Natural Gas Asia

Friday, July 29, 2016

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Gazprom Cuts Power of Siberia Spending for 2016

Gazprom has slashed expenditures for 2016 on the Power of Siberia pipeline to 170-180 bln rubles ($2.8 bn) from 200 bn rubles, TASS has reported. "As for the Power of Siberia last year I said that financing would stand at around 200 bn rubles in 2016 and 250 bln rubles in 2017. Now we see that in 2016...

Indian Consortium to Pay $3.3bn in September to Rosneft for Recent Stake Buy in Russian Assets

Indian Oil Corporation (IOC), Oil India (OIL) and Bharat PetroResources (BPRL) will pay $3.3 billion to Rosneft’s in September for the recent stake purchase in latter’s energy assets. Earlier this year, the consortium of the three state owned energy firms bought 29.9 percent stake in Taas-Yuryakh...

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