Press

Gazprom Export LLC Signed Contracts to Supply Helium From the Amur GPP


Gazprom Export LLC in the beginning of 2018 completed the bidding procedure to sell helium from the Amur gas processing plant (Amur GPP). This resulted in the signing of the long term sales and purchase agreements (SPA) and the allocation of the vast part of the Amur GPP Helium quantities among the largest global industrial gas companies. The procedure was held in 2016–2017 with the support of Gazprom Marketing and Trading Ltd.

‘In addition to natural gas rich fields of Eastern Siberia allow to produce such a valuable product as helium, which is needed by many industries. We are glad that growing demand for the products from Amur GPP – the world's largest helium production facility – resulted in conclusion of long-term contracts', Director General of Gazprom Export Elena Burmistrova noted.

The logistic infrastructure for the transportation and treatment of helium containers on the Russian territory, including Helium Hub in Primorsky Kray, will be built up and operated by Gazprom Gazenergoset Helium LLC. Once prepared for exports, the helium containers will be delivered from the Russian Far East ports to the global markets.

Background

The Amur GPP will become the largest in Russia and the second largest in the world gas processing plant with annual capacity of 42 billion cubic meters of feed gas. The plant will process multi-component gas from the Yakutian and Irkutsky gas production centers and extract valuable components, primarily helium, ethane, LPG and pentane-hexane fraction for the purposes of the petrochemical and other industries. The processed natural gas will then be exported to China via the Power of Siberia pipeline. The Amur GPP helium facility is to be commissioned in 2021 and will reach the annual output of 60 million cubic meters (2.1 bscf) by 2026–2027.


Visit source site

gazprom.com/about/subsidiaries/news/2018/march/art...

GazpromGazprom ExportAmur Gas Processing PlantAmur GPPSPASiberia

More items from oilvoice


Schlumberger Announces Second-Quarter 2018 Results

Revenue of $8.3 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 12% sequentially Second-quarter GAAP EPS, including charges of $0.12 per share, was $0.31 Second-quarter EPS, excluding charges, was $0.43 Cash flow from operations was $987 million PARIS , J ...

OilVoice Press - OilVoice


Posted 2 days agoPress > ResultsEarningsSchlumberger +1

Baker Hughes, a GE company Announces Second Quarter 2018 Results

Orders of $6.0 billion for the quarter, up 15% sequentially and up 9% year-over-year on a combined business basis* Revenue of $5.5 billion for the quarter, up 3% sequentially and up 2% year-over-year on a combined business basis GAAP operating income of $78 million for the quarter, inc ...

OilVoice Press - OilVoice


Posted 2 days agoPress > ResultsEarningsGE +3

Genel Energy: Receipt of Payment for KRI Oil Exports

Genel Energy plc ('Genel' or 'the Company') notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $62.33 million from the Kurdistan Regional Government ('KRG') as payment for April 2018 crude oil deliveries to the export market from the Tawke licen ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Genel EnergyPaymentKRI +8

Delaying Mexico’s 2018 Bidding Rounds is a Smart Move by CNH, Says GlobalData

Following the news (Wednesday 18 th July 2018) that Mexico's hydrocarbons agency re-scheduled bidding rounds 3.2, 3.3, and onshore farm-out round for February 2019, which was originally planned for the second half of 2018, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > GlobalDataMexicoBidding Round +2

Major Utilities Continue to Increase Spending on U.S. Electric Distribution Systems

Source: U.S. Energy Information Administration, Federal Energy Regulatory Commission (FERC) Financial Reports, as accessed by Ventyx Velocity Suite Spending on electricity distribution systems by major U.S. electric utilities—representing about 70% of total U.S. electric load—has risen 54% o ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > United StatesUSEIA +4
All posts from oilvoice