Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2018-08-10 10:30:00

SOUTHERN GAS CORRIDOR SANCTIONS

SOUTHERN GAS CORRIDOR SANCTIONS

PLATTSThe Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe while bypassing Russia.

The language appeared in an executive order that President Donald Trump signed Monday.

BP had been seeking a sanctions waiver for its development of Azerbaijan's offshore Shah Deniz fields, the source of the Southern Gas Corridor's natural gas. Iran's NICO holds a 10% share in the second phase of Shah Deniz, potentially triggering US sanctions against Iran petroleum sector investment.

US energy sector sanctions being re-imposed November 4 will ban companies from the US financial system if they continue to do business with Iran. Countries that depend on Iranian oil imports are continuing to press the US government for waivers.

Trump's Monday order did not bring the same clarity for BP's request for a sanctions waiver for its Rhum natural gas field in the North Sea, which shares ownership with the National Iranian Oil Company. BP's agreement last year to sell the field to Serica Energy was contingent on receiving a US exemption from Iran sanctions.

A White House spokesman did not respond to a request for comment on the Rhum field.

The order did not appear to settle a big question the oil market watchers have had since Trump announced in May that he would reimpose Iran sanctions: whether the ban on crude oil deals with Iran includes condensates. The White House order said in a list of definitions that "petroleum products" included "miscellaneous products obtained from the processing of: crude oil (including lease condensate), natural gas, and other hydrocarbon compounds."

A former State Department sanctions adviser said the administration was likely looking to maintain flexibility on the status of condensates under the sanctions.

Trump's order contained a "natural gas project exception" that describes the Southern Gas Corridor without naming it. The order referenced the Iran Threat Reduction and Syria Human Rights Act of 2012, a US law that describes an exemption for "the development of natural gas and the construction and operation of a pipeline to transport natural gas from Azerbaijan to Turkey and Europe." The law says the corridor "provides to Turkey and countries in Europe energy security and energy independence" from Russia.

US sanctions against Iran's oil buyers are expected to remove up to 1 million b/d from global oil supply. The US government is pushing countries to cut Iranian oil imports to zero, but officials have conceded that some limited waivers may be granted. Additionally, major customers, such as China and India, are expected to find ways to continue deals despite the sanctions.

"Our goal is to get the import of Iranian oil to zero," a senior US administration official said Monday. "We are not looking to grant exemptions or waivers, but are glad to discuss requests and look at requests on a case-by-case basis."

-----

Earlier:

 UNESSENTIAL SOUTHERN GAS CORRIDOR
2018, August, 6, 12:50:00

UNESSENTIAL SOUTHERN GAS CORRIDOR

NGW - Commercial conditions for the Southern Corridor’s success have deteriorated as political support for it has grown. Up to 2030, the corridor will most likely remain an insubstantial contributor to Europe’s gas balance.

 

 €500 MLN FOR TRANS ADRIATIC PIPELINE
2018, July, 6, 11:35:00

€500 MLN FOR TRANS ADRIATIC PIPELINE

EBRD - The EBRD Board of Directors has approved an up to €500 million loan for the construction of the Trans Adriatic Pipeline (TAP), a priority project of the European Union (EU) and the Energy Community. The 878 kilometre pipeline will start at the Greek/Turkish border, cross Albania and, after passing under the Adriatic Sea, will end in southern Italy. It constitutes the final leg of the Southern Gas Corridor and will transport gas from the Caspian region to Europe.

 RUSSIAN GAS CORRIDOR
2017, May, 6, 17:00:00

RUSSIAN GAS CORRIDOR

One of the highest priorities in Russia's gas export and marketing strategy is establishing its own southern corridor for gas exports to Europe, in competition with the EU-backed project.

 

 

 SOUTHERN GAS CORRIDOR DIFFICULTIES
2016, September, 26, 18:40:00

SOUTHERN GAS CORRIDOR DIFFICULTIES

The $45bn complex pipeline project running from Azerbaijan to Italy and consisting of four mega projects – Shah Deniz 2, South Caucasus Pipeline expansion (SCPX), Trans-Anatolian Pipeline (Tanap), and the Trans-Adriatic Pipeline (TAP) – would be delivered and will come in under budget, eventually delivering 16-32bn m³/yr.

 AZERBAIJAN NEED $30 BLN
2016, June, 22, 18:10:00

AZERBAIJAN NEED $30 BLN

Azerbaijan is hoping in the best case for profits in excess of $50bn from the Southern Gas Corridor (SGC). State oil company Socar told that even the gloomiest outlook showed that Azerbaijan’s share in the profit of SGC would be at least $30bn over the 25 years' duration of the sales and purchase agreements.

 SOUTHERN CORRIDOR FUNDING
2016, April, 8, 20:55:00

SOUTHERN CORRIDOR FUNDING

Last month, the state-owned Southern Gas Corridor Company (SGCC) raised $1bn in a 10-year eurobond at 6.875% yield. However, it met only half of its original plan.

 

 

 TAP IN EUROPE
2014, October, 2, 20:20:00

TAP IN EUROPE

The EU’s long term goal regarding energy security is to become independent from one single gas supplier, increasing competition by having diverse energy suppliers. For these reasons, the EU promotes the Southern Gas Corridor, a strategically important gas value-chain passing through Azerbaijan, Georgia, Turkey, Greece, and Albania, linking Caspian gas to Europe.

 

 

 

 

Tags: IRAN, USA, SANCTIONS, GAS, TURKEY, RUSSIA

Chronicle:

SOUTHERN GAS CORRIDOR SANCTIONS
2018, October, 17, 10:10:00

SAUDI - INDIA'S DOWNSTREAM

MEOG - Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.

SOUTHERN GAS CORRIDOR SANCTIONS
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

SOUTHERN GAS CORRIDOR SANCTIONS
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

SOUTHERN GAS CORRIDOR SANCTIONS
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

All Publications »