Page 11 - MEOG Week 04

MEOG
ProJeCts & ComPanIes MEOG
drive efficiencies and unlock greater value for both companies. This potential for collabora- tion in R&D closely aligns with ADNOC’s strat- egy to drive innovation and seek new advanced technologies to enable it to maximise value from every barrel of oil it produces and deliver the greatest possible returns to the United Arab Emirates (UAE).
The potential for collaboration in CCUS by ADNOC and Eni complements ADNOC’s CCUS programme, which has seen the company establish the Al Reyadah facility, the first com- mercial-scale CCUS facility in the Middle East.
Currently, the facility has the capacity to cap- ture 800,000 tonnes of carbon dioxide (CO2) annually and ADNOC plans to expand the capacity of this programme six-fold by captur- ing CO2 from its own gas plants, with the aim of reaching 5mn tonnes of CO2 every year by 2030 – the equivalent of the annual carbon capture capacity of over 5mn acres (2.02mn hectares) of forest.
ADNOC and Eni’s partnership has been
growing over the past two years since Eni was awarded a 10% stake in the Umm Shaif and Nasr Offshore concession and a 5% stake in the Lower Zakum concession in 2018. Both awards marked the first time an Italian energy company was granted concession rights in Abu Dhabi’s oil and gas sector.
ADNOC also awarded Eni a 25% stake in its Ghasha offshore ultra-sour gas concession in 2018. And in January 2019, ADNOC awarded two offshore blocks – Offshore 1 and Offshore 2 – to a consortium led by Eni and Thailand’s PTT Exploration and Production (PTTEP) as part of Abu Dhabi’s highly successful debut competitive exploration and production bid round.
In the downstream, ADNOC struck a stra- tegic equity partnership with Eni and Austria’s OMV in its refining business in 2019. Under the terms of the deal, Eni and OMV acquired 20% and 15% shares respectively in ADNOC Refin- ing. The deal also covered a new trading joint venture, ADNOC Global Trading, established bythethreepartners.™
PoLICy
Turkey, Japan scrap power partnership in Sinop
Turkey is reassessing its major partner for the country’s second nuclear plant in the Black Sea province of Sinop, Energy Minister Fatih Dönmez said on Jan. 19.
In an interview with state-run Anadolu Agency, Dönmez said that the time schedule and pricing of the nuclear power plant in Sinop fell short of the ministry’s expectations after the results of feasibility studies, carried out by Japanese Mitsubishi heavy Industries, Ltd., came out.
“We agreed with the Japanese side to not continue our cooperation regarding this matter,” Dönmez said. The minister added that Turkey can hold talks with other suppliers for the construction of the nuclear plant.
The project was agreed on by the Japanese and Turkish governments in 2013. A consortium led by Mitsubishi heavy Industries had been conducting a feasibility study until March for the construction of a 4,500-megawatt plant in Sinop.
Regarding Turkey’s other nuclear projects, Dönmez said that the construction license for the second unit of Akkuyu Nuclear Power
neWs In brIeF
Plant (NPP) was given in August 2019 and the construction is expected to start soon.
he added that the application for the third unit’s construction was completed last year, but the Nuclear Regulatory Authority is currently evaluating a limited work permit that will allow preparatory work.
An intergovernmental agreement was signed between Turkey and Russia in May 2010 for Akkuyu NPP, the first nuclear plant of Turkey that will have four VVER-1200 power reactors with a total installed capacity of 4,800 megawatts.
Upon completion, the plant will generate about 35 billion kilowatt-hours of electricity per year, with a service life of 60 years.
The first reactor of the plant is planned to be operational in 2023.
Rosatom on Dec. 28 announced that Akkuyu signed an agreement to obtain coolant system equipment for turbine instalments.
To supply equipment for systems that
will provide cooling water for turbine capacitors, Rosatom’s energy engineering division Atomenergomash, Russian firm NPO TsNIITMASh, and Germany’s Taprogge Gmbh signed a deal with Akkuyu.
Dönmez also said Turkey saw an increase in the share of local and renewable resources for the country’s electricity production.
Electricity production from local and renewables sources in 2019 amounted to 62 per cent compared to 49 per cent in 2018, a 13 per cent increase, he further elaborated.
“In 2019, electricity generated from hydropower plants was above the average for many years.
Renewable energy depends on meteorological events and with the
shutdown of power plants that do not meet their environmental obligations electricity generated from domestic coal may show some decline in 2020,” he said.
“When these two issues are considered together, the domestic rate for 2020 is estimated to be over 50 percent,” he added.
Turkey-Russia meetings on natural gas continue The minister also underlined that meetings regarding the pricing continue between Turkish Petroleum Pipeline Corporation (BOTAS) and Russian gas produces Gazprom.
“TurkStream does not bring out a new agreement regarding natural gas supply. The meetings on pricing and the enforcement of current agreements continue between BOTAS and Gazprom,” he said.
Dönmez also conveyed that with the launch of TurkStream on Jan. 7, Turkey started to supply the gas from the gas receiving terminal in Kiyiköy, the country’s
Week 04 29•January•2020
w w w. N E W S B A S E . c o m
P11