. GPS News .




.
ENERGY TECH
India seeks more access to Siberia fields
by Staff Writers
New Delhi (UPI) Dec 16, 2011

disclaimer: image is for illustration purposes only

India says it is seeking a greater share of Russia's Siberian energy resources during meetings between the two countries' leaders in Moscow.

Indian Foreign Secretary Ranjan Mathai told reporters Wednesday in New Delhi that Prime Minister Manmohan Singh's three-day trip to Russia - which concludes Saturday -- would include discussions on energy issues with Russian Prime Minister Vladimir Putin and President Dmitry Medvedev.

Mathai also said the summit is coming as Indian state-run explorer Oil and Natural Gas Corp., or OVL, is negotiating with Russian energy companies Rosneft and Novatek to expand its presence in the Siberian oil and gas fields, The Wall Street Journal reported.

Drawing New Delhi's interest is the Sakhalin-3 project, a 2,000-square-mile block on the Sakhalin shelf of the Sea of Okhotsk in eastern Siberia. Rosneft has joined with China's Sinopec in the exploration of Sakhalin-3's Veninsky licensed block, one of four blocks in the project.

The largest block, the South-Kirinsky structure, has reserves estimated at 700 million tons of hydrocarbons. Russian officials have said Sakhalin-3 will be capable of producing 15 million-20 million tons of oil and condensate and 45 billion-60 billion cubic meters of gas annually over an extended period.

OVL has a 20 percent stake in the Sakhalin-1 oil and gas field, which is operated by Exxon Mobil.

Mathai didn't indicate whether OVL and Rosneft would sign any deals during Singh's Moscow visit, the Journal reported.

"OVL is keen to get involved in the development of Sakhalin-3 and they are in discussions with Rosneft for this," he said. "OVL is also in talks with Novatek to access gas deposits in the Yamal Peninsula in the northeastern Siberian region."

OVL Managing Director Joeman Thomas revealed in May that his company, along with GAIL India and Petronet LNG Ltd., were planning to submit a non-binding bid for less than a 20 percent stake in the Yamal liquefied natural gas project, The Times of India said.

The independent Russian producer Novatek says it will complete the Yamal LNG plant in 2016, promising an annual production of 15 million tons of liquefied gas.

Another topic of discussion at the Russia-India summit will be Russian taxes on OVL's Imperial Energy subsidiary in western Siberia, which the Indian company acquired in 2009.

New Delhi says the tax burden has meant OVL can't expand its exploration in the field, the Journal reported.

"The matter hasn't been finally settled and will continue to be raised and discussed with the Russian side," Mathai said.

The foreign secretary also said Singh could discuss the possibility of routing payments for the crude oil it buys from Iran through Russia rather through Turkey as is now the case, the Indian business newspaper Mint reported.

Not likely to be consummated during Singh's trip to Moscow, however, is a deal to construct two nuclear more power reactors at Kudankulam in India's Tamil Nadu state, the publication said.

Under a 1998 agreement, Russia is building two 1,000-megawatt atomic power units at Kudankulam. Moscow reportedly wants the same terms for the two new reactors.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Iran, facing sanctions, hits Caspian gas
Baku, Azerbaijan (UPI) Dec 16, 2011
Iran says it's discovered a big energy resource field, said to hold 50 trillion cubic feet of natural gas, in the disputed Caspian Sea but efforts to exploit it are likely to be undercut by international sanctions that will block needed foreign investment for its energy industry. "It's predicted that after examination the gas in this field will add up to much more than this," Iranian Oi ... read more


ENERGY TECH
As climate change sets in, plants and bees keep pace

A rosy future for Pakistan's cut flower industry

EU stuck on three new GM authorisations

Salt-tolerant crops show higher capacity for carbon fixation

ENERGY TECH
Quantum Computing Has Applications in Magnetic Imaging

Sharpening the lines could lead to even smaller features and faster microchips

Optical Fiber Innovation Could Make Future Optical Computers a 'SNAP'

New method for enhancing thermal conductivity could cool computer chips, lasers and other devices

ENERGY TECH
Qantas reaches agreement with engineers

Removing sulfur from jet fuel cools climate

Cathay announces economy class upgrade

Airbus eyes Japan's budget carriers

ENERGY TECH
End of the road as carmaker Saab files for bankruptcy

GM says no to new Saab deal

Japan's Toyota plans record 2012 output: reports

China's Geely to sell sedans in Britain

ENERGY TECH
Peru lifts state of emergency in mining dispute

China's exports to slow sharply in 2012: researcher

Protectionism gaining ground, WTO ministers warn

Mercosur to fast-track Venezuela's entry

ENERGY TECH
The case of the dying aspens

Little headway in Durban on deforestation: experts

Climate change blamed for dead trees in Africa

Ecologists fume as Brazil Senate OKs forestry reform

ENERGY TECH
SMOS detects freezing soil as winter takes grip

NASA Gears Up for Airborne Study of Earth's Radiation Balance

Study Shows More Shrubbery in a Warming World

Astrium awarded Sentinel 5 Precursor contract

ENERGY TECH
Graphene grows better on certain copper crystals

New method of growing high-quality graphene promising for next-gen technology

Giant flakes make graphene oxide gel

Amorphous diamond, a new super-hard form of carbon created under ultrahigh pressure


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement