China Natural Gas, Inc.
Surgutneftegaz plans to quit the National Oil Consortium (NOC) and sell its 20 percent stake to state-owned Rosneft. According to Russia’s business daily Kommersant, the deal has already been approved by the Federal Antimonopoly Service (FAS).
Russian state oil company Rosneft has signed an $80 billion 25-year contract with Inter RAO to supply the state-owned electricity company with gas from 2016, a source close to Rosneft said.
Virgin Group, Virgin Green Fund and RUSNANO Capital today announced the formation of VGF Emerging Market Growth I L.P. with commitments of over $200 million.
Shell Canada (TSX:SHC) says it would reconsider its future plans to develop Nova Scotia's offshore if its $970-million deepwater exploration venture turned up natural gas instead of oil.
Inna Steinbuka, head of the European Commission's office in Latvia, said the European Union will not co-finance a the construction of a LNG terminal if an agreement is not reached for involving all Baltic states in the project.