Page 14 - FSUOGM Week 37 2021

FSUOGM NEWS IN BRIEF FSUOGM

be offset entirely by output disruptions infrastructure, Piotr Naimski, told the state CENTRAL ASIA & SOUTH
elsewhere, the International Energy Agency newswire PAP.
said on Tuesday. Global production should "We certainly are not going to be CAUCASUS
start growing again in October, it said. dependent on Russian supplies [and] will
The CDU-TEK statistics do not give a not renew the contract with Gazprom," Vitol, SOCAR agree to
breakdown between production of crude Naimski said.
and a light oil called condensate, making The Baltic Pipe is expected to supply transport Turkmen oil via
it difficult to pinpoint which variety is Poland with up to 10bn cubic metres of gas,
driving growth. The data suggest the hike adding to Poland’s domestic production, BTC pipeline
may be partly attributable to a recovery the LNG shipped to the terminal in
in condensate, given the output increase Swinoujscie, as well as to another one, to be International trading firm Vitol and
among producers that include Gazprom. constructed in the Gdansk Bay. Azerbaijan's state oil company SOCAR
"Having the technical ability to import have agreed to transport Turkmen oil via
On August 5 to 6, Gazprom’s processing from Western Europe, we would [also] be the Baku-Tbilisi-Ceyhan (BTC) pipeline
facility near Novy Urengoy was damaged able to buy gas on the spot markets when terminating in Turkey, Reuters reported on
by a fire, forcing the producer to cap needed," Naimski also said. September 8, citing anonymous sources.
its regional output of natural gas and The estimated €2bn Baltic Pipe has The agreement will lead to a sharp
condensate. As of Tuesday, the company’s now put behind problems that could have decline in transit shipments via Russia's
gas deliveries to Europe via the Yamal resulted in a delay, Naimski said, referring Novorossiisk Black Sea Port. Russia
pipeline increased to the highest level to Denmark’s authorities repealing the and Azerbaijan have long competed for
since the end of July, indicating that the environmental permit for a section of the Turkmen oil, which has been a part of Azeri
producer has been gradually bringing back project in early June. BTC flows for years. Russia, however, also
production in that area. Gas consumption in Poland is expected has a history of offtakes into the Transneft
Gazprom’s press office did not respond to boom 50% to around 30bn cubic metres pipeline system.
to a request for comment on the production annually in 2030 on the back of retiring old "SOCAR and Vitol agreed to transport
recovery, nor on the pace of repairs at the and climate-unfriendly coal-fired power about 1mn tonnes of Turkmen oil via BTC
Novy Urengoy plant. plants. pipeline per year. The supplies will start
from October," one source told the news
agency.
Price for gas in Europe Vitol supplies Turkmen oil it buys from
EASTERN EUROPE UAE's ENOC under term contracts, another
source added.
Poland not to prolong gas tops $750 per 1,000 cubic
metres, new record high
supply with Gazprom The price for gas on the European market Baku again complains Iran

Poland will "obviously" not prolong its gas has hit another record high after exceeding using Azeri roads to get fuel
supply deal with Russia’s Gazprom when it the U.S. $750 per 1,000 cubic meters mark,
expires in 2022, a government official said as seen by PRIME in the trading data on supplies to Karabakh ethnic
on September 13. September 13.
Poland is confident that the key As of September 11, the E.U.’s Armenians
investment in the plan to wean the country underground gas storages were only 70.45%
off Russian gas, the Baltic Pipe, will start full, which is by 15.5 percentage points less Iran has again come under fire from
pumping gas as scheduled in October 2022, than the 5-year average. Azerbaijan for allegedly letting trucks
the government’s proxy for strategic energy cross on to Azerbaijani territory without

P14 www. NEWSBASE .com Week 37 15•September•2021