EIA: Azerbaijan Surges in Natural Gas
Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The EIA’s report notes that Azerbaijan’s exports of natural gas are poised to become a more significant part of the country’s economy.Azerbaijan produced about 600 billion cubic feet (Bcf) of dry natural gas in 2017 and exported about 210 Bcf, according to EIA’s International Energy Statistics.“Azerbaijan is planning to expand its natural gas exports to Europe.
Equatorial Guinea to Offer Ophir's Old Blocks
Equatorial Guinea will offer offshore Block R with the related Fortuna gas development project in the April licensing round, after the concession was reclaimed from Ophir Energy Plc, the oil minister said on Tuesday.Gabriel Obiang Lima told Reuters in Cape Town that Block R would be one of up to 13 deepwater and ultra deepwater blocks offered in the licensing round on April 1.Ophir was denied an extension in December to its licence for Block R and its plan for a floating liquiefied natural gas (LNG) project.
Gazprom Starts Operations at Final Yamal Unit
Russian gas giant Gazprom said on Wednesday it had begun operations at a third and final unit at its Bovanenkovo gas field on the Arctic Yamal peninsula, allowing it to boost natural gas production.Gazprom also said it had increased the capacity of the Ukhta-Torzhok gas pipeline, aimed at facilitating Russian gas exports to northern Europe, including via the Nord Stream pipeline.Gazprom plans to export record-high natural gas volumes of 200 bcm to Europe this year.The company said that with the launch of the final unit, Bovanenkovo will reach a projected capa
LNG Booster for Canada
Canada could increase revenues from exports to Asia by $6.366 billion with the two new major liquified natural gas (LNG) projects in British Columbiaprojects, said a new research report.A new paper by Macdonald-Laurier Institute Munk Senior Fellow Philip Cross, titled BC’s LNG Projects: A Turning Point for Canada’s Energy Industry, makes the case that these two projects will hold considerable benefits.The most important impact could be that greenlighting…
U.S. Approves LNG Exports from Corpus Christi, Texas Plant
The U.S. Department of Energy said on Friday it has approved exports of liquefied natural gas exports to non-free trade agreement countries from the Corpus Christi Liquefaction Project in Texas for two years.The approval for 2.1 billion cubic feet per day of natural gas was issued to Cheniere Marketing, LLC and Corpus Christi Liquefaction, LLC, who own the plant. The DOE authorized exports from the plant to free trade agreement countries in September.(Reuters, Reporting by Timothy Gardner Editing by Chizu Nomiyama)
Peru Suspends Natural Gas Exports, Imposes Fuel Rationing
Peru has suspended exports of natural gas and will impose fuel rationing due to technical issues at Argentine energy company Pluspetrol's operations in the country, it said on Thursday.Peru, one of South America's largest producers of natural gas, declared an emergency to direct all natural gas supplies for domestic consumption, citing a drop in production at Pluspetrol's Las Malvinas plant in the Camisea gas fields in southern Peru.The Camisea consortium…
Gazprom CEO Says Output Up This Year
Gazprom's output in the last nine and a half months is up by 6.8 percent year on year and the Russian gas producer expects production close to 500 billion cubic metres (bcm) this year, RIA news agency cited its chief executive as saying.The TASS news agency, also citing Gazprom CEO Alexei Miller, said the company had increased gas deliveries to non-CIS countries by 8 bcm in the past nine and a half months.Gazprom said in a follow-up statement that its…
Israeli, Egyptian Partners Buy into Pipeline to Allow Gas Deal
Israeli and Egyptian partners have agreed to purchase 39 percent of the shares in the EMG pipeline for $518 million, a deal that will enable natural gas exports from Israel to Egypt to begin as early as the start of 2019, the companies said on Thursday.Under the deal, Israel's Delek Drilling and Texas-based Noble Energy who together have been developing Israeli gas fields, will each pay $185 million, while the Egyptian East Gas Co will pay $148 million for the stake in EMG, whose pipeline runs between the two countries.The deal also includes EMG agreeing to e
Norway's Gas Exports Set to Match Annual Record
Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday.Between May and August, which is normally a season with fewer gas exports, Norway's deliveries almost matched a normal winter level as European importers needed to refill depleted gas storages which drained during last year's cold winter."It's too early to say exactly where we'll end up this year…
Germany to Build LNG Terminal in 'Gesture to U.S.'
