Russia Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • Russian origin group I Base Oil prices increase marginally.
  • Siemens secures contract for Yamal LNG – Siemens has secured a contract to deliver the key components for a power station that will
    supply the future Yamal LNG production plant in northern Russia with electricity and heat. The company
    will design, manufacture, factory test, deliver, install and commission eight SGT800 industrial gas
    turbines as well as nine stepup transformers. Four of these turbines will also be equipped with waste
    heat recovery units. The power plant will have an electrical output of 376 MWe. Located onshore, in the
    Arctic area of the Yamal Peninsula in the north of Western Siberia, the Yamal LNG project is to develop
    the wet gas resources of the YamalNenets region. Shareholders of the plant operator Yamal LNG are the
    Russian electricity company Novatek (80%) and Total of France (20%).
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