Page 13 - EurOil Week 30 2021

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Gazprom to pay €349.4mn preserving the existing gas transit via subsea installation comprising four wells;
three oil producers and one gas producer.
Ukraine.
in advance to use Bulgarian northeast of the Gjøa field and the subsea
The field is located 14 kilometers
stretch of TurkStream Biden invites Zelenskiy template is tied into existing subsea
infrastructure on Gjøa. From there, the
pipeline as Nord Stream 2 plan product stream will be routed from Duva
to the platform on the Gjøa field for
Russian energy giant Gazprom is ready to emerges processing and export.
pay BGN683.3mn (€349.4mn) in advance The oil will go to Mongstad in Vestland
to book capacity on the Bulgarian stretch of The White House announced that it had county, while the gas will be sent to the
the TurkStream gas pipeline, the state-owned invited Ukrainian President Volodymyr United Kingdom.
gas network operator Bulgartransgaz said on Zelenskiy to visit on August 30. Zelenskiy According to Neptune Energy, the
July 27. will meet US President Joe Biden, and project costs around NOK 5.1 billion
The Bulgarian stretch of the TurkStream, the trip is meant to “affirm the United ($576,7 million).
dubbed Balkan Stream, has been operational States’ unwavering support” for Ukraine, “In spite of the pandemic, the project
since January 2021. It transports Russian gas whitehouse.gov published on July 21. was only delayed by a few months, and
from its southern border with Turkey to its High on the agenda will be energy Neptune Energy expects to come on stream
western border with Serbia. security. The meeting comes as the in August,” the Norwegian Petroleum
Gazprom’s export unit Gazprom Export Biden administration and Germany have Directorate said Wednesday.
has agreed to pay upfront for booked announced an agreement regarding the “Duva is the first discovery to be
capacity between July 1, 2021 and June 30, completion of the Nord Stream 2 pipeline. developed in the Agat Formation, and
2023, Bulgartransgaz said in a statement. The deal has drawn political condemnation we’re hoping for additional discoveries
The state-owned company intends to use in Washington, Berlin, Warsaw and Kyiv, and developments in the same formation.
BGN461mn of the sum paid by Gazprom politico.com reported on July 21. This development is a good example of
to make advance payments to Saudi-led “The issue of the completion of Nord how to utilize existing infrastructure in
group Arkad, which has built the pipeline for Stream 2 has been covered in the press adjacent licenses in tail-end production to
€1.1bn. extensively for years. The consequences are achieve good, cost-effective solutions for
Part of the sum will be used also to cover also well known. What has gotten lost in the companies and society,” says Kalmar
€65mn in loans to commercial banks.. the noise of the last few days has been the Ildstad, Director of licence management in
potential repurposing of Ukraine’s GTS for the Norwegian Petroleum Directorate.
transporting hydrogen. The Politico report
Lithuanian foreign minister pointed to environmental issues, such as Neptune secures subsidy
cheaper Russian gas, via Nord Stream 2,
calls Nord Stream 2 deal replacing dirtier coal. However, an analyst in for Dutch hydrognen project
it also pointed to this massive argument over,
‘major victory’ for Putin effectively, a legacy fuel as “insane”, and with The Dutch government has this week awarded
the prospect of a) weaning Europe off dirtier
The recent deal between the United States fuels, b) weaning Ukraine’s government off a 3.6 million euro subsidy to the PosHYdon
and Germany on the Nord Stream 2 pipeline Russian payments (and thus, blackmail), and project, dubbed the world’s first offshore green
was a “mistake”, Lithuanian Foreign Minister c) creating a massive clean fuel production hydrogen pilot on a working platform.
Gabrielius Landsbergis said on July 22. industry within Ukraine itself – one just With this subsidy, the companies which are
“I believe it’s a mistake and that mistake as strategic in transmission terms as the part of the PosHYdon, can start up all activities
will cost dearly,” Landsbergis told reporters current GTS, then pushing green hydrogen for this pilot. The remaining budget will be
in Vilnius on Thursday. in Ukraine must become a refrain in funded by the consortium partners.
“I see possibilities to resolve that mistake, Washington, Berlin and Kyiv,” an analyst at The following partners have joined the
if Ukraine was offered a Nato membership the Kyiv-based Concorde Capital brokerage PosHYdon consortium: Nel Hydrogen,
action plan or the launch of the gas pipeline said in a research note. InVesta, Hatenboer, IV-Offshore & Energy
was used as leverage to demand withdrawal and Emerson Automation Solutions.
of Russian troops from Ukraine’s territories,” Nexstep, TNO, Neptune Energy, Gasunie,
he said. Neptune gets Duva Noordgastransport, NOGAT, DEME Offshore,
The new gas pipeline is “a major victory” TAQA, and Eneco joined this group last year
for Russian President Vladimir Putin, said greenlight off Norway already.
Landsbergis, adding that “he needs to pay a PosHYdon seeks to validate the integration
really high cost for that victory”. The Norwegian oil and gas authorities of three energy systems in the Dutch North
As part of the agreement reached between have approved the start-up of the Neptune Sea: offshore wind, offshore gas, and offshore
the US and Germany on Wednesday, Energy-operated Duva field in the North hydrogen and will involve the installation of
Washington will renounce plans to impose Sea. hydrogen-producing plant on the Neptune
sanctions on companies taking part in the Neptune Energy estimates the reserves Energy-operated Q13a-A platform. The
Nord Stream 2 project. The EU, meanwhile, at around 71 million barrels of oil Q13a-A is the first fully electrified platform in
keeps the right to impose sanctions on equivalent to be at the field. the Dutch North Sea, located approximately 13
Moscow if it uses the pipeline for coercive The Duva oil and gas field - located in kilometers off the coast of Scheveningen (The
means. production licence 636 - was discovered Hague).
The agreement also states the goal of in 2016 and is ready for a start-up with a

Week 30 29•July•2021 www. NEWSBASE .com P13