Page 14 - Euroil Week 48 2019

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NEWS IN BRIEF
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An investigation team comprising PSA specialists is now starting its work.
Stat ord is a eld in the Tampen area in the northern part of the North Sea, on the border between the Norwegian and UK sectors. e Norwegian share of the eld is 85.47%. Equinor last month marked the 40th anniversary of the start of production at the project.
December 3 2019
Serbia’s Petrohemija to
invest €15.4mn in 2020 to
boost processing capacity
Serbia’s state-owned petrochemical plant HIP-Petrohemija will invest €15.4mn in 2020 to increase its processing capacity, eKapija reported.
e decision on the investment comes as Petrohemija’s performance in the rst ten months of 2019 was worse than planned. e company’s Ebitda stood at RSD740mn (€6.3mn) through October.
Following the investment, Petrohemija’s processing capacity should increase to 1,550 tonnes a day from 1,350 tonnes. Its Ebitda is projected at RSD100mn next year.
HIP-Petrohemija JSC is the largest producer of petrochemicals in Serbia
and an important company within the chemical industry of Southeast Europe. e government has several times said that it intends to call a tender for its privatisation but plans have failed so far.
According to the latest plan, the government was supposed to call a tender for its privatisation this year, and local media reported that Russian, Polish and Romanian companies were interested in the company.
In March 2017, Serbia’s economy ministry issued a public call for letters of interest for three state-owned chemical plants, including HIP-Petrohemija. e government hoped Russia would be interested in the three companies, especially in HIP-Petrohemija, since NIS was HIP-Petrohemija’s largest creditor (the debt was paid by the government later in the year). e main raw material used by Petrohemija is petrol produced by the NIS re nery in Pancevo.
December 3 2019
Montoir-de-Bretagne LNG
terminal fully booked from
2023 to 2035
In order to response to market signals for regasi cation capacity, Elengy conducted a commercial operation for Montoir- de-Bretagne LNG terminal, from July to
November 2019. e open subscription period (OSP) consisted of o ering the not yet subscribed regasi cation capacity, i.e. more than 3.5bn cubic metres (bcm) per year, for the period 2021 to 2035. e operation was endorsed by the French Energy Regulatory Commission (CRE).
As a result of this operation, the Montoir- de-Bretagne terminal is now fully booked between 2023 and 2035. And only few capacities remain available in 2021 and 2022. is result re ects the dynamism of the LNG market , as well as the appetite
for regasi cation capacity in France,
gateway to North-West Europe gas markets. Furthermore, it shows that gas has an important role to play in the energy transition in Europe in the coming years.
In order to better meet clients’ expectations, Elengy and its subsidiary Fosmax LNG, owner of the Fos Cavaou LNG terminal near Marseille, are now willing
to study the di erent development options
for o ering capacities at Fos Cavaou LNG terminal beyond 2030 and at Montoir-de- Bretagne beyond 2035. ese two sites o er direct and attractive access to European markets, with their strategic position on the Mediterranean and Atlantic coasts. eir wide o er also make them competitive LNG hubs: cargoes unloading, ship reloading, ship to ship transshipment, cooling-down, gassing-up, LNG bunkering, truck loading...
Commissioned in 1980, Montoir-de- Bretagne LNG terminal, part of Nantes-Saint- Nazaire Port, o ers market players an e cient facility with 360 000 m3 of storage capacity and two berths, capable of accommodating LNG tankers up to 267 000 m3 (Q-Max).
Elengy has signi cantly invested in recent years to transform and modernise this infrastructure. Montoir-de-Bretagne LNG terminal is the leader in Europe for LNG transshipment operations, a service implemented in April 2018.
December 3 2019
Russian tanker carrying US LNG cargo heads to Spain
A Russian tanker that was loaded with LNG at Cheniere Energy’s Sabine Pass terminal on the US Gulf Coast is heading to the Huelva terminal in Spain, Reuters reported on November 28 citing Re nitiv Eikon data.
According to the data, showed that a oating storage and regasi cation unit (FSRU), the Marshal Vasilevskiy, which can also act as an LNG vessel, is due to arrive at Huelva on December 9.
Reuters cited industry sources as saying that commodity trader Gunvor had leased the Marshal Vasilevskiy from Russia’s Gazprom.
e Russian company accounts for around a third of supply to the European gas market,
but does not ship natural gas to Spain via pipeline, though it has previously shipped LNG to the country. Gazprom has said that LNG supplies from the US to Europe do not rival its own deliveries as they are more competitively priced.
December 4 2019
Court bans Greenpeace protests at Shell platforms
Oil major Shell has won a court order against Greenpeace aimed at preventing environmentalists from boarding the company’s oil installations in the North Sea.
In October, Greenpeace protested on the Shell-operated Brent eld in the North Sea against the company’s plans to leave parts of old oil structures with 11,000 tonnes of oil in the North Sea.
Following the protest, Shell sought an order from the Edinburgh court to ban protests near the company’s platforms.
Shell called on Section 21 of the Petroleum Act 1987, which automatically establishes 500-meter safety zones around installations which are stationed, being assembled or being dismantled in waters within the UK Continental Shelf. Under the act, it is an o ense for any vessel to enter or remain in the safety zone except in accordance with regulations made by the Secretary of State
or a consent given by the Health and Safety Executive.
BBC reported that the judge had concluded that since the installations were private property, Shell had a legal right to stop the climate activists from accessing them. e news agency also reported that the judge had ruled that given the physical state of the installations, protesters could injure themselves.
December 4 2019
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Week 48 05•December•2019