Page 14 - FSUOGM Week 12 2021

FSUOGM NEWS IN BRIEF FSUOGM

in TNK-BP, said its voting rights in Rosneft development of innovative technologies for cashflows, discounted at 10%, they were put
remained unchanged at 19.75%. utilisation of methane-hydrogen fuel. at $139.8mn, it added.
The large-scale implementation of such For 3P reserves (proven and probable
technologies will create additional demand and possible) plus high estimates, the
Lukoil takes Arctic dispute for natural gas as a feedstock for hydrogen total was given as 62.4 bcf with a value of
$243.3mn.
production.
with Rosneft to Supreme is viewed as a secondary energy source group's Cendere oil field in Turkey as well
In the statement, it says that hydrogen
The report assessed oil reserves on the
Court and most of the current foreign projects as four developed, unproduced gas pools on
announced in this field are funded by state
the SASB gas fields in the Black Sea.
The conflict between the companies have subsidies and reliefs, and there is no general In Bulgaria, Trillion Energy has
raged since 2018 when state-owned Rosneft global market of “energy” hydrogen today.. the Vranino 1-11 block, a prospective
complained to the Federal Antimonopoly unconventional natural gas property.
Service about Lukoil’s tariff level on
shipments from Varandey, the terminal on Gazprom to stop Power
the coast of the Pechora Sea.
According to Rosneft, the tariff level in of Siberia pipeline for CENTRAL ASIA & SOUTH
Varandey is inflated and should be reduced
by more than 50%. Lukoil disputes the maintenance on April 1-7 CAUCASUS
claim, but has lost the case in lower courts.
The case will now be taken to the Supreme Gazprom will suspend gas transportation Kazakh firm OLISOL
Court, Kommersant reports over the Power of Siberia pipeline because
At the core of the dispute are the Titov of the scheduled maintenance from April 1 announces boost in oil
and Trebs oil fields in the far northern to 7, the Russian gas holding said on March
Nenets Autonomous Okrug. The fields are 23. production
operated by Bashneft-Polyus, a company "Implementation dates were agreed
controlled by Rosneft, and oil is exported between Gazprom and China’s CNPC. Almaty-headquartered OLISOL announced
through Lukoil’s Varandey terminal. Preventive maintenance of gas pipeline on March 16 that it has increased oil
Lukoil owns a 24.9% stake in the equipment and systems is performed twice production at operating wells in Kazakhstan
Bashneft-Polyus. per year, in spring and in fall, by agreement and Uzbekistan along with boosting trading of
between the parties," the company says. petroleum products in Central Asia.
The Power of Siberia is the largest OLISOL’s subsidiaries and affiliates
Gazprom discusses Russian gas transportation system in the have investments in energy and oil and gas
East of the country, used to deliver gas to
operations in Russia, Kazakhstan, Uzbekistan
hydrogen’s potential at Russian consumers in the Far East and to and Kyrgyzstan. OLISOL has worked with
Toronto-listed Tethys Petroleum Limited in
China. Export capacity of the gas pipeline is
management meeting 38bn cubic meters of gas per year. Kazakhstan for over 10 years and is a joint
owner of the Aral Oil Terminal with Tethys.
Russia's state-run Gazprom reviewed OLISOL has its own fleet of special oil trucks
hydrogen production and utilisation, as well involved in oil transportation from Tethys’
as the export of hydrogen and methane- EASTERN EUROPE oil fields.
hydrogen mixtures within the existing Olisol has increased its stake in Tethys to
gas infrastructure, at its Management Turkey, Bulgaria focused 23.4% and remains optimistic for the near-
Committee meeting. term outlook. Tethys is developing three
Significantly, Gazprom said in oiler Trillion Energy issues oil and gas fields in Kazakhstan – Kul-Bas,
a statement that it is important for Akkulka and Kzyloy. Tethys reported an
the company to accumulate its own reserves report updated reserve report on the Kul-Bas field
technological competencies in the field of that demonstrated 224.3mn total proven and
hydrogen energy through the use of the Turkey and Bulgaria-focused oiler Trillion probable oil reserves. Tethys is planning to
unique properties of natural gas in regard to Energy International Inc has issued its 2020 prioritise drilling in Kul-Bas to “prove up”
eco-friendliness and cost efficiency. end of year reserves report, Proactive has the field in 2021.
The company noted that many counties reported. New gas wells AKK-100 and AKK-101
view hydrogen as an area essential for the Total reserves for 2P (proven and were successfully put into operation at the
implementation of national low-carbon probable) of discovered but non-producing Akkulka field. Tethys is currently planning
development strategies. prospects along with a medium estimate for to set up four additional wells at Akkulka in
Because of this, Gazprom said it risked development prospects was 40.3bn 2021.
is considering several areas for using cubic feet (bcf), the company said. With
hydrogen as an energy source including the a combined net present value of EBITA/

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