hit the plans to develop Arctic offshore fields and liquefied natural gas (LNG) sector, while measures against Novatek are aimed at hampering plans with Yamal LNG project.

Meanwhile, Gazprombank will have its equipment and energy plans affected, Kilzie believes.
“Gazprombank does not only hold 49% of Vladivostok LNG - one of its subsidiaries is the United Heavy Machinery Plants (OMZ) operating in import substitution. The companies’ losses will be increasing,” Kilzie said. “All major projects are monopolized by a certain group. A blow to this group’s investments leads to investment losses of others - those who wait for these offshore or LNG projects, namely logistics, transport, technological and technical companies.”
Moreover, the expert is sure sanctions will be expanded and spread onto second-and third-tier companies. 

“I have no doubt at all that the next salvo will be at the second tier. The first tier is the source of ideology and financing for all major energy projects. The second tier comprises contractors. Judging from the sanction list alone, the Russian companies will lose $150-200 billion. Novatek project alone costs more than $20 billion,” said the expert.
According to Kilzie, sanction architects have good understanding of the Russian energy sector. “The list of companies indicates good knowledge of our energy decision-making matrix. Sanctions are really proactive. Modern energy consultants in the West work consistently,” Kilzie said.
http://en.itar-tass.com/world/741115
17/7/14
--
-
Related:

Παρασκευή, 20 Ιουνίου 2014

Further US Sanctions May Hamper Russia's Yamal LNG (Report)

Photo: www.arcticgas.gov
The Yamal liquefied natural gas (LNG) project in Russia's Arctic may come under threat, if Washington sanctions technology exports to the Russian oil and gas industry, a senior executive at France’s Total told the Financial Times Thursday. 

Yves-Louis Darricarrère, the head of Exploration and Production at Total, told the FT the project’s reliance on US technology highlights the interdependence of Russia and the rest of the world.
“Yes we need US technology,” Darricarrère said. “Oil and gas industry technology comes from many countries in the world. That’s why we need co-operation not confrontation.”
The CEO of Novatek, Russia's largest independent natural gas producer, Leonid Mikhelson, said Wednesday the West’s sanctions against Russia have not affected project financing plans.

Darricarrère said the project involves many participants, including Russian and Chinese banks that have allowed it to remain on track. However, the French executive said sanctions on the use of Western technology would be a challenge, adding that the project was relying on US technology for its cooling system.

The US hinted that further sanctions against Moscow could result in restrictions on the sale of US technology to the oil and gas sector.
Yamal LNG, a proposed liquefied natural gas plant in Sabetta, northeast of the Yamal Peninsula, involves the construction of facilities to supply 16.5 million tons of LNG per year from the South Tambeyskoye resource base.

The project, which includes the construction of a seaport, airport and power plant, is valued at $26.9 billion. French oil major Total has a 20 percent stake in the project.
Earlier, the US imposed sanctions on a number of Russian officials and 17 companies, following the country’s reunification with Crimea, a former republic within Ukraine that held referendum on secession in March. Washington has also repeatedly threatened Moscow with tougher economic sanctions. Russia’s Foreign Ministry has labelled such measures counterproductive and warned of the boomerang effect they might have.
MOSCOW, June 19 (RIA Novosti)
--
-

Οι νεκροί Έλληνες στα μακεδονικά χώματα σάς κοιτούν με οργή

«Παριστάνετε τα "καλά παιδιά" ελπίζοντας στη στήριξη του διεθνή παράγοντα για να παραμείνετε στην εξουσία», ήταν η κατηγορία πο...