Russian Oil and Gas News Update Jan 2014

• Gazprom considers Latin America for LNG exports – Russia’s fourth-largest energy firm Gazprom is considering supplying liquefied natural gas (LNG) from its Baltic LNG project to Latin America via its expanding European network.
• ExxonMobil & Chemlube INT Inc, help to reconstruct Turkmenistan’s largest oil refinery to produce hydro-synthetic oils
• Sugar Output Still Lagging Last Year’s Crop.
• Morgan Stanley (MS.N) has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft (ROSN.MM), becoming the latest Wall Street firm to dispose of a major part of its commodity business. The deal represents a bold move into the U.S. market by Russia’s top oil producer, which is headed by Igor Sechin, a powerful ally of Russian President Vladimir Putin. The Russian state owns almost 70 percent of Rosneft. The deal includes more than 100 traders and shipping schedulers in London, New York and Singapore, over $1 billion worth of oil, and the bank’s 49 percent stake in tanker company Heidmar.