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Bulgarian pipeline ruptures the UK-based company said in a statement. Cyprus: Sales of petroleum
In return for the interest, UKOG will
Bulgaria’s gas grid operator Bulgartransgaz finance the first of the five wells in the products fell by 25 %last
reported that a pipeline in southwest Bulgaria licence’s five-year exploration term, as
that carries Russian gas to Greece halted flows well as a 2D seismic survey. The survey’s month
after a rupture on July 27. expected cost is $1-$1.5mn. UKOG’s total
The rupture occurred at 07:56 near the expenditure is limited at $5mn. Sales of petroleum products fell by 25 per
village of Kulata. The transaction hinges on approval by cent in June this year compared to the same
“The section has been cut off and all the Turkish government. period in 2019, figures published by Cyprus’
actions required for the urgent repair AME is headquartered in Wichita, statistical service on July 27 revealed.
works and restoration of the natural gas Kansas and has an operational base in At the same time, purchases from filling
transport to Greece have been made. No Ankara. It holds seven production leases stations, a subset of total sales, marked a
people suffered any injuries,” Bulgartransgaz and three exploration licences in Turkey. 0.5% increase to 55,216 tonnes, compared
explained. “Gas network users will be Their gross licenced area is around 3,000 to June 2019.
informed in due time of the restoration of square kilometres. June marks the month where most of
gas supply. the coronavirus restrictive measures were
lifted, the statistical service said and “the
total sales of petroleum products amounted
Gazprom buys land to build Turkey considering pause to 92,550 tonnes, recording a decrease of
in East Med hydrocarbon
25.1% compared to June 2019.”
€70mn LNG plant in Bosnia 6.6% and aviation kerosene by 91.1%.
Specifically, motor gasoline decreased by
Gazprom has acquired a land plot in the exploration pending talks Sales of gasoil low sulphur increased by
Bosnian town of Zvornik where it intends with Greece over dispute 3%.
to build a €70mn plant for liquefaction of Comparing the June 2020 figures with
natural gas, eKapija reported on July 28. Turkey is considering pausing its those of the previous month in May, a 3.9%
Gazprom announced its intention to hydrocarbon exploration operations in increase was recorded.
build the plant back in 2017 but until now the eastern Mediterranean for a period “A rise was recorded in the provisions
has been looking for a suitable location. The pending talks with Greece, presidential of aviation kerosene, as well as in the sales
plant will be majority-owned and financed spokesman Ibrahim Kalin said on July 28. of motor gasoline, gasoil low sulphur and
by Gazprom SPG. In an interview with broadcaster liquefied petroleum gases.
Now that the land has been acquired, CNN Turk, Kalin said Turkish President “On the contrary, a decrease was
Gazprom and Bosnia’s Republika Srpska Recep Tayyip Erdogan had requested that recorded in the provisions of gasoil for
plan to set up a joint company. operations be put on hold as a constructive marine use, as well as in the sales of
In December 2017, the government of approach to negotiations. kerosene, gasoil, light fuel oil and asphalt,”
Republika Srpska said it had agreed to the Long-standing tensions between the the statistical service said.
conclusion of an agreement between local Nato allies worsened last week after The total stocks of petroleum products at
gas company Gas-Res and Russia’s Gazprom Turkey’s navy issued an advisory known the end of June 2020 recorded an increase of
SPG for the formation of a joint venture as a Navtex for seismic surveys in waters 11.3% compared to the end of the previous
via which the two gas companies plan to between Cyprus and Crete. Greece warned month.
carry out joint investments and commercial Turkey not to let cables of a seismic During the six month period between
activities. research vessel come into contact with its January and June 2020, the total petroleum
The factory would use Russian gas continental shelf. product sales marked a 17.8% decrease
transported to Zvornik via Serbia and Spain’s foreign minister on July 27 said compared to the same period in 2019.
would help to improve the security of that talks in Ankara had helped lower
energy supplies to the region. tensions between some European Union
members and Turkey over Turkish energy Poland’s PGNiG find more gas
exploration in the eastern Mediterranean.
UK Oil and Gas inks deal Arancha Gonzalez Laya added that she saw in the Podkarpacie region
a one-month pause in drilling as possible.
with US-based Aladdin Mevlut Cavusoglu, she said an “inflexion Polish oil and gas company PGNiG
After talks with Turkish counterpart
announced it has successfully drilled
Middle East for 50% in point” had been reached in the dispute another well on the Mielec–Bojanow fields.
over drilling for oil and gas.
Together with the previous wellbore in
Turkey’s Resan Licence Greece and Cyprus over overlapping claims well will ultimately add approximately 24
Turkey is at loggerheads with both
the area, the Korzeniowek-2K appraisal
UK Oil and Gas (UKOG) has signed a for offshore reserves. million cubic meters (mcm) per year to
binding deal with US oil company Aladdin Paris and Athens have called for EU PGNiG’s natural gas output, PGNiG said in
Middle East (AME) to buy a 50% non- sanctions against Turkey for what they a statement.
operated working interest in Turkey’s view as encroachments in Greek and Korzeniowek 2-K is located in the
Resan Licence. Cypriot waters. Berlin has warned Ankara village of Pustkow, in the county of
UKOG will take a technical role in a to cease “provocations”. Turkey has Debica. Exploration work in the area was
five-well oil appraisal and exploration rejected the criticism and said it is abiding commenced in late 2017.
project in the 305-square-kilometre area by international law.. The recorded flow of high-methane
which is expected to commence this year, natural gas is typical of the region’s

P20 www. NEWSBASE .com Week 30 30•July•2020