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Rosneft, with U.S. partner Exxon, on track with LNG plant

  • Rosneft (RNFTF) says it is on track to start production at its first liquefied natural gas plant in Russia's far east in 2018-19, and signals that its partnership with Exxon Mobil (XOM -0.3%) for building the plant will not be affected, despite tension over Ukraine.
  • Rosneft says current LNG prices in Asia, at more than $15/MBtu, would enable it to successfully carry out its LNG project, which will have an initial annual capacity of 5M metric tons.
  • Rosneft also says it expects its gas output this year to rise to ~55B cubic meters and to more than 63B next year.
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Comments (11)
  • DonSimon
    , contributor
    Comments (114) | Send Message
     
    It is sad that Russia will Najee money exporting their fans and this administration is fling everything to stop the USA export energy.
    When will this lunacy end?
    1 Apr 2014, 03:26 PM Reply Like
  • saratogahawk
    , contributor
    Comments (2491) | Send Message
     
    DonSimon you are so right. How is it that they will be ahead of us in exporting LNG when we have the world's tressure trove of natural gas?
    1 Apr 2014, 03:36 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2734) | Send Message
     
    Russia doesn't have greenies and a Democratic party beholding to them. They also do not have bureaucracy that takes years to approve something.
    1 Apr 2014, 07:24 PM Reply Like
  • Pierre Lacroix
    , contributor
    Comment (1) | Send Message
     
    Yeahhh because they have corruption that will cover all inefficiencies of bureaucracy with help of valuable sum of ruble
    2 Apr 2014, 10:00 AM Reply Like
  • ccllrr
    , contributor
    Comments (10) | Send Message
     
    Most of our treasure trove of natural gas seems to be located in Washington DC!!!
    2 Apr 2014, 09:51 AM Reply Like
  • saratogahawk
    , contributor
    Comments (2491) | Send Message
     
    cclrr unfortunately most of it is carbon disulfide, sulfur dioxide and methane. In other words Wash DC not only stinks it pollutes.
    2 Apr 2014, 09:55 AM Reply Like
  • DonSimon
    , contributor
    Comments (114) | Send Message
     
    The USA should do everything to become energy independent. All the achievements recently in increasing energy supply has come from drilling on private land. That is only about 15% of USA territory. Exploration on the other 85% controlled by the government has been blocked by obama's administration. Also exporting energy is. being blocked!

     

    Imagine how much more energy would become available if drilling was alliowed there.
    The USA would then become independent, export the energy to friendly countries making the likes of Putin less powerful.

     

    But for that to happen we need a "regime change" lol
    2 Apr 2014, 10:06 AM Reply Like
  • Alvingolub
    , contributor
    Comments (255) | Send Message
     
    Most of the private land is owned by Republicans. They will never allow drilling on public land. When you fill up you tank at the pump you can hate both parties.
    2 Apr 2014, 04:29 PM Reply Like
  • April May
    , contributor
    Comments (649) | Send Message
     
    I believe you are wrong! Democrats have been in the majority for quite some time, leaving the Republicans nearly powerless. The Dems are the "tree huggers" who only approve of solar and wind projects. Republicans are more practical and would put job creation ahead of saving a specific kind of snail, fish or swamp.

     

    As for stating that Republicans own most of the private land, you should state your sources. The Democrats in power are all multi-millionaires! I'm sure an equal number from BOTH parties hold stock in our energy companies but only the Republicans and Conservatives believe in job creation and energy independence.
    2 Apr 2014, 07:07 PM Reply Like
  • DonSimon
    , contributor
    Comments (114) | Send Message
     
    The land where most of the drilling is done is farm land etc. It has nothing to do with political parties. However the 85% (about) of government Land ,where no drilling is allowed, is under CONTROL of the government that is currently controlled by anti business firm believers who believe ,in controlling the spread of energy growth in the naive belief that it will stop global warming. And that government is currently controlled by the Democrats
    3 Apr 2014, 08:44 AM Reply Like
  • saratogahawk
    , contributor
    Comments (2491) | Send Message
     
    According to Yahoo Answers the vast majority of billionaires are registered Democrats.
    2 Apr 2014, 07:49 PM Reply Like
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