Page 13 - FSUOGM Week 14 2021

FSUOGM NEWS IN BRIEF FSUOGM

energy security in Central and Eastern in the region, Gas Transportation System markets, and supplying natural gas to
Europe”, PGNiG also said. Operator of Ukraine said in a statement on industry and the public in Azerbaijan. The
Energy security is a hot economic April 6. company owns two refineries in Azerbaijan,
and political topic in CEE, with Poland In January–March, transit amounted one in Turkey, as well as networks of petrol
and Ukraine both interested in weaning to 10.441 bcm, 5% above the contracted stations in Azerbaijan, Turkey, Georgia,
themselves of reliance on gas imports from amount, the company said. Romania and Switzerland.
Russia, which Warsaw and Kyiv consider a
country hostile to them.
Poland has long said it will cease buying Kazakhstan to increase oil
gas from Russia as soon as the Baltic CENTRAL ASIA & SOUTH
Pipe – a gas link from Norway – becomes output under OPEC+ deal
operational in 2022, the year Poland’s gas CAUCASUS
supply contract with Gazprom expires. Kazakhstan will continue to increase oil
Ukraine, meanwhile, relies on imports Socar transports 169.450 production in May, June and July of 2021
from Hungary, Poland and Slovakia to following the 15th meeting of OPEC
supplement its domestic production, tonnes of oil via Baku- (Organisation of the Petroleum Exporting
with shipments from the three countries Countries) and non-OPEC ministers
reaching nearly 16bn cubic metres last year. Novorossiysk in Q1 2021 meeting that took place April 1 virtually,
That is approximately 60% of the country’s the Kazakh Ministry of Energy press service
annual consumption in 2019. Azerbaijan’s State Oil Company (SOCAR) reported.
Kyiv ceased direct purchases from Russia has transported 169.450 tonnes of oil via “On April 1, a ministerial meeting of
over five years ago for political reasons. the Baku-Novorossiysk pipeline in the first the countries participating in the OPEC+
“I am confident that together [with quarter of 2021, local news sources have agreement took place. Collectively countries
PGNiG], we will be able to achieve a reported. decided to increase the current production
mutually beneficial synergy that will It should be noted that no crude oil was level of OPEC+ countries by 350,000 barrels
contribute to Naftogaz' strategic goal - help transported via this pipeline from Azerbaijan per day in May and June and by 450,000
Ukraine achieve energy independence in in January, as all SOCAR volumes were barrels per day in July,” said the Kazakh
the next 10 years by driving [up] its natural transported via the Baku-Tbilisi-Ceyhan Ministry of Energy in a press statement.
gas production volumes,” Otto Waterlander, pipeline that passes through Turkey. SOCAR Kazakhstan’s obligation under the OPEC+
Naftogaz chief operating officer said in a resumed the oil exports via the Baku- agreement states that oil production will
statement. Novorossiysk pipeline on February 15. amount to 1.46mn barrels per day for May
In 2020, Naftogaz produced 13.45bn Earlier it was reported that SOCAR and and June and 1.47mn barrels per day for July.
cubic metres (bcm) of gas, which is 73% of Russia's Transneft had signed a deal to pump The data on the trading platform
all gas produced in Ukraine. over 1 million tons of oil through the Baku- illustrates that the cost of Brent crude oil has
PGNiG's stock was unchanged at Novorossiysk pipeline in 2021. risen in price by almost 3.6% and rose to $65
PLN5.93 (€1.27) on the Warsaw Stock Azerbaijan has been transporting its oil per barrel.
Exchange on March 30. Year to date, it has through the Baku-Novorossiysk pipeline The Meeting welcomed the positive
gained 7% while jumping 102.2% in the past since 1997. The maximum capacity of the performance of participating countries.
12 months. pipeline is 105,000 barrels per day. The “Overall conformity reached 115 per cent
pipeline has three pump stations - Sangachal, in February 2021, reinforcing the trend of
Sumgayit and Siyazan. The diameter of the aggregate high conformity by participating
Transit of Russian gas to pipeline is 530 mm, and the length of the countries,” said OPEC in a press statement.
pipeline is 1,330 km, out of which 231 km is
On March 4, Kazakh Minister of Energy
Europe via Ukraine rises the Azeri section. Nurlan Nogayev participated in the 14th
In 2020, SOCAR reduced its exports via
meeting of OPEC and non-OPEC ministers
27% in March this route by 30 percent to 613,000 tonnes after which Kazakhstan and Russia were
of oil.
allowed to increase oil production to 20,000
The transit of Russian natural gas through SOCAR is involved in exploring oil barrels per day and 130,000 barrels per day,
Ukraine to Europe rose by 27% on the year and gas fields, producing, processing, and respectively, in April.
to 3.7bn cubic meters in March thanks transporting oil, gas, and gas condensate,
to low volumes of gas in the European marketing petroleum and petrochemical
underground storages and high demand products in domestic and international

Week 14 07•April•2021 www. NEWSBASE .com P13