Gulf Oil and Gas accountACCOUNT

SIBUR & TNK-BP Extend Cooperation in APG Processing

Source: www.gulfoilandgas.com 3/12/2013, Location: Asia

SIBUR and TNK-BP have signed a set of agreements that define the format of cooperation between the parties within OOO Yugragazpererabotka, an APG processing joint venture (JV), for the period from 2017 through 2026.

The parties have extended the key agreements related to the supply of associated petroleum gas (APG) and purchase of dry gas and natural gas liquids (NGLs) that are products of APG processing. Both have also revised the guaranteed APG volumes that will be supplied by TNK-BP to Nizhnevartovskiy and Belozerniy GPPs as part of the JV. The parties have extended the term of the JV for an indefinite period of time, while terminating the call option agreements.

The agreements further strengthen the long-term, mutually beneficial partnership between SIBUR and TNK-BP. During the past five years of successful cooperation, SIBUR and TNK-BP have significantly increased the volumes of APG processed by the JV’s GPPs. In 2012, Yugragazpererabotka processed over 12.5 billion cubic metres of APG, a 9% increase from 2011 and a 71% surge against 2007 levels – the year when the JV was established.

In 2012, Yugragazpererabotka completed a number of important investment projects, including the construction of a third compressor station at the Nizhnevartovskiy GPP. The project facilitated an increase in APG processing volumes at the GPP by 760 cubic metres to 6.2 billion cubic metres per annum. Joint capital expenditures on the project totaled approximately RR 2.7 billion net of VAT.

For more information about related Opportunities and Key Players visit Caspian Region Projects

Gas Processing >>

Gas Processing News in Russia >>

Japan >>  3/2/2021 - Japan Bio-Methane and BTS Biogas have partnered to develop biogas in Japan.

Both companies boast a large share of the global market in the ...

Finland >>  2/25/2021 - Deltamarin’s new LNG-powered Kielmax container vessel of the C.Delta series, C.Delta2100, represents the best-in-class design in terms of cargo capaci...

Singapore >>  2/24/2021 - We are pleased to announce that we have successfully commenced technical management of Singapore’s first LNG bunkering vessel “FUELNG BELLINA” owned b...
United Kingdom >>  2/24/2021 - Gasrec will increase the size of its Bio-LNG (liquified natural gas) tanker fleet by 300 per cent over the next 12 months, to meet the rapidly growing...

Denmark >>  2/23/2021 - DFDS has partnered with major Danish organisations including Arla, Maersk, Danish Crown and DLG in Power-to-Ammonia, a new alternative fuel project. ...
United States >>  2/23/2021 - National Fuel Gas Company announced that its subsidiary, National Fuel Gas Supply Corporation (“Supply Corp.”), received approval from the Federal Ene...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.