Russian Energy Producer Rosneft LNG Plant Reported Delayed for Two to Five Years

MOSCOW (Reuters) – Russian energy producer Rosneft may have to delay development of its liquefied natural gas (LNG) plant on the Pacific island of Sakhalin for at least two years, sources said, after prices fell and financing all but dried up due to Western sanctions.

Source: www.reuters.com

>”[…] Rosneft, which has spearheaded President Vladimir Putin’s drive to increase oil and gas output and secure Russia’s energy dominance, signed an agreement with Exxon in 2013 that aimed at starting production of 5 million tonnes per year of LNG from 2018 at Sakhalin.

Russia is the world’s largest exporter of natural gas but mostly exports it by pipeline to customers in Europe. Once liquefied, natural gas can be transported by ship to customers in Asia, helping fulfill the Kremlin’s goal of finding new markets.

Two sources with direct knowledge of the project said the 2018 target was no longer realistic.

A source at Rosneft, who declined to be named because he was not authorized to speak to the media, said the plant would most probably “be postponed for three to five years because of lack of funds and low fuel prices”.

A second source said it could be delayed for two years.

“This is not a surprise,” the source said. “The year 2018 had never been seen as the final deadline. All the stuff that’s happening – a decline in LNG prices, a slump in demand, the economic crisis – only confirms that.”

A Rosneft company spokesman said there had been no change to the project’s timeline: “Rosneft has not revised the terms for the implementation of the far east LNG project.”

Exxon’s Moscow office declined to comment. A spokesman at Exxon’s headquarters in Texas also declined to comment.

In May 2014, Rosneft and Exxon signed a deal to continue work on the LNG plant, which will be partly fed from gas produced at Sakhalin-1, an oil and gas project in which Exxon is a major investor. […]”<

See on Scoop.itGreen & Sustainable News

Russia Warns Obama: Global War Over “Bee Apocalypse” | EUTimes.net

See on Scoop.itGreen & Sustainable News

The shocking minutes relating to President Putin’s meeting this past week with US Secretary of State John Kerry reveal the Russian leaders “extreme outrage” over the Obama regimes continued protection of global seed and plant bio-genetic giants Syngenta and Monsanto in the face of a growing “bee apocalypse” that the Kremlin warns “will most certainly” lead to world war.

Duane Tilden‘s insight:

>At the center of this dispute between Russia and the US, this MNRE report says, is the “undisputed evidence” that a class of neuro-active insecticides chemically related to nicotine, known as neonicotinoids, are destroying our planets bee population, and which if left unchecked could destroy our world’s ability to grow enough food to feed its population.

So grave has this situation become, the MNRE reports, the full European Commission (EC) this past week instituted a two-year precautionary ban (set to begin on 1 December 2013) on these “bee killing” pesticides following the lead of Switzerland, France, Italy, Russia, Slovenia and Ukraine, all of whom had previously banned these most dangerous of genetically altered organisms from being used on the continent.

[…]

Also to note about Syngenta, this report continues, is that in 2012 it was criminally charged in Germany for concealing the fact that its genetically modified corn killed cattle, and settled a class-action lawsuit in the US for $105 million after it was discovered they had contaminated the drinking supply of some 52 million Americans in more than 2,000 water districts with its “gender-bending” herbicide Atrazine.

To how staggeringly frightful this situation is, the MNRE says, can be seen in the report issued this past March by the American Bird Conservancy (ABC) wherein they warned our whole planet is in danger, and as we can, in part, read:  “As part of a study on impacts from the world’s most widely used class of insecticides, nicotine-like chemicals called neonicotinoids, American Bird Conservancy (ABC) has called for a ban on their use as seed treatments and for the suspension of all applications pending an independent review of the products’ effects on birds, terrestrial and aquatic invertebrates, and other wildlife.<

See on www.eutimes.net

The Old Copper Smelting Plants

See on Scoop.itGreen & Sustainable News

“Karabashmed” is one of the oldest copper smelting plants of the South Ural located in the city of Karabash. The main activity of the plant is making blister copper from copper concentrate with a preliminary enrichment of copper-zinc ores and also from recycled copper raw material.

Duane Tilden‘s insight:

Amazing photo journal of an Industrial Copper Refinery, including rare photo’s of old technological processes.

See on englishrussia.com