Page 15 - FSUOGM Week 07 2020

FSUOGM
FSUOGM
(digitalisation) and managing consumption (energy e ciency),” Kobolev wrote on his Facebook page as cited by Interfax Ukraine.
“Of the pleasant things, the Na ogaz team is positively perceived by the market because we “keep our promises and adhere to the values declared”. And such things are inspiring,” he added.
e government of Ukrainian President Volodymyr Zelenskiy has said it wants to re- launch the failed privatisation programme, but many companies, including Na ogaz, require extensive reform before they can go to market.
Na ogaz unites the largest oil and gas producing enterprises of the country. e group is a monopolist in storing natural gas in underground storage facilities
and transporting oil through pipelines throughout the country.
bne IntelliNews, February 17 2020
Gazprom points to Turkey’s downturn as reason for 35% decline in Russian gas supplies
Russian gas supplies to Turkey fell by 35.3% y/y to 15.51bn cubic metres (bcm) last
year due to the downturn in the Turkish economy, Kremlin-controlled gas giant Gazprom said on February 14.
Turkey was thus Gazprom’s third-largest gas consumer among European countries in 2019 a er Germany (53.5 bcm) and Italy (22.1 bcm).
Russia has a new pipeline via which
it can supply gas to Turkey, namely TurkStream, but at the same time it faces new competition in making such supplies from Azerbaijan. It has started pumping
gas to Turkey through the Trans-Anatolian Pipeline (TANAP) which is part of the Southern Gas Corridor that, once the Trans-Adriatic Pipeline is nished—the completion of construction is expected later this year—will transit gas all the way from Azerbaijan to Italy.
In late January, Gazprom announced
it had supplied an initial billion cubic metres (bcm) of gas through TurkStream. Approximately 54% of this volume was delivered to the Turkish gas market, while the remaining 46% was transported to the Turkish-Bulgarian border, the Russian energy major said.
e o cial launch ceremony for TurkStream was held on January 8 in
Turkey. TurkStream stretches across the bottom of the Black Sea to unite the gas transportation grids of Russia and Turkey.
e pipeline consists of two lines, with a total capacity of 31.5 bcm. e rst line is intended for gas supplies bound for Turkey, while the second line is to deliver gas to southern and southeastern Europe via a hub on Turkish territory. Bulgaria is supposed
to forward some gas supplies that arrive
via Turkey onwards to other markets in southeastern Europe but has su ered delays in constructing its stretch of the TurkStream system.
bne IntelliNews, February 17 2020
ONGC hires Belorusneft for EOR project
India’s state-run Oil and Natural Gas Corp. (ONGC) has hired a Belarusian oil and gas company to provide enhanced oil recovery (EOR) services at six of its mature oil elds.
ONGC has awarded a nine-month research contract for surface-active agent formulae to Belorusne , news service BelTA reported on February 17. BelTA cited unnamed specialists from the Belarusian company’s research division, BelNIPIne ,
as saying the Indian elds had high water content.
e specialists added that the study would use laboratory tests to determine which compounds of surface-active agents were most suitable for each eld. Screening and ltration tests will then be performed on drill samples in a simulated setting. e test results will help with the development computer hydrodynamic models designed to evaluate the reagents’ e ectiveness.
is is not Belorusne ’s rst oil eld services contract in India, with the company having previously partnered with state-run Oil India Ltd (OIL) on the latter’s Digboi and Chabua elds.
ONGC’s contract is part of a wider push by India’s largest oil and gas developer to reverse a multi-year decline in production.
ONGC’s crude and condensate production in the October-December quarter shrank by 3.5% year on year
to 5.82mn tonnes (464,000 barrels per
day) while gas output slid 7.7% y/y to 6.17bn cubic metres. In the nine months
to December 31, the company produced 17.53mn tonnes (467,000 bpd) of oil, down 4.3% y/y, while gas output slid 2.1% to 18.86 bcm.
e state oil producer invited bids for production enhancement contracts
(PECs) at 64 onshore elds, which were split into 17 contract areas, in June 2019. Indian newswire PTI reported last month that bidding had closed on January 17, and the round had received o ers from 12 contractors interested in boosting production at 50 of its elds.
bne IntelliNews, February 19 2020
CENTRAL ASIA & SOUTH CAUSASUS
Kazakhstan eyeing further
oil output cut of 20,000-
30,000 bpd
Kazakhstan is considering further cutting its oil output by 20,000-30,000 barrels per day based on a proposal by the technical committee of a global oil producers’ pact, Energy Minister Nurlan Nogayev said on February 11.
Kazakh authorities have previously said they aimed to keep production at an approximate level of 90mn tonnes for the next 2-3 years. Total output stood mostly unchanged in 2020 (90.5mn tonnes), compared to 2019.
e output issues will be discussed during a meeting of pact members including OPEC countries and Russia in either late February or early March, Nogayev said.
In terms of Kazakhstan’s three largest oil elds, in 2019 output was 29.8mn tonnes at Tengiz, 11.3mn tonnes at Karachaganak and 14.1mn tonnes at Kashagan, according to the preliminary data.
Kazakhstan’s Energy Ministry said on January 28 that the Central Asian nation’s biggest oil eld, Tengiz, is scheduled to decrease its output to 28.5mn tonnes in 2020.
bne IntelliNews, February 12 2020
Russia’s Gazprombank ‘committed to building up Azerbaijan’s petrochemical industry’
Russia’s Gazprombank is committed to
the implementation of several projects in Azerbaijan, particularly in the country’s building up of its petrochemical sector, the bank’s vice president Denis Kamyshev has been quoted as saying by AzerNews.
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