Page 13 - FSUOGM Week 24 2019

FSUOGM
NEWS IN BRIEF
FSUOGM
“We plan to increase LNG output to 120mn- 140mn tonnes by 2035,” Novak said, up from 28mn at present.
Russia also plans to increase its share on the global LNG market to 20%, Novak said. “We have the potential for that, including necessary resources and competitiveness,” he noted.
“Russia has 74 trillion cubic metres of natural gas in the Arctic, and there are also many unexplored deposits,” the energy minister added. Novak said that Russia plans to sell up to 70% of its LNG to countries in the Asia-Paci c.
June 14 2019
Transneft to start oil
supplies to Komsomolsk
refinery in July
Russian pipeline monopoly Transne is planning to launch oil deliveries via a recently completed pipeline to the Komsomolsk oil re nery in the Far East on July 1, according to the company’s vice president Sergey Andronov.
e Komsomolsk re nery is operated by state oil company Rosne and currently receives crude feedstock via rail. e ESPO-Komsomolsk pipeline connecting to the re nery was nished by Transne in April 2018, but the launch of supplies was delayed because of Rosne ’s failure to complete a 3-4 km pipeline linking the spur with the plant on time.
June 15 2019
TransnefttorestoreDruzhba operations on July 1
Russian pipeline monopoly Transne expects to fully restore operations at Druzhba oil export pipeline by July 1, company vice- president Sergey Andronov has said.
“We hope that from July 1 the Druzhba pipeline will work in its entirety,” he told reporters.
e Druzhba pipeline was shut down in April a er it was found that millions of barrels of oil had been contaminated with organic chlorides. e incident is one of the biggest disruptions in Russian oil exports in history.
June 15 2019
INK to build pipeline to expand exports
Irkutsk Oil (INK), a mid-sized oil company working in Eastern Siberia, has received approval from state design agency Glavgosekspertiza to build a pipeline between a collection point at the Markovskoye oil eld to the Eastern Siberia – Paci c Ocean (ESPO) pipeline.
ESPO is used to ship oil to China and
the Asia-Paci c region. e new project will enable INK to boost ESPO supplies to 190,000 barrels per day.
June 16 2019
Transneft to export 233mn tonnes of oil in 2019
Russian oil pipeline operator Transne still intends to export 233mn tonnes of oil this year, company vice president Sergey Andronov was reported as saying by state news outlet RIA Novosti.
Russian oil exports were disrupted in April as a result of the contamination of oil at the Druzhba pipeline.
June 18 2019
Russia’s Transneft expects
Druzhba back to normal in
2-3 months
Russian oil pipeline monopoly Transne expects operations at the troubled Druzhba pipelinetoreturntonormalandrunatfull capacity in two to three months, the VP of the company Roman Sharipov said on June 11 as cited by TASS
As reported in May, the transit of Russian oil via Druzhba pipeline has not yet been resumed due to persisting technical problems in Poland and Germany, and the uncertainty over the mechanisms of compensation for botched supplied of crude to European re neries.
Transne reportedly expects the compensation payments to be settled over the same timeline, and does not yet change its outlook for oil pipeline supplies for 2019.
e ongoing troubles with Druzhba and Ust-Luga port have cut Russia’s oil exports by 3.22% in May as compared to April, while oil output declined by 1.1%.
An uncon rmed report by Reuters claimed that while in the rst three days of June daily oil output in Russia hit the minimum since summer 2016, the average output has started to recover and inched up from 10.87mn barrels per day to 11.04mn bpd as of June 10 (11.11mn bpd in May).
June 18 2019
Gazprom, Shell, Repsol to
launch drilling on Gydan by
March 2020
Russia’s Gazprom Ne , in partnership with Royal Dutch Shell and Spain’s Repsol, aims to spud an exploration well on the Gydan Peninsula by March next year,
Week 24 19•June•2019
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