Germany will chose a city to host a new liquefied natural gas (LNG) terminal by year end's in what its economy minister on Tuesday called "gesture" to the United States, which wants to increase gas exports to Europe."This is a gesture to our American friends," Peter Altmaier said after a meeting with the EU's energy chief in Brussels.
Environmentalists File Second Complaint to Block Nord Stream 2
Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish waters of the Nord Stream 2 gas pipeline intended to transport Russian gas to Germany, it said on Wednesday.Sweden approved the pipeline in June, but ClientEarth's complaint argues that the Swedish Ministry of Enterprise and Innovation failed to consider the impact the project would have on wildlife in the Baltic Sea.The work…
Yamal LNG Exports Accelerate in Time for Winter
Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility, Sakhalin, for the first time in August.The pace of commissioning the multi-billion dollar project has surprised a market used to chronic delays. Additional volumes from the start of another facility should now come in time for the northern hemisphere winter, a time of price spikes.Novatek said earlier this week it had begun commissioning the third train…
Norway Expects Gas Export Prices to Slip in 2019
Prices of Norwegian gas exports are likely to rise slightly this year amid strong demand, but will fall back in 2019 as liquefied natural gas (LNG) deliveries in Europe are expected to increase, the government said in its revised budget on Tuesday.Europe's largest gas supplier after Russia forecast gas export prices would rise by 0.1 crowns per standard cubic metres (sm3) to average 1.8 crowns (22.43 U.S.
US Oil Pipeline Companies, Producers Seek Relief from Steel Tariffs
Major U.S. energy companies including Plains All American Pipeline, Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico.There have been nearly 21,000 requests overall for exclusions submitted to the U.S. Commerce Department since the Trump administration imposed levies this year. Of those, more than 500 petitions involve pipes and related materials.Initial decisions are expected this month…
Gazprom Targets Exports to Europe
The head of Gazprom's export arm said the Russian gas giant wants to increase its exports to Europe beyond record high levels seen last year."Last year we achieved the record figure of 197 bcm (billion cubic feet) and our ambitions are going much higher for the next year," Elena Burmistrova, director general of Gazprom Export, told an oil conference in Norway on Monday, adding she expected European gas demand to grow by 80 bcm by 2030.The head of Gazprom said in January that Russia's gas exports to Europe and Turkey rose by 8.1 percent to a record high 193.9
Nord Stream 2 Seeks Alternative Route to Avoid Danish Waters
The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state's territorial waters.Denmark is facing a dilemma on whether the project can be built near its Baltic coast and its parliament may pass legislation allowing it to veto the Nord Stream 2 pipeline going through Danish territorial waters on security grounds.Russia is keen to press…
EU Aims to Block U.S. Sanctions on Iran
The European Union vowed on Monday to counter U.S. President Donald Trump's renewal of sanctions on Iran, in a test of the EU's ability to preserve a deal that saw Iran limit its nuclear ambitions in exchange for removing strict curbs on its economy.As Washington's so-called "snapback" sanctions are reinstated on Tuesday, a new EU law to shield European companies will also take effect to try to mitigate what EU officials say is their "unlawful" reach beyond U.S. borders.Despite protests from European allies, U.S.
Algeria's 2017 Energy Earnings Soar
Algeria's energy earnings, the main source of state finances, rose 16.45 percent in 2017, helping to reduce the trade deficit by 34.4 percent, according to official figures reviewed by Reuters on Monday. The decline in the deficit pushed up the coverage of imports by exports to 76 percent, against 64 percent in 2016, customs data showed. Oil and gas exports, which accounted for 94.54 percent of total exports, stood at $32.86 billion in 2017, up from $28.22 billion the previous year.
Gazprom Demands Discounts from Russian Pipemakers
Gas giant Gazprom is demanding big discounts from Russian pipeline suppliers for its major projects, industry sources told Reuters, following the emergence of a producer charging significantly lower prices. In a move likely to shake up the pipe and metals sectors, the Kremlin-controlled Gazprom is seeking the discounts - put by the sources at 20 percent - as it tries to limit investment spending that is due to peak in the next two years. Gazprom is involved in three international gas pipeline projects.
Russia's Gazprom Says Q1 Gas Exports Up
Russian gas giant Gazprom said on Monday its natural gas exports outside ex-Soviet European countries and including Turkey reached 54.4 billion cubic metres (bcm) in the first quarter, up by 6.6 percent from a year earlier. Gas output in the January to March period rose 5.4 percent to 133.8 bcm, including 46.5 bcm in March, a six-year high for the month, due to cold weather. Reporting by Vladimir Soldatkin and Polina Ivanova