By Charlie Zhu, David Lague and Fergus Jensen LIMAU, Indonesia, Dec 19 (Reuters) - In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. It was much easier to extract cash from a state-owned Chinese oil giant. A … [Read more...]
Novatek Signs 15-Year LNG Supply Deal With CNPC
Oct. 22 (Bloomberg) -- OAO Novatek, Russia’s second-biggest natural-gas producer, will supply the fuel in its liquefied form to China National Petroleum Corp. for 15 years, according to a preliminary accord signed today. Novatek will sell at least 3 million metric tons of liquefied natural gas a year to CNPC on delivered ex-ship terms, with the price indexed to the … [Read more...]