05/18/2012 RussNeft, Salym Petroleum and Monolit launched LPG plant to ensure utilization of associated petroleum gas
On May 18, 2012 Salym Petroleum Development N.V. (SPD), OOO “Monolit” and OAO NK RussNeft launched the liquefied petroleum gas (LPG) plant located in Salym group of oil fields in Western Siberia. When fully operational this facility, constructed and operated by OOO “Monolit”, should now enable SPD and RussNeft to ensure utilization of their associated petroleum gas (APG). The official opening ceremony with the participation of the Governor of Khanty-Mansi Autonomous Okrug Natalya Komarova, Ambassador of the Netherlands Ron Keller, Ambassador of the United Kingdom Tim Barrow and other top-level guests, took place today in Khanty-Mansiysk.

05/18/2012 Proposal for “Nabucco West” Scenario Submitted to Shah Deniz II Consortium
The Nabucco Consortium today submitted a proposal to the Shah Deniz II Consortium for the construction of a “Nabucco West” pipeline, which would bring Caspian gas from the Bulgarian-Turkish border to Baumgarten and beyond.

05/16/2012 Transfer of the Ichthys LNG Project equity interest to Chubu Electric Power Co., Inc.
INPEX CORPORATION (INPEX) is pleased to announce today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Chubu Electric Power Co., Inc. (Chubu Electric) to transfer a 0.735% of the Ichthys LNG Project equity interest(*).

05/15/2012 FMC Technologies Awarded Offshore Loading Arm Systems Contract
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium (TSC), to supply offshore loading arm systems as part of the Shell Prelude Floating Liquefied Natural Gas (FLNG) Project.

05/15/2012 Australia has gas reserves for at least 200 years
Australia has enough gas reserves to maintain its current production for almost 200 years, according to Energy and Resources Minister Martin Ferguson, AFP agency reported May 14, 2012.

05/14/2012 Czech Republic, Poland to build gas interconnector
The Czech Republic and Poland announced that they will build an interconnector between their natural gas networks, Natural Gas Europe reported on May 1, 2012.

05/14/2012 First LNG produced at Australia’s Pluto project
Australian oil and gas company Woodside has started producing liquefied natural gas from its $14.9 billion Pluto LNG Project in Western Australia, the company said April 30, 2012.

05/14/2012 Philippines hopes to develop big gas field in disputed area
The Philippines hopes that it will be able to produce significant amounts of natural gas from Sampaguita field in the South China Sea to provide its energy security despite territorial disputes with China, according to the country’s Secretary of Energy Rene Almendras, AFP agency reported in late April, 2012.