• Natural Gas News

    Natural Gas Daily: July 13th, 2020

Summary

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

by: NGW

Posted in:

Complimentary, Covid-19, Daily Digest, Top Stories

Natural Gas Daily: July 13th, 2020

China, India to lead Asia’s Regas Capacity Adds: Report

China and India are expected to dominate Asia’s LNG regasification capacity additions, contributing nearly 60% of the region’s total between 2020 and 2024, analytics company GlobalData said in a report.

  • Some forecasters remain bullish, portraying a world in which LNG demand growth will be more than sufficient for all.
  • This is plausible based on large-scale gas-for-coal switching in the power sector, particularly in India and China, as well as the expansion of gas use in other sectors such as industry, transport and city use.

 

Gazprom Achieves Record ESP Sales in June

Gazprom managed record high gas sales on its electronic sales platform (ESP) in June, the Russian monopoly's export arm reported on July 10, with the total reaching 4.912bn m3.

  • Gazprom has lost market share in Europe this year, partly because around a third of its sales are still fully or partially oil-indexed with a time lag. This makes some of its supplies uncompetitive next to LNG imports.

 

Pieridae Mulls Suing KBR over Canadian LNG Project

Canadian LNG developer Pieridae Energy said it is considering possible legal actions after it received word from KBR that the US contractor was no longer prepared to negotiate and conclude a lump sum turnkey engineering, procurement, construction and commissioning (EPCC) contract for the 10mn mt/yr Goldboro LNG project in Nova Scotia. 

  • Pieridae said the Goldboro LNG project “remains solid”, with several key elements in place, including a 20-year contract with German utility Uniper to buy all of the output from Goldboro’s first 5mn mt/yr train.

 

Novatek Output Dips in Q2

Russia's biggest private gas producer Novatek recorded a 2.2% year-on-year decline in gas output in the second quarter, it said.

  • On July 3, it was announced that Russia's state nuclear firm Rosatom and Moscow-based pipe-laying company MRTS had won a contract to build the Utrenny terminal at the Arctic port of Sabetta that will export LNG and condensate from Novatek's Arctic LNG-2 terminal.

 

Over 600 Firms Express Interest in Nigeria's Marginal Fields

Nigeria's first marginal fields tender in 17 years has attracted interest from over 600 companies, its department of petroleum resources (DPR) reported on July 8, despite poor market conditions.

 

Wartsila to build 200-MW LatAm Power Plant

Finnish tech group Wartsila has won an engineering, procurement and construction (EPC) contract for a flexible baseload 200-MW gas-fired power plant in a country in the northern Andes, it said.

  • The company announced in April that it had secured engineering, procurement and construction (EPC) contracts worth €190mn ($207mn) for two gas-fired power plants in Latin America.