Russia Expects To Liberalise Lng Exports From Jan 1 -minister

Russia reports surge in S. America arms sales

hours. Yandex, which gets most of its revenue from online advertising, bought the KinoPoisk movie-rating site on Oct. 15. The Russian company increased its share of the online search market to 62.2 percent last month, the highest since August 2011, while Google Inc.s portion was unchanged at 26 percent, according to LiveInternet.ru. Baidu has made five acquisitions over the past year to maintain its lead among China s Internet companies as Qihoo 360 Technology Co. gains ground. Yandex deserves a premium rating in my book because it has better earnings growth, Julian Rimmer, a trader with CF Global Trading UK Ltd. in London , said by e-mail yesterday. They are successfully monetizing different business lines. Baidu, Chinas second-largest Internet company by market value after Hong Kong-listed Tencent Holdings Ltd., paid $1.85 billion for app store 91 wireless in July and bought a stake in group-deal site Nuomi.com for $160 million in August. The Beijing-based company also acquired video business PPStream Inc. for $370 million in June to merge it with its video unit iQiyi.com, which it purchased in November. First Step Yandex could have paid as much as $95 million for KinoPoisk, the nations biggest Russian-language website on movies with 18.6 million users, the Wall Street Journal reported, citing unnamed industry experts and analysts. The acquisition of KinoPoisk, which is the Russian version on IMDb.com and one of the most popular websites on the Russian Internet, is probably just a first step as Yandex may be expanding into the video segment of the market, Anna Lepetukhina , an analyst at OAO Sberbank, Russias largest lender, said by phone from Moscow yesterday. It will probably seek to offer video content, which would allow it to sell video-based ads, which have higher price tags than text-based ads. Internet advertising in Russia will grow an average 26 percent annually from 2013 to 2015, Yandex said in a June presentation citing ZenithOptimedia data.

1, and a bill will be submitted to parliament shortly, Energy Minister Alexander Novak said on Wednesday. Novak also said Gazprom and China National Petroleum Corp (CNPC) are expected to reach an agreement on gas supplies by the end of this year. President Vladimir Putin said earlier this month that Russia, the world’s biggest energy supplier, would press ahead with opening up LNG exports in a move to meet growing demand from Asia-Pacific markets. “The work as of today has been finalised … It has been coordinated and agreed by all the ministries of the cabinets, and in the near future it is going to be submitted to the State Duma, the parliament of the Russian Federation,” Novak told reporters in a briefing during the World Energy Congress, in South Korea. “We expect the law to take effect since the first of January next year.” Putin has said Russia is keen to expand in the region, where gas demand is driven by China, which expects to consume up to 230 billion cubic metres (bcm) of gas by 2015. Removing restrictions on LNG exports would be a big blow to state-controlled Gazprom, which holds a monopoly on Russia’s gas exports. The prospect of an end to that monopoly has injected urgency into its talks to supply China with pipeline gas, which have gone on for more than a decade. Last month, the two sides reached agreement on basic terms for a deal but not on price, which has been an issue for years as China demands a steep discount to prices paid by Western utilities. Asked about a Gazprom deal to supply gas to China, Novak said: “We really expect Gazprom and CNPC to reach agreement by the end of this year.” Russian gas producer Novatek and top oil producer Rosneft have both lobbied for LNG export rights. Rosneft has agreed with ExxonMobil to build an LNG plant in the Russian Far East at an estimated cost of $15 billion.

America arms sales Oct. 16, 2013 | 5:23 PM RIO DE JANEIRO, Oct. 16 (UPI) — Russia is reporting a new surge in arms sales in Latin America after talks in Peru and Brazil this week and moves elsewhere in the region toward increased military supplies. Moscow media boasted Russia is now the largest arms supplier to Latin America. RIA Novosti said talks were advanced on supplying helicopters to Peru and jet fighters to Brazil, upgrades to military hardware already on regional inventories and plans for a maintenance and repair hub in Peru to serve Latin America. Russia hopes to make sales of at least $1.7 billion during this week’s visit to Peru and Brazil by Defense Minister Sergei Shoigu and senior aides, Moscow’s Kommersant newspaper said. Russia aims to sell its Pansir-S1 and Igla missile systems to bolster Brazil’s air defenses during next year’s FIFA World Cup, Kommersant said citing Russian General Staff. The Pantsir-S is a mobile short-range gun and missile air defense system that combines a wheeled vehicle with radar and electro-optical sensors, two 30-mm cannons and up to 12 57E6 radio-command guided short-range missiles. The weapon is designed to take on a variety of targets flying at low altitudes, RIA Novosti said. Recent developments in unmanned aerial systems or “drones” capable of flying low has raised the stakes in air defense capabilities worldwide. The Igla is a man-portable infrared homing surface-to-air missile designed to counter similar threats in warfare or security-related situations such as Brazil’s sport events in 2014. In talks in Lima, Peru, Tuesday the Russian delegation proposed establishing a servicing and maintenance center in Peru for its Russian- and Soviet-made helicopters.