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transportation of gas produced by the pipeline to Turkey and Europe within the second phase of the Shah Deniz gas condensate field operation in the Azerbaijani sector of the Caspian Sea.
The SGC project comprises the Shah Deniz-2 project, the South Caucasus Pipeline Expansion, the Trans-Anatolian Pipeline (TANAP) built in Turkey, the main pipeline of the Trans-Adriatic Pipeline (TAP) to the south of Italy through the bottom of Greece, Albania and the Adriatic Sea components.
Previous estimations for SCG completion have suggested a $45bn price tag.
Earlier on February 25, Azerbaijan announced it was in another set of discussions with Turkmenistan over the creation of a new joint venture project. Turkmenistan wants
to connect its oil and gas fields to those of Azerbaijan as means to add further revenue to its ailing economy but now has to face off with Iran, who has been opposed to any bid to route a pipe around its territory.
aPa
Qatar’s liquefaction
capacity drive set to cost
$50 billion
Qatar’s ambition to raise its liquefaction capacity from the current 77 million tonnes per annum (tpa) to 126 million tpa is likely to cost more than $50 billion in greenfield investments in additional development of the giant North Field, according to estimates by rystad Energy.
The first stage of the project, estimated
to cost about $35 billion, was expected to be sanctioned this year. however, rystad Energy now estimates that it is more likely to be approved in the first half of 2021.
The expansion’s first phase includes contracts for associated onshore liquefaction and storage facilities. Tenders in play include construction of four liquefied natural gas (LNG) trains, utilities and offsite facilities, a helium recovery unit, non-technical buildings,
warehouses, workshops, and associated facilities. The second stage of the expansion is likely to get the green light at the earliest by 2023.
With the present situation of low gas prices operator Qatar Petroleum is re-evaluating
the commercial outlook of its North Field Expansion (NFE) project before reaching
out to international partners. Furthermore, the commercial bid deadline for liquefaction facilities has been extended to the second quarter of 2020.
Given the anticipated delays in formal sanctioning of the project, rystad Energy
has lowered its total forecast for capital expenditure in the Middle East, predicting about $21.3 billion of investments will get the go-ahead in the region this year, compared with the previous estimate of more than $56 billion.
rystad energy
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Week 09 04•March•2020