Page 18 - FSUOGM Week 45

FSUOGM PERFORMANCE FSUOGM

KMG’s liquids output down

6.6% in Jan-Sep

KAZAKHSTAN KAZAKH state-run oil and gas company “Gas transportation through KMG’s gas
KazMunayGas (KMG)'s oil and gas condensate pipelines decreased by 14.7% to 63.448bn cubic
The decline was production amounted to 16.423mn tonnes in metres. The decline is mainly attributable to
driven by Kazakhstan's the first nine months of 2020, down by 6.6% y/y, lower Central Asian gas transit volumes to
commitments under the KMG said in a statement. Natural and associated China, lower transit volumes of Russian gas from
OPEC+ deal. gas production decreased marginally by 0.9% to PJSC Gazprom through the territory of Kazakh-
6.173bn cubic metres. stan, a decrease in export supplies of Karacha-
The decline in liquids was driven by Kazakh- ganak gas to Russia, and lower export volumes
stan’s commitments under the global oil produc- of Tengiz gas due to a decline in its production,”
tion cut agreement, which was agreed after the KMG said.
oil price collapse amid the coronavirus pandem- The sales volume of KMG’s own produced oil
ic-driven fall in demand for hydrocarbons across and gas condensate fell by 4.5% y/y to 17.011mn
the world. tonnes in January-September.
Oil transportation decreased by 5.9% to “The domestic supply of own produced oil
55.225mn tonnes in the first nine months of the and gas condensate amounted to 4,955 thou-
year, KMG noted. The volume of oil transpor- sand tonnes, including crude oil supplies from
tation through the trunk pipelines decreased by KMG-operated assets (JSC OzenMunayGas,
4.6% y/y to 48.015mn tonnes, KMG said. JSC EmbaMunayGas, and Kazakhturkmunay
“The decrease is attributable to the lim- LLP) in the amount of 2,500 thousand tonnes
ited oil supply from CNPC Aktobemunaigas to Atyrau and Pavlodar refineries for further oil
JSC due to finding an crucial excess of orga- refining and sale of oil products,” KazMunayGaz
no-chlorine compounds in oil in January 2020, said.
the decrease in oil supply from oil companies “Exports of sales gas reached 5,936mn cubic
operating the Kumkol group of fields, affected metres, of which 88% was exported to China
by the natural decline in oil production, under the agreement dated in October 2018 on
and restrictions under OPEC+ agreement,” the supply of natural gas to China in the amount
KazMunayGaz mentioned. of up to 10bn cubic metres,” KMG said. “Because
KMG said offshore oil transportation had of the pandemic in the first nine months of 2020,
decreased by 13.9% y/y to 7.210mn tonnes, due gas exports to China were below the planned
to lower volumes in the Mediterranean Sea as a volumes; however, actual export volumes were
result of adverse weather conditions and delays unchanged compared to the first nine months of
in loading anticipation. last year”. ™

P18 www. NEWSBASE .com Week 45 11•November•2020