Page 14 - FSUOGM Week 33 2022

FSUOGM NEWS IN BRIEF FSUOGM

Fitch says any prolonged following a shutdown, the NCOC operating fee for gas heating from October 1 for two
years.
consortium said on August 3.
CPC pipeline disruptions August 3. The field was shut following signs collapse of the German energy market, and
Output was halted due to a gas leak on
"The alternative would have been
may hit KazMunayGas' of a gas leak, which led to the closure of the with it large parts of the European energy
Bolashak oil and gas treatment unit. The
market," the official said as cited by Reuters.
metrics leak may have resulted from the corrosion not discontinue the supplies, otherwise
Habeck said he hoped that Russia would
of pipelines or equipment, Argus media
Fitch Ratings said on August 10 that any reported. Germany would have to seek alternative
prolonged disruptions to KazMunayGas’s "We are announcing a gradual sources, including of liquefied natural gas.
main hydrocarbon export route, the resumption of production on the night of
Caspian Pipeline Consortium (CPC) August 9-10," NCOC said.
pipeline and terminals at Russia’s Transneft expects Ukraine
Novorossiysk port, would adversely affect
the firm’s credit metrics, though not Novikombank to finance to confirm payment for
necessarily the company’s rating.
“The impact will depend on the duration RUB3.3bn hydraulic transit to Czechia
of disruptions. KMG’s current solid
financial profile on the back of high oil and fracturing units Russian oil pipeline monopoly Transneft
gas prices and strong liquidity will cushion is waiting for Ukraine to confirm payment
its credit metrics,” Fitch said. Russia’s Novikombank has signed an for oil transit to the Czech Republic before
“Approximately 60% of oil and gas agreement with Corporation Moscow starting pumping, Igor Dyomin, advisor to the
condensate production attributable to KMG Institute of Thermal Technology to provide president of Transneft, told PRIME on Friday.
and its JVs is exported, while the balance a 3.3 billion ruble financing for creation of “There is information that the money has
supplies the domestic market. All volumes hydraulic fracturing units, the bank said in come to the receiving bank. We are waiting
from megaprojects, Tengiz, Kashagan and a statement on Tuesday. for Ukrtransnafta to confirm the transfer of
Karachaganak, accounting for around 55% The project is part of a state program for money so that pumping to Czechia can start.
of KMG’s exported volumes in 2021, flow imports substitution and diversification of Speaking of all the conducted payments, we
through the CPC pipeline and a further the defense industry in the interests of the will take them into account in all further
37% of exports from KMG’s operating assets national oil and gas industry. mutual settlements,” he said.
flow through the Atyrau-Samara pipeline. The government ordered state space On August 4, Ukrainian state company
Volumes from export routes are eventually corporation Roscosmos, the parent Ukrtransnafta stopped Russian oil pumping
shipped from CPC and Transneft terminals company of Corporation Moscow Institute through the southern line of the Druzhba
in Novorossiysk,” the ratings agency added. of Thermal Technology, to design a Russian pipeline to Hungary, the Czech Republic
Oil shipments through CPC’s terminal mobile unit for development of tight oil and Slovakia because of the troubles with
at Novorossiysk port were reduced in reserves at the end of 2020. payments after the seventh package of
March-April due to storm damage claimed sanctions. On Wednesday, Russia's Transneft
by Russia. However, the oil flow was restarted the shipments after Hungarian oil
reportedly not affected by claimed mine Habeck says Germany not and gas company MOL and Slovakia’s Slovnaft
clearing operations around Novorossiysk paid for the transit on their own.
port in June or by a Russian court ruling on to rely on cheap Russian
environmental claims in July.
gas any more
Kazakhstan's Kashagan oil Germany will not return to a business
model where it relies on cheap Russian gas,
field resumes production Energy Minister Robert Habeck said on
Monday.
Kazakhstan's giant offshore Kashagan oil The country will support companies
field has started ramping up production from the budget and introduce a public

P14 www. NEWSBASE .com Week 33 17•August•2022