Page 14 - FSU OGM Week 11 2021

FSUOGM NEWS IN BRIEF FSUOGM

"The crew has been quarantined in the field belonged to Turkmenistan. to Tajikistan, accounting for over 90% of
Podgorica until today and their boarding on The situation recently changed after Tajik LNG imports. Tajikistan imported
the Topaz Driller has begun," Hydrocarbons Turkmenistan joined infrastructure projects 420,000 tonnes of LNG from Kazakhstan last
Administration said Monday. and transport corridors leading to Europe. year.
The rig is expected to begin the drilling The memorandum on cooperation in In the Tajik capital, Dushanbe, the price
operation by March 25, 2021. developing the field was reached during the of LNG has risen by 12% since the beginning
It is planned that the drilling of the first Turkmen leader’s visit to Baku earlier in of 2021, primarily driven by a general rise in
exploration well, which is located 28 km March. global oil prices in the period, Asia-Plus said.
from the shore, will last between 120 and The field is estimated to hold 50mn
180 days, and that by the end of 2021 it will tonnes of oil.
be known whether there are commercial Gazprom delegation,
hydrocarbon deposits at the site.
The second exploration well, which Turkmen gas production Ulaanbaatar officials
is also part of the Work Program of the
contract in question, will be slightly closer 10% above planned level in consider Mongolia role
to the shore, at a distance of about 18 km.
Eni entered Montenegro's upstream Jan-Feb for Russia to China gas
sector in 2016, when it, together with
Novatek, signed a concession contract Turkmen vice chairman of the Cabinet of pipeline
with the government of Montenegro for Ministers Shahym Abdrakhmanov told a
exploring four offshore blocks. government meeting that Turkmenistan’s A Gazprom delegation and Mongolian
For the Montenegro operations, Eni natural gas production exceeded its targets government representatives on March 11
hired Vantage Drilling's 2009-built Topaz by 10.2% y/y in the first two months of 2021, approved a construction action plan that helps
Driller jack-up drilling rig back in July state-run Turkmen oil and gas company pave the way for laying the Mongolia section of a
2020. The rig was last used by Vaalco for Turkmengaz said on its website. Turkmen gas pipeline that will run from Russia to China,
drilling operations in Gabon in early 2020.. export of gas stood at 8.5% above its target in Montsame News Agency reported.
the period, he added. The plan states that a detailed feasibility
The report did not specify any production study for the pipeline section will be
or export figures. At the same time, the completed by 3Q21, after which a special-
CENTRAL ASIA & SOUTH export figure cited by Abdrakhmanov purpose company that is to lay the
appears unreliable. China's 20% y/y cut in infrastructure will intensify its activities.
CAUCASUS Turkmen gas imports brought in last April The plan also reportedly delineates
has been a major blow to the gas export- responsibilities and roles for a pipeline
Turkmenistan and dependent Central Asian nation, given that delivery working group.
China accounts for 90% of Turkmen gas
The Mongolian government has said
Azerbaijan to move ahead exports altogether. A major ramp-up in that the project will make an important
contribution to economic growth by serving
gas exports is unlikely given the ongoing
with jointly developing COVID-19 pandemic. as a gas bridge between Russia and China..
Abdrakhmanov also cited petrol output

Dostlug oil field in Caspian in January-February, saying it exceeded its
target by 5.9%, while diesel fuel production
Turkmenistan and Azerbaijan will move rose 2.3% above its planned volume.. Nostrum Oil & Gas confirms
ahead with jointly developing the long- estimates at Kazakh
disputed hydrocarbon field in the Caspian
Sea, recently named Dostlug, AKIpress Suspension of liquefied gas Chinarevskoye reserve at
reported on March 15. Turkmenistan’s
parliament ratified a relevant memorandum output at Kazakh refinery 39mn boe
on the field’s development on March 13.
An official agreement on the field’s 'may affect Tajik market' The London-based exploration and
development is set to be signed by the production firm Nostrum Oil & Gas said
leaders of the two countries, Turkmenistan's Kazakhstan’s Atyrau Refinery has suspended on March 11 its audit has confirmed the
Gurbanguly Berdimuhamedov and production of liquefied natural gas (LNG) due management estimates of reserves at the
Azerbaijan's Ilham Aliyev, at an upcoming to technical issues, Kazinform reported. north-western Kazakhstan’s Chinarevskoye
meeting this month. Russia and Turkey The plant in Atyrau is one of the reservoir at 39mn barrels of oil equivalent
intend to participate in the project. three large refineries in Kazakhstan. The (boe).
Azerbaijan previously repeatedly development is expected to impact the The company said the audit was
offered Turkmenistan the option of jointly availability and prices of LNG in Tajikistan, completed by Ryder Scott and has also
developing the field, but Turkmenistan Asia-Plus news agency reported. Kazakhstan confirmed management estimates of the
continuously rejected the offers, saying stands as one of the main suppliers of LNG Rostoshinskoye contingent resources at

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