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Russia’s Gazprom will begin gas shipments via Siberia pipeline into China by end of 2019

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Gas giant Gazprom plans to start injections of Russian gas into the 38 Bcm/year capacity Power of Siberia pipeline in the third quarter of 2019 ahead of first commercial flows to China at the start of December, the company said late Thursday.

It took Russia almost 10 years to sign its first $ 400 billion contracts to supply gas to China in 2014. Now Gazprom seeks to consolidate the result, but weak oil prices make it difficult to negotiate a second contract.

Oil, to which gas prices are pegged in most of Gazprom’s contracts, has fallen, limiting the company’s ability to finance two gas pipelines to China at once.

Russian gas producer Gazprom has discussed gas deliveries to China with China National Petroleum Corporation (CNPC), Gazprom said in a statement on Thursday.

On 21 May 2014, Gazprom and CNPC signed the 30 year Sales and Purchase Agreement for Russian gas to be supplied via the eastern route (Power of Siberia gas pipeline). The document provides for gas deliveries to China in the amount of 38 billion m3/y.

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Gazprom

Russia is leading Artificial intelligence in the Oilfield

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eDrilling has announced that it has signed a contract with Gazpromneft-Yamal, a Gazprom Neft subsidiary, for the use of eDrilling’s software to optimize its drilling operations in the Tyumen region.

According to data from PriceWaterhouseCoopers, 74 percent or Russian companies plan to invest in AI in the next three years. What policy is Gazprom Neft pursuing here? – https://www.worldoil.com

— We’re developing our own software products as one of the areas of our Technology Strategy — that is, our ERA initiative (abbreviated from the Russian “электронная разработка активов) — Electronic Asset Development. We started doing this in 2012, before anyone was talking about digital transformation. – https://www.gazprom-neft.com

Gazprom Neft and ICS Holding have concluded a preliminary agreement to create a joint venture to support digital transformation in the oil and gas industry.

The agreement was signed at the St Petersburg International Economic Forum by Andrey Belevtsev, chief digital officer at Gazprom Neft, and Igor Gorkov, CEO at Peter-Service.

The two companies will work together to tackle challenges in the sector, using contemporary artificial intelligence (AI) systems and advanced data processing algorithms to support management decisions – http://www.oilreviewmiddleeast.com

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