Natural Gas Daily: July 3rd, 2020
Tight gas and especially shale gas will drive China’s gas output growth over the next five years, Rystad Energy said on July 2 in a report. Thus, shale gas additions will stand at over 400mn ft3/day through to 2025.
- “Over the next five years, gas output from conventional sources of production is expected to remain flat, supported by multiple large fields which are already producing at peak," it said.
Gazprom’s flows were again down massively in June compared with last year (-14.7%) and slightly down on May (-1.9%). The coronavirus-impacted demand will continue to restrain EU imports needs.
- For H1 20, Gazprom exported 71.6bn m³ (-17.3% vs H1 19) with Ukraine transit being severely negatively impacted (-45.9%) at the expense of the direct routes (+9.5%).
Iran resumed gas exports to Turkey on July 1, the Iranian oil ministry's Shana news site has reported, citing an official at Iran's state gas company NIGC.
- Supplies were halted at the end of March after a pipeline explosion in Turkey. NIGC accused Turkey of intentionally delaying repair work to avoid having to take gas while it was under a coronavirus lockdown.
Golar Power, a joint venture between Norway's Golar LNG and US-based Stonepeak Infrastructure Partners, has formed a pact with gas tech firm Galileo Technologies, under which the latter will provide solutions for gas conditioning, distributed LNG production, LNG filling stations and regasification plants.
In a statement on July 2, Galileo said the alliance would help Golar realise its plan of distributing by truck in Brazil's interior.
Golar wants to establish an LNG import terminal at the Brazilian port of Suape and use it as a hub for supplying LNG for electricity generation, vehicle fuel and various industrial, commercial and residential needs.
Norway's Odfjell Drilling has mobilised its Deepsea Stavanger semi-submersible rig for a Total's drilling campaign off South Africa, Odfjell said in a statement on July 2.
- Deepsea Stavanger made the Brulpadda gas condensate find at block 11B/12B in February last year. South Africa is hoping that the field can be used to bolster dwindling domestic gas supply.
Hong Kong-listed VPower Group has signed two power purchase agreements (PPAs) with Electric Power Generation Enterprise (EPGE) of the ministry of electricity and energy of Myanmar, it said on July 2 in a statement.
- Recently, Malaysian state-run Petronas said it has begun deliveries of LNG to Myanmar, with two cargoes delivered in May and June 2020.