Page 16 - FSUOGM Week 42 2022

FSUOGM NEWS IN BRIEF FSUOGM

agreement, there was no discussion of how on its sanction list after Russia’s attack on Italian utility and gas major Enel has
US sanctions might affect it. Ukraine. finalised the sale of its 56.43% stake in Enel
The Iranian government halted swap “We would be the first in Europe if we Russia utility major to Russia’s second-
shipments under the deal 10 years ago, were to take over Gazprom’s stake in a largest oil producer Lukoil and investment
reportedly because the contracts did not company,” Technology and Development fund Gazprombank-Frezia for €137mn, the
allow Tehran to benefit proportionally from Minister Waldemar Buda told Dziennik company announced.
rising oil prices. Gazeta Prawna newspaper. Enel thus has effectively finalised
In late September, Iran and Russia agreed Poland’s state-controlled oil and its long-awaited pullout from Russian
to implement a gas swap arrangement gas company PGNiG is another major power generation assets, with Lukoil and
which would see the former take 15mn stakeholder in Europol Gaz, owning a 48% Gazprombank-Frezia getting 26.93% and
cubic metres (mcm) per day from the latter. stake plus 4% via Gas-Trading, a company 29.5% stakes in Enel Russia respectively.
Iran also has a gas swap deal with from PGNiG’s capital group. Notably, the deal was previously blocked
Azerbaijan and Turkmenistan. Earlier this month, Poland put under by the August 5 decree of President
Energy swap deals help the participating temporary receivership the Polish business Vladimir Putin prohibiting deals with stakes
countries gain from geographical of Russian company Novatek Green Energy of Western investors in all strategic energy
advantages by cutting energy transit fees. to ensure gas supplies to customers in and financial sector companies until the end
Poland. of 2022. Putin issued a permit for the deal
The company sued Poland for “banditry” at the end of September, as followed by bne
Uzbekistan's SEG to switch in response. IntelliNews.
The company supplied gas to several
As noted by bne IntelliNews, renewable
remote oil and gas fields to solar municipalities in northern Poland but generation capacities in Russia are mostly
was forced to halt supplies after Poland
being developed by foreign utility players
power sanctioned it in April over Russia’s invasion such as Enel, Unipro, Fortum and others, all
of Ukraine.
of which are abandoning the market after
One of Uzbekistan’s largest oil and gas Poland says it will have enough gas the military invasion of Ukraine.
companies SEG has announced plans to during winter despite Russia cutting Enel held 56.6% in Enel Russia, which
provide electricity to its oil and gas training supplies altogether after Warsaw refused to has 5,740 MW of installed capacity,
site in Karshi from a renewable energy pay for them in rubles. including three large gas-fired power plants
source, specifically solar power. and a 91-MW wind farm in the Rostov
The company said that 44 solar panels Region. The company also has a 201-MW
had been installed at the site, which Kazakh authorities insist wind farm under construction in the
together would generate up to 8KW of Murmansk Region and a prospective 70-
electricity. substantial operations of MW wind farm in the Stavropol Region.
Post-completion of the pilot project and Enel was a driver of decarbonisation,
data analysis, SEG aims to make a further Kashagan and CPC pipeline set promoted the development of renewable
strategic decision on equipping its other energy sources and increased competition
remote oil and gas fields with solar panels. to resume before end-October in the sector (as did Unipro), which led to
This could involve up to 15 more fields the optimisation of the end-user electricity
being reconfigured to solar power, and to Kazakhstan's Energy Minister Bolat tariffs.
use of the automated operational dispatch Akchulakov has told Reuters that the giant
control (ASODU) system. offshore Kashagan oil field will resume
Sergey Ryabov, chief engineer of SEG, with an output level of 400,000 barrels per S&P Global downgrades
said that Uzbekistan was one of the sunniest day (bpd) by the end of October, following
countries in the world. “It makes much maintenance works. Tengizchevroil’s outlook due to
sense to use this natural advantage to He also noted that all three mooring
provide electricity, and we have deliberately points at the Black Sea terminal of the CPC pipeline disruptions
chosen the Karshi training ground for the Caspian Pipeline Consortium (CPC)
pilot project,” Ryabov noted. pipeline, in Novorossiysk, Russia, were S&P Global has downgraded largest
The company has two options for expected to resume operations before the Kazakh oil producer Tengizchevroil’s
electricity provision at its remote sites. It end of October. Kazakh authorities have outlook due to expected disruption on
can either use petroleum gas, or the energy previously expressed similar confidence on Kazakhstan’s key oil export route, namely
of the sun. the restoration of the pipeline's operations, the CPC pipeline, which runs through
with the previous projections suggesting Russia, Upstream Online reported.
that operations would restart by mid- S&P Global noted that the Chevron-
Poland does "not rule out” October. led consortium relies on the CPC pipeline
for about 95% of its oil exports, implying
Production at Kashagan sharply declined
taking over control of Yamal in early August. it is exposed to increased operational
"Production at Kashagan has been
risks on this route, which may jeopardise
pipeline manager Europol Gaz curtailed due to some 'nuances' with the Tengizchevroil’s earnings and production
equipment. We are conducting repair work," capacity.
Poland may put Europol Gaz, the manager Reuters quoted the minister as saying. The pipeline has been subject to many
of the Polish section of the Yamal pipeline, disruptions this year in and around the
under receivership, a government minister Russian port of Novorossiysk, the latest
said on October 13. Russian oil major Lukoil to get being maintenance works, which have been
Europol Gaz owns and manages 684km preventing the pipeline from working at full
of Yamal’s Polish section. The company is 56.43% in Enel Russia capacity.
48% owned by Gazprom, which Poland put

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