Page 15 - FSUOGM Week 04 2021

FSUOGM NEWS IN BRIEF FSUOGM

depth (the “conversion factor”) at the Omsk to 2 m thick. The capacity of the gas pipeline in January, which will provide
Refinery. The new complex will further carrier’s power station is 45 MW. The ship additional production of 150,000 cubic
expand the premium G-Energy- and is equipped with three unique steerable metres per day of gas, the company said on
Gazpromneft synthetic lubricants product thrusters whose production is localised in January 20 as cited by Interfax Ukraine.
ranges, expected to increase Gazprom Neft’s Bolshoy Kamen at the Sapphire Steerable "This figure was achieved as a result of
market share in packaged lubricants on the Thrusters Plant, a joint venture of Rosneft the redirection of gas flow into the internal
Russian market to 25%. and GE. networks of the company, which reduced
The hydroisodewaxing complex has been The Zvezda Shipbuilding Complex is the operating pressure in the depleted field,"
designed around cutting-edge technological constructed by the Rosneft-led Consortium the division said in a message on Facebook,
and environmentally-friendly solutions. upon the instruction of President of Russia the newswire reported.
Equipment for the future facility is being Vladimir Putin. At the moment, the The gas pipeline will connect the
produced by leading Russian enterprises shipyard’s order portfolio amounts to over Chutivske and Rozpashnivske fields of the
Volgogradneftemash (Volgograd) and 50 vessels. Rosneft Oil Company placed group. The construction of the gas pipeline
Uralhimmash (Ekaterinburg). Construction an order for 28 ships at Zvezda and thus with all necessary infrastructure was
works are expected to be completed by the became its anchor customer. completed in eight months.
end of 2020. "The total throughput of the new gas
pipeline is 500,000 cubic metres per day. It
will provide gas supply for compression and
Zvezda starts building EASTERN EUROPE integrated treatment at Khrestysche booster
compressor station. Expanding bottlenecks
second ARC 7 LNG carrier JKX Oil & Gas output down in the ground infrastructure is a necessary
solution to stabilise production," Naftogaz
The Zvezda Shipbuilding Complex has 4.7% in 2020 said.
commenced the construction of the second Naftogaz Ukrainy unites the largest oil
LNG carrier tanker of the ARC 7 ice class. JKX Oil & Gas reported on January 18 that and gas companies in the country. The
The first part of the new ship was cut in its total hydrocarbon output achieved 9,825 group is a monopoly for the storage of
the hull production unit using a high-tech barrels of oil equivalent per day in 4Q20, natural gas in underground storage facilities
plasma-cutting machine. The production which is 4.1% less quarter on quarter and and the transportation of oil by pipeline
of this type of vessels, a unique event for 10.6% less year on year. Its production in throughout the country.ine, or decide to
Russian shipyards, is one of the priority Ukraine fell 8.0% q/q and 24.1% y/y to distribute some dividends.
areas of the production programme of the 4,351 boepd.
Zvezda Shipyard. In 2020, the company’s output slid 4.7%
The gas carriers are built in interests of y/y to 10,238 boepd, of which output in
PJSC Novatek for the Arctic LNG 2 project. Ukraine was 4,849 boepd (down 13.2% y/y) CENTRAL ASIA & SOUTH
The project to build the new vessels is and in Russia it was 5,389 boepd (up 4.5%
financed by VEB.RF. The Zvezda Shipyard y/y). CAUCASUS
and the companies of the VEB.RF Group JKX's cash position improved
signed contracts for the construction of significantly in 2020 on declining Uzbekistan's gas imports
15 gas carrier vessels for liquefied gas investment activity. As a result, it posted
transportation in complicated ice conditions end-2020 cash of $24.5mn, up from net cash surge 237.1 times year on
of the Northern Sea Route. The tankers will of $14.9mn at the year’s start.
be used for long-term time charter contracts The company also reported on low yield year
between Sovcomflot Group (for the pilot gas from its two new wells it drilled in Ukraine
carrier), SMART LNG LLC (a subsidiary in 2020, an IG-146 sidetrack of NN75. Uzbekistan's gas imports surged 237.1 times
of Sovcomflot Group and Novatek, for the The company’s 2020 production result in 2020 compared to the previous year,
other 14 ships in the series) and Arctic LNG fell in the middle of the range we forecasted according to the country’s state statistics
2 LLC (a subsidiary of Novatek). (down 4.5-5.0% y/y). With no encouraging committee. Gas worth $50.4mn was imported.
For the first time in history, the results from new wells in Ukraine, the Gas exports decreased by 4.7 times,
construction of liquefied gas tankers is company will continue to show output from $2.2bn to $478.1mn, mainly due to a
being done in the Russian Federation. For decline in 1H21 by about 4-6% y/y. suspension of gas exports to Russia, as well
many years, they were ordered abroad only. Meanwhile, higher gas prices in Ukraine as a threefold reduction in supplies to China
The construction of gas carrier vessels is will enable the company to boost its P&L amid the coronavirus pandemic.
one of the most technologically complex in the first half of the year and possibly Gas production dipped by 10.8bn cubic
processes in the global shipbuilding improve its cash position. At the moment, metres, or 17.8%, from 60.5bn to 49.7bn
industry. The Zvezda Shipyard Complex it’s not clear whether the company will cubic metres.
implements these projects with the use its accumulated cash to pursue new On December 16, President Shavkat
equipment unique to Russian shipyards and drilling operations in Ukraine, or decide to Mirziyoyev issued an instruction for a
with advanced world-class technologies. distribute some dividends. reduction in the volume of gas exports to
Liquefied gas tankers of ice-class Arc7 meet growing demand among the population
are designed to transport liquefied natural amid shortages largely blamed on decrepit
gas and can perform in severe climate Naftogaz launches new infrastructure.nts to cuts at a rate of 98% in
conditions. The length of the vessel is 300 November.
m, width 48.8 m, capacity of cargo tanks 18.8-km gas pipe, providing
172,600 m3. These vessels feature increased
environmental safety; they use liquefied production boost
natural gas as their primary fuel.
The gas carrier’s design allows it to The Naftogaz exploration and production
individually pull through the ice of up division launched a new 18.8-km gas

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