Page 12 - GLNG Week 06 2021
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Rosneft eyes Kara Sea LNG terminal
PROJECTS & RUSSIA’S Rosneft is looking to produce up to advance any projects. Vostok Capital recently
COMPANIES 30mn tonnes per year (tpy) of LNG from a pair estimated in a report that the company had some
of gas discoveries it made off Russia’s Arctic coast 95mn tpy in probable liquefaction projects in the
last year, RBC reported on February 2, citing pipeline.
sources in government. In addition to its Kara Sea plan, the company
After resuming offshore drilling last sum- wants to produce between 35 and 50mn tpy
mer after a six-year hiatus, Rosneft identified of LNG on the Taymyr Peninsula as part of its
two fields estimated to contain a combined 1.3 Vostok Oil project. But the company is yet to dis-
trillion cubic metres of gas. There are an addi- close a timeframe for realising this plan, which
tional 422bn cubic metres at the company’s 2014 appears still to be at the drawing board stage.
Pobeda oil and gas discovery. Rosneft is also working with ExxonMobil
The Kara terminal was discussed along with on a plan to build a 6.2mn tpy LNG facility in
other Rosneft projects at a meeting on Russia’s the Far East. That plant, due on stream in 2023,
LNG strategy last month, chaired by Russian would monetise gas from fields belonging to the
Deputy Prime Minister Alexander Novak. Rosneft-led Sakhalin-1 consortium. It could be
Russia is already the fourth-biggest LNG expanded at a later stage to 15mn tpy. Technip-
exporter after Qatar, Australia and the US, deliv- FMC was hired last year for pre-engineering
ering 30.5mn tonnes of the super-cooled fuel design work for the project.
to the global market last year. But its ambition Rosneft’s LNG plans have failed to material-
is to become number one, with the government ise in the past because of the company’s difficulty
targeting a ramp-up in supply to 140mn tpy by with obtaining sufficient gas supply. It aban-
2035. doned plans for a 5mn tpy Pechora LNG termi-
Rosneft wants to play a key role in achiev- nal in Russia’s far north after Gazprom outbid it
ing this goal, even though it has so far failed to in an auction for two gas deposits in the area.
Russia to auction two
Arctic gas fields in April
POLICY RUSSIA’S state subsoil licensing agency Rosne- in 1988 discovering the Ushakovskoye field.
dra has announced it will hold auctions in April Ushakovskoye is situated less than 10 km
for two gas licence areas near Rosneft’s Vostok from the producing Pelyatinskoye field, which
Oil megaproject. is used to supply gas to facilities controlled by
The contest will take place on April 12 for Russian mining giant Norilsk Nickel. Norilsk
licences to the Turkovsky and Deryabinsky had asked authorities not to auction off Ushak-
blocks, both located on the Arctic Taymyr Pen- ovskoye, to ensure its gas is used locally. Instead,
Rosneft wants to insula. Deposits for taking part must be paid by Norilsk reached a compromise deal last July
accumulate more gas March 12. with Rosneft, under which the Russian producer
in Russia’s far north Under the auction terms, only companies pledged it would provide some of the field’s gas to
to underpin LNG that already have active oil and gas projects in the miner while exporting the rest.
production at its Vostok the north of the Krasnoyarsk region can partici- The starting price for bids for the Turkovsky
Oil project. pate. Russian Natural Resources Minister Dmi- licence is RUB758.8mn ($10.2mn).
try Kobylkin confirmed last October that this Some 15 exploration and appraisal wells have
effectively singled out Rosneft. been drilled to date at the 404.8-square km Dery-
The state oil company wants to accumu- abinsky block. The area contains the 1982 Dery-
late more gas in Russia’s far north to underpin abinskoye gas and condensate find. Its C1+C2
LNG production at its Vostok Oil project. Ros- reserves are estimated at nearly 55 bcm of gas and
neft CEO Igor Sechin has estimated before that 3.43mn tonnes (30.9mn barrels) of condensate.
Vostok Oil could produce as much as 50mn Deryabinskoye is situated roughly 85 km
tonnes per year (tpy) of LNG, in addition to over north-west of the Paiyakhskoye field, the flag-
2mn barrels per day (bpd) of oil and significant ship asset of Vostok Oi. Offers for the rights to
coal supply. the field will start at a price of RUB1.42bn.
The Turkovsky block spans 975 square km Rosneft requested that the government hold
and contains almost 54bn cubic metres of gas in auctions for Ushakovskoye and Deryabinskoye,
C1+C2 reserves, along with an additional 5 bcm and a third field Kazantsevskoye, last summer.
in Dl-category resources. Nine exploration wells It was awarded a licence for Kazantsevskoye in
have been drilled in the area in the past, with one October last year.
P12 www. NEWSBASE .com Week 06 12•February•2021
