Due to the strong volatility of oil and gas companies have taken a wait and do not hurry to revise the previously established priorities. However, experts are already providing the most vulnerable from the point of view of stability of investment projects of the Russian fuel and energy complex.
the Project Energy strategy of Russia until 2035 considering the fuel and energy complex as one of the foundations of the national economy, which forms a significant part of budget revenues. As noted by the Prime Minister of the Russian Federation Mikhail Mishustin at a recent government meeting devoted to the development of the industry: “you Must work for the future, evaluate changes that occur in the global energy sector – including technology development, production structure, demand. Now is the time to plan their actions for the period of recovery of global markets. And to build energy policy of the state. The strategy will be implemented in two stages. On the ground – until 2024 inclusive – coordinate it with existing state programs. And most importantly – with national goals, national projects and the Comprehensive plan for the modernization and expansion of trunk infrastructure. We will also continue to develop the technology of extraction of oil, gas, coal and LNG production. To diversify its energy exports. And at the same time will continue the gasification of the Russian regions”.
In the context of the objectives of the Russian energy company considering the need to clarify its earlier plans with the present condition of the market. So, in mid-April the Board of “Gazprom” took note of information on the status of implementation of major investment projects with further consideration of this issue by the Board of Directors of the holding company. However, the main projects are planned for implementation in due course. According to the report, today in the framework of the Eastern gas program continues to increase production and gas transmission capacities. In the Chayandinskoye field in Yakutia is the construction of objects necessary for reaching the design production level of 25 billion cubic meters annually. In particular, there is a corresponding increase in power current installation of complex gas, which supplies gas to the gas pipeline “Power of Siberia”.
“the Power of Siberia” this year it is also planned to complete the construction of a second compressor station – “Ivan Moskvitin”. At the Kovykta field in the Irkutsk region continues drilling. There are seven rigs in the next year their number will be increased to 18 units. The construction of the gas pipeline from Kovykta to Chayanda field, the company intends to begin in the third quarter of this year.
in addition, in 2020 had planned EA�� start installation of membrane selection of helium concentrate. The status of project implementation construction of the Amur gas processing plant reaches 58 percent. On the first and second production lines of the enterprise completed the installation of the main equipment, and their preparation for commissioning. At the third and fourth lines set gas separation equipment. The start-up of thermal power plant “Svobodny” with a capacity of 160 MW, which will provide the company with electricity, is scheduled in late 2020.
Is the extension of the gas pipeline “Sakhalin – Khabarovsk – Vladivostok”. The section from Komsomolsk-on-Amur to Khabarovsk, built 66 of 390 kilometers of the linear part of the pipeline.
Consistently expanding the Northern gas transmission corridor. Is the construction of compressor stations and plants for gas pipelines “Bovanenkovo – Ukhta-2” and “Ukhta – Torzhok-2”. A project of development of gas transportation facilities in the area from Gryazovets to the construction of KS “Slavic”. Work continues on the construction of the complex for the production, storage and offloading of LNG in the area of the compressor station “Portovaya”.
in addition, until the end of 2020 it is planned to begin development of the Tazovsky Deposit. And on the Yamal Peninsula in 2020, Gazprom plans, in particular, to Commission 52 new gas wells at the Bovanenkovskoye field. On Kharasaveyskoye field work has begun on pipe welding for the gas gathering manifolds and pipeline connections to the Bovanenkovo gas field. This year on Kharasaveyskoye field is also provided for start of production drilling, construction of complex gas treatment plant and booster compressor station.
At the same time, changes in the activity of the company is making a statement about the Shell output from the transaction with “Gazprom Neft” for development of the fields in YANAO. In this regard, “Gazprom Neft” alone will continue financing and developing assets in the Yamalo-Nenets Autonomous district, part of the perimeter of an undertaking. It Meretoyakhinskoye field, Tazovsky, North Samburg and two West of the Jubilee area, specify in “Gazprom oil”.
Support another leader of the Russian energy sector – “Rosneft” – should make a law on tax incentives for oil and gas projects in the Arctic. It provides tax breaks for the Vankor cluster companies located in the Krasnoyarsk region. So, for offshore operations, the met rate is set at five percent for oil and one percent for gas over the next 15 years of commercial production.
For LNG and gas chemical projects, the law establishes a zero tax for 12 years from the date of first sale or until the accumulated gas production to 250 billion cubic meters. As the Director of the analytical Department of “Alpari” Alethe Xander Razuvaev, on the key fields of the country the cost of production is $ 3-5, so the Russian oil industry will be a plus and at 10 dollars a barrel. However, drilling in the Arctic even with the tax benefits of “Rosneft” will have to be postponed, the expert believes. Low oil prices put into question the further development of new projects in Eastern Siberia, on the Arctic shelf and in the Arctic, the development of stranded.
the Current situation has affected the investment plans of LUKOIL. Earlier, LUKOIL planned to direct investment of 550 billion rubles. But due to the sharp fall in oil prices, the company management decided to cut their costs. Previously the largest shareholders of the company expressed readiness to send a portion of their dividends for the last year in a special Fund to support the investment activity of the company.
Thus, clarification of the investment horizons in the oil and gas industry will depend on global trends the global economic recovery, and the ability to intelligently allocate and optimize their financial resources and reserves.