Page 14 - FSUOGM Week 26

FSUOGM
NEWS IN BRIEF
FSUOGM
Gazprom re-elects board
e shareholders of state-owned Russian gas producer Gazprom have re-elected the company’s entire board, including chairman Viktor Zubkov, according to Russia’s PRIME news agency.
e board of directors also comprises Gazprombank CEO Andrei Akimov, Industry and Trade Minister Denis Manturov, Gazprom CEO Alexei Miller, Energy Minister Alexander Novak and Agriculture Minister Dmitry Patrushev.
July 28 2019
Gazprom targets 198.6-
201.1bcm in non-CIS gas
sales in 2019
Russia’s state-owned Gazprom expects its natural gas supplies to non-CIS countries
to reach 198.6–201.1bn cubic meters in
2019, just shy of the record 201.9bcm of gas delivered in 2018, CEO Alexei Miller said in a news conference on June 28.
“We are saying today that our export forecast for Gazprom’s pipeline gas to the markets of the EU and Turkey in 2019 lies in a range from 198.6 billion cubic metres to 201.1 billion cubic metres,” he said a er an annual general meeting of the company’s shareholders.
is forecast may be adjusted very soon, he said.
Gazprom currently commands a 35.5- 37.5% share of the European gas market, according to Miller. He also revealed plans for the company to pump more than the intended 11.4bcm of gas into European underground gas storage (UGS) facilities before the onset
of the next heating season. “We will pump as much as we can,” he said.
July 28 2019
Gutseriyev reveals Afipsky overhaul plans
Russian businessman Mikhail Gutseriyev has revealed plans to modernise the debt-laden 120,000 barrel per day A psky re nery in southwestern Russia, improving its conversion ratio.
Speaking with reporters, Gutseriyev noted that the plant was managed by one of his companies, ForteInvest, which is evaluating its nancial situation and upcoming modernisation plans. A new hydrocracker should be installed at the site within the
next two and a half years, Gutseriyev said, transforming A psky into one of Russia’s most modern processing plants. He said it was too early to say how much this unit would cost, however.
e plant secured a reverse excise tax on its feedstock earlier this year, serving as a subsidy. In return, its management have pledged
to revamp the plant to produce more light products such as gasoline and diesel for the domestic market.
Management reported on June 28 that re nery had restored processing operations in May, following Gutseriyev’s takeover. Previously the plant had been forced to halt work because it could not a ord feedstock. Some 300,000 tonnes of oil was processed
in May, up 67% compared with April. e plant is expected to process a further 514,000 tonnes in June.
June 28 2019
SOCAR AQS wraps up
drilling at Gunashli field
ahead of schedule
SOCAR AQS, an oil eld services arm of Azerbaijan’s national oil concern SOCAR, has completed well #342 at o shore platform #7 at the o shore Gunashli eld, the local Trend news agency has reported, citing the company.
e well was drilled to a depth of 2,660 metres.
“ e Bentec 3000 HP new generation drilling rig was used for carrying out the operations,” Oqtay Baghirov, head of the department for supervision of operation, said. “ e productive strata 10 of Balakhani suite was opened and the well was handed over to the customer. e actual drilling speed was 1,698 metres per month.”
According to Baghirov, the work was completed 50% faster than the customer had required thanks to optimisation of the drilling process. e Gunashli eld is operated by SOCAR’s Azne production division.
June 28 2019
Gazprom increases gas output by 2.3% in 6M-2019
Gazprom produced an estimated 258.7bn cubic metres (bcm) of natural gas in the
rst six months of 2019 – up 2.3% y/y and representing its highest six-month output in eight years. Natural gas demand in Russia fell
by 2% in the period to 124.8bcm, while sales to Europe dropped 5.9% to 95.3bcm.
Exports to several countries were up, however, including Hungary by 67.2%, Austria by 28.5%, the Czech Republic by 48.2%, Slovakia by 21.1%, the Netherlands by 6.4% and Italy and France by 1.5%.
Construction of the Nord Stream 2 gas pipeline continues. At present, 1,501 km of pipe – about 61.2% of its total length – have been laid in the Baltic Sea.
Gazprom (Russia), July 1 2019
Belarus exports of oil
products shrink by
17.3%y/y in January-April
Belarus reduced the physical volume of oil products export by 17.3% year-on- year in January-April due to supplies of poor-quality oil from Russia, according to the nation’s Deputy Prime Minister Igor Lyashenko.
“ ere are two reasons. e restriction on importing hydrocarbon raw materials by rail for consequent processing as of 1 November 2018 and the polluted oil situation,” state news agency BELTA quoted Lyashenko as saying on June 28.
In April, Belarus, Ukraine and some Central European countries and Germany suspended oil imports via the Druzhba pipeline a er nding contaminants that can damage re nery equipment. Russia’s law enforcement agencies and oil pipeline operator Transne launched a criminal investigation into possible deliberate contamination of oil.
During the rst week of the crisis, Minsk reduced the workload of Mozyr oil re nery by around 40%, and Na an’s re nery by around 50%. Belarus estimates its revenue losses at around $100mn as a result of Russia’s supplies of low-quality oil, according to Belne ekhim. Belarus has also been forced to suspend exports of light oil products to Ukraine, Poland, and the Baltic states due to its receipt of low-quality Russian oil.
bne Intellinews, July 2 2019
Gasoline prices in Russia
rise after price freeze
expires
Motor fuel prices started to rise in Russia a er the government gave up the price control deal closed with the largest oil companies in 2018,
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Week 26 03•July•2019