OIL AND GAS CONSULTING CENTER
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WEEKLY NEWS DIGEST 18-24.01.2016

 
We are bringing to your attention the latest news of oil and gas industry. In January the price of gas imported from Europe declined significantly to $190 per MCM. The price proposed by Gazprom for the 1Q 2016 is 11% higher - $212 per MCM. NJSC Naftogaz of Ukraine also announced the decrease of price for industrial consumers. Apart from the reduction of gas prices, one more important news of the market are the continuous negotiations on the sale of controlling pocket of shares of KUB-Gas. At the moment of publication, the deal was still not closed, however, it is on the final stage.
 
CONTENTS
 
OIL AND GAS FIELD WEEKLY REVIEW
UKRAINIAN COMPANIES
Naftogaz lowered gas prices for the industry
Rollins proposes to establish arbitration to resolve the issue of Ukrnafta’s tax debt
Yatsenyuk threatens to deprive Ukrnafta of oil production rights
Ukrgazdobycha intends to increase gas production up to 20 BCM in 2020
Ukrgazdobycha reduced gas production by 3.9% in 2015
MEDT drew Odgers Berndtson to select candidates for the Supervisory Board of Naftogaz
Yatsenyuk instructed to sanify Ukrnafta
Rollins keeps Ukrnafta out of inspection
INTERNATIONAL COMPANIES
BHP Billiton will write off the US shale assets worth 4.9 billion USD
Gazprom terminated contract with Turkmengaz
Ukraine may impose sanctions against Rosneft
Rosneft gave a comment regarding possible sanctions of Ukraine
Gazprom expects to export 160 BCM of gas in 2016
INFRASTRUCTURE
Ukraine acquires gas from Europe at 190 USD per thousand cubic meters and slightly cheaper
Ukraine reduced gas consumption by 20.9% for 12 months of 2015
Russians will pay 50% more for gas transit through Ukraine – the Minister
POLITICS AND WORLD
South Korea increased oil imports in 2015 up to a record mark against the background of low prices
British slate is going up for a breakthrough
Russia has no plans to reduce oil production in 2016
Kazakhstan reduced oil and gas condensate production to 79.5 million tons in 2015