Natural Gas Daily: July 13th, 2020
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 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.
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.
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.
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.
- Siemens has come up with a plan to ensure that the country upgrades its power sector output using natural gas, which Nigeria has in abundance.
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.