Eastern Europe

Gazprom schemes delayed

Russia’s Gazprom has pushed back production targets for the Baltic LNG project and the third train expansion at its Sakhalin 2 development by between two to three years, with a company spokesperson saying the decision was based on the need to assess the market environment.

Tax break call for Baltic bid

A senior Shell official in Russia suggested this week that the proposed Baltic liquefied natural gas project that would be led by gas giant Gazprom will need tax concessions in order to become competitive, writes Vladimir Afanasiev.

Russneft campaign

Private Russian oil company Russneft is to pursue a long-discussed project to drill a set of 16 wells into the Bazhenov reservoir at its Middle Shapkinskoye field.

Sakhalin 2 train delay

Russia’s Gazprom and Shell — its key partner in the Sakhalin 2 oil and gas development in the country’s far east — have pushed back the deadline for a final investment decision on the third train at the existing LNG plant in the south of the Sakhalin Island, to 2018.

Rosneft eyes Chechen exit

Russia’s Rosneft has asked for government approval to exit its oil producing business in the country’s Chechnya republic and transfer control to local authorities.