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    Natural Gas Daily: December 22nd, 2020

Summary

Daily digest of the latest natural gas news and LNG news by Natural Gas World.

by: NGW

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Complimentary, Covid-19, Daily Digest, Top Stories

Natural Gas Daily: December 22nd, 2020

CHINA'S TARIM FIELD HITS OUTPUT MILESTONE

The Tarim oilfield, one of China’s biggest upstream projects, saw its output reach 30mn metric tons of oil equivalent for the year to December 21, its state-owned operator CNPC said without offering a year-on-year comparison.

  • Overall Chinese gas production came to 170.2bn m3 in January through November, up 9.3% yr/yr, data published on December 15 by the National Bureau of Statistics showed. 

 

NORWAY'S TOP COURT DECLARES BARENTS LICENCES VALID

Norway's supreme court has ruled that the government acted lawfully by awarding exploration licences in the Barents Sea, dismissing an appeal by environmentalists that sought to halt drilling in the frontier Arctic region.

  • The appeal was rejected by eleven votes to four, the court said in a statement

  • Denmark earlier this month announced it would end oil and gas licensing rounds and halt production completely by 2050, putting pressure on its North Sea neighbours to take similar steps. The UK in September launched a review of its licensing policy to assess whether it is in line with its climate ambitions.

  

COMMISSION ASKS DELHI INDUSTRIES TO SWITCH TO GAS: PRESS

The Commission for Air Quality Management of India's federal government has called on industry in the Delhi National Capital Region (Delhi NCR) to switch to piped natural gas (PNG), the Press Trust of India reported.

  • The Narendra Modi government is working aggressively to expand gas use in the economy to curb air pollution that plagues major urban areas, especially Delhi NCR.
  • It wants to increase the share of gas in the overall energy mix to 15% by 2030 from 6-7% at present. 

 

CENOVUS, HUSKY GET REGULATORY OKAY FOR C$24BN MERGER

Canadian oil and gas producers Cenovus Energy and Husky Energy said on December 21 that all key regulatory approvals were in place to proceed with their C$23.6bn ($18bn) merger.

  • The tie-up was approved by the boards of both companies when it was first announced in October, and by their shareholders on December 15.
  • Cenovus and Husky are both primarily involved in the western Canadian crude oil and bitumen sectors, and the combined company will rank as the country's third largest, with daily average production of 750,000 barrels of oil equivalent (boe) and refining capacity of 660,000 boe/day.

 

NAKILAT TO MANAGE FIRST FSRU

Qatari shipowner Nakilat has taken over the technical ship management and operation of the floating storage and regasification unit (FSRU) Exquisite from Excelerate Technical Management with effect from December 17, it said on December 21.

  • This is the first FSRU to be managed in-house by Nakilat, bringing its managed fleet size to 27 vessels, comprising 22 LNG and four LPG carriers and one FSRU.

 

NEW FORTRESS PENS LNG SUPPLY DEALS

US firm New Fortress Energy (NFE) has signed two long-term deals to procure LNG for its gas and power businesses in Puerto Rico, Mexico and Nicaragua, it said on December 21.

  • NFE commissioned an LNG import facility in Puerto Rio in 2018 that supplies gas to a combined-cycle power plant, while its regasification projects in Mexico and Nicaragua are still under development.