- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Rosneft, ExxonMobil to invest $15 billion for LNG plant
Russia’s state oil company Rosneft and ExxonMobil are considering investing $15 billion in a liquefied natural gas plant.
ExxonMobil Development President Neil Duffin told Russian Prime Minister Vladimir Putin via a video link from Russia’s Pacific island of Sakhalin, “we are talking probably about $15 billion” in order to build a liquefied natural gas plant and necessary infrastructure in Russia’s Far East to tap the lucrative Asian LNG markets.
The LNG facility would process natural gas from their Sakhalin-1 oil and gas project off Russia’s Pacific coast. Rosneft CEO Igor Sechin said that the LNG facility could be either built on Sakhalin or in Russia’s Far Eastern Khabarovsk region, The Arab News reported on Friday, Sechin told reporters that Rosneft and South Korea’s STX Corp. were also holding discussions about the possibility of building a fleet of vessels and platforms for Rosneft’s offshore projects. The project would allow Rosneft and ExxonMobil to tap the lucrative Chinese, Japanese and South Korean natural gas markets.
