PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Enel Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Enel and LUKoil Sign Agreement for Cooperation in Upstream and Midstream Operations in the Russian Federation, Europe and North Africa - Through today's memorandum, Enel and LUKoil intend to further strengthen their relationship by focusing on joint opportunities in the natural gas value chain - Enel.com
Enel and LUKoil Sign Agreement for Cooperation in Upstream and Midstream Operations in the Russian Federation, Europe and North Africa

 

NewswireToday - /newswire/ - St Petersburg, Russia, 2012/06/21 - Through today's memorandum, Enel and LUKoil intend to further strengthen their relationship by focusing on joint opportunities in the natural gas value chain - Enel.com. IT0003128367

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Areas of cooperation will be:
• Analysis of the regulatory framework for gas in the Russian Federation;
• Investigation on possible joint upstream gas projects in Russia and abroad;
• Marketing Studies of LNG and pipeline gas in Europe and in the Russian Federation;
• Evaluation of gas supply of Enel OGK-5 power plants by LUKoil.

Today, within the framework of the XVI St Petersburg International Economic Forum, Fulvio Conti, CEO and General Manager of Enel and Vagit Alekperov, CEO and Chairman of the Management Committee of OJSC LUKoil, signed a Memorandum of Understanding on mutual cooperation in the gas industry.

Through today's memorandum, Enel and LUKoil intend to further strengthen their relationship by focusing on joint opportunities in the natural gas value chain. More specifically, the parties will investigate possible joint upstream gas projects in the Russian Federation and abroad, with particular focus in the Caspian Sea and North African basin. The parties also decided to coordinate efforts on the analysis of the regulatory framework of the Russian natural gas industry. Also, Enel and LUKoil will share their respective knowledge by undertaking marketing studies on LNG and pipeline gas supply and demand trends in Europe and the Russian Federation. Finally the parties will review possible supply of Enel OGK-5 gas-fired power plants by LUKoil.

“Enel is very pleased with the chance to co-operate with such a relevant player on the Russian gas and oil market. This agreement will be beneficial to both parties for exploring new joint opportunities in the natural gas value chain, from upstream to gas supply” Fulvio Conti, CEO and General Manager of Enel, commented at the signing ceremony “We are confident that our companies will benefit from mutual knowledge sharing and joint activities.”

Enel in Russia
Enel (enel.com) entered the Russian market in 2004 as the first private operator in the power sector. Today, it is a vertically integrated player, from the upstream segment to the sale of electricity. In the upstream segment, Enel owns a 19.6% stake in the SeverEnergia consortium with NOVATEK, Gazprom Neft’ and Eni, with reserves of approximately 1.2 Bln BOE. Enel also owns a 56.43 % stake in Enel OGK-5, a generation company with four thermal power plants with gross capacity of 9,576 MW, equivalent to net installed capacity of 9,007 MW, located in the fastest growing areas of the country, including two newly constructed combined cycle plants for a total capacity of 820 MW. In the sales segment, Enel owns 49.5% of RusEnergoSbyt, an important electricity trader in Russia, with yearly sales of over 45 TWh. In the distribution segment, Enel is testing the use of digital meters on the Russian market.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Enel Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Enel and LUKoil Sign Agreement for Cooperation in Upstream and Midstream Operations in the Russian Federation, Europe and North Africa

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Enel Green Power |
Publisher Contact: Enel Group - Enel.com 
+39 06 83055699 ufficiostampa[.]enel.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Enel Group securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Enel Group / Company Profile


Read Energy Most Recent Related Newswires:

Liquefied Gas Pump Market to Record an Exponential CAGR by 2026 According to Persistence Market Research
GE and Solairedirect India Partner for the Next 25 Years
ENGIE Wins Major Contract with Transport for London
Boost in Genset Manufacturing Activity to Resolve Power Challenges in the Southern African Region Finds Frost & Sullivan
ENGIE to Become Worldwide Leader of Independent District Cooling by Acquiring A 40% Stake in Tabreed from Mubadala
Asia-Pacific Renewable Energy Inverters Market Leverages Favourable Targets and Feed-in Tariffs to Catalyze Growth, finds Frost & Sullivan
GE Introduces Rugged, Resilient Power Supply for Industrial Applications
Energy Technology Developers Focus on Sustainability and Efficiency to Stay Relevant in a Changing Market Finds Frost & Sullivan
Baker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE Company
Enel Green Power Acquires Two Wind Farms in Campania from Amec Foster Wheeler
Enel and Rosseti Sign MoU for Cooperation in Innovative Smart Grid Solutions
World’s Largest Floating Photovoltaic Power Plant Test-bed Features ABB Technology
Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Persistence Market Research (P) Ltd

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)