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2019 after the US imposed sanctions on the The approvals come as a growing number of
project. This forced Swiss contractor Allseas to Asian countries are building new LNG import
abandon pipelaying, leaving just 6% of Nord capacity in order to meet rising demand for nat-
Stream 2’s offshore section uncompleted. ural gas and lessen their dependence on more
The Russian authorities have said they will polluting fuel such as coal. Indeed, the Institute
use their own pipelaying ships to finish the job, of Energy of Vietnam is in the process of draft-
although they have not identified specific vessels. ing a new master power development plan. It has
Cherskiy’s departure from Mukran comes compiled a list of 22 potential LNG-to-power
after the Danish Energy Agency (DEA) on Octo- projects with a combined capacity of up to 108.5
ber 1 issued a permit to the Gazprom-owned GW, the first of which is anticipated to enter ser-
Nord Stream 2 company to operate the pipeline. vice by 2023.
The DEA awarded a construction permit around The ExxonMobil project would begin gener-
a year ago, after a lengthy delay. ating power by 2026-27, with an initial capacity
Russian oil and condensate production of 2.25 GW that would be expanded to 4.5 GW
was up 0.6% month on month in September at by 2029-30. The Vietnamese government said
9.93mn barrels per day (bpd), preliminary data earlier this year that LNG for the project could
from the country’s energy ministry shows. Rus- be imported from the US. Indeed, ExxonMobil
sia’s compliance with its OPEC+ quota is difficult is currently building the Golden Pass LNG ter-
to determine, as that quota only covers oil, but minal on the US Gulf Coast in partnership with
the ministry does not provide a breakdown for Qatar Petroleum (QP).
crude and condensate. The developer of the other project that was
Between August and the end of the year, approved last week has not been identified.
though, Russia is required to produce no more However, the Haiphong committee said the pro-
than 8.993mn bpd of oil. Gas extraction was up ject would have a capacity of 1.6 GW, and that its
7.9% m/m in September, and condensate flow first phase would be operational from 2025. The
typically rises and falls depending on gas extrac- entire project is then due to be in service from
tion levels. 2028.

If you’d like to read more about the key events shaping Golar stumbles in Brazil
the former Soviet Union’s oil and gas sector then please Bermuda-registered Golar Power is already a
click here for NewsBase’s FSU Monitor . player in Brazil’s LNG sector, and it has been try-
ing to expand its footprint in that country by bid-
Vietnamese city approves LNG projects ding for the right to operate an underutilised LNG
Authorities representing the Vietnamese import terminal in Bahia State. But the company’s
port city of Haiphong have approved an LNG ambitions appear to have been thwarted by reports
import terminal that has been proposed by of CEO Eduardo Antonello’s involvement in brib-
ExxonMobil to serve as part of a $5.1bn gas-to- ery charges. Petrobras, the national oil company
power project. On the same day, the Haiphong (NOC) of Brazil, has declined to accept Golar’s
People’s Committee also approved another offer to lease the Bahia LNG terminal, citing con-
LNG-to-power project that is estimated to cost cerns about excessive risk. (See: Petrobras disqual-
$1.9bn. (See: Vietnamese LNG projects move ifies Golar Power from Bahia LNG terminal lease
forward, page 11) tender, page 18)

Source: Golar LNG
website.

Week 40 09•October•2020 www. NEWSBASE .com P7