Page 18 - GLNG Week 45

GLNG EUROPE GLNG

Novak to focus on LNG

development in new role

POLICY OUTGOING Russian Energy Minister Alexan-
der Novak has vowed to make the development
of Russia’s LNG industry one of his priorities if he
is appointed as a deputy prime minister.
The government revealed on November 9
that Novak, Russia’s longest-serving energy min-
ister, had stepped down after eight years. Prime
Minister Mikhail Mishustin proposed that he
serve as one of his deputies, focusing on energy
policy.
If his new appointment is approved by Rus- 120-140mn tonnes per year (tpy) by 2035. This
sia’s State Duma, Novak has said he will focus on would mean Russia occupying a 20% share of the
the early adoption of a bill to spur development world market.
of small-scale LNG as a vehicle fuel. “At the same time, it is necessary to continue
Russia wants to expand the use of LNG and develop the mainline infrastructure,” he said.
compressed natural gas (CNG) in transport in Russia currently only has two large-scale
order to lower costs and reduce emissions. Its LNG export terminals in operation. Gazprom’s
government has already rolled out a number of 10mn tpy Sakhalin LNG plant came on stream
demand- and supply-side incentives over the last in 2009, while Novatek’s 17mn tpy Yamal LNG
year to achieve this. facility was launched in 2017. Novatek has a raft
Novak also noted that there was significant of new projects at various stages of development,
scope for Russia to expand its LNG produc- however. Its 19.8mn tpy Arctic LNG-2 plant is
tion, noting that output could reach as high as due online in 2023.™

MIDDLE EAST

QP pens LNG deal with Singapore’s Pavilion

PROJECTS & QATAR Petroleum (QP) has set up an LNG as North Field South (NFS), will increase it to
COMPANIES trading unit, while also striking a long-term deal 126mn tpy by the late 2020s.
to supply the super-cooled gas to Singapore. QP is on a drive to find customers to take this
Doha-based QP Trading will aim to build up extra gas. QP Trading has signed a long-term
a globally diversified portfolio of third-party and sales and purchase agreement with Singapore’s
equity LNG, QP said in a statement on Novem- Pavilion Energy Trading & Supply, covering
ber 9. It will manage price risk exposure through 1.8mn tpy of supplies over a 10-year period, the
physical and derivatives trading. company said.
“These new capabilities, combined with a The agreement was reached following a com-
customer and market-centric approach, will petitive process. Al-Kaabi said the deal reflected
enable QP Trading to respond with greater the “commitment to respond to the needs of our
agility to the evolving needs of its customers, customers, including supply security, price com-
and to maximise the value of its portfolio,” QP petitiveness and flexibility.”
said. The latest contract comes after QP last month
QP Trading’s launch reaffirms QP’s “belief secured 25 years of storage and delivery capac-
in LNG’s economic and environmental value ity at the UK’s Grain LNG terminal beginning
proposition and its cornerstone role in the in mid-2025. QP had subscribed to some 7.2mn
energy transition,” company CEO and Qatari tpy of import capacity at the site in southern
Energy Minister Saad Sherida Al-Kaabi said in England, enabling it to make greater inroads into
a statement. the UK gas market.
Qatar, already the world’s biggest LNG Pavilion Energy not only imports LNG into
exporter, is embarking on a major expansion Singapore but also has its own LNG bunkering
project at the offshore North Field. The first network in the Asia-Pacific area. It recently made
phase, North Field East (NFE), will raise out- a pact with Finland’s Gasum on using each oth-
put from the current 77mn tonnes per year to er’s LNG bunkering infrastructure and supply
110mn tpy by 2025, while the second, known capabilities in their respective regions.™

P18 www. NEWSBASE .com Week 45 13•November•2020