RUSSIA'S NOVATEK LNG 140 MMT
PLATTS - Russian independent gas producer Novatek sees the resource base at Northern Yamal and Gydan peninsulas as allowing for output of 140 million mt/year of LNG, CEO Leonid Mikhelson said Friday.
Novatek has led an increase in Russian LNG output in recent years, bringing three trains, with 5.5 million mt/year capacity each, onstream at its Yamal LNG project.
It has already started work on the follow-up 19.8 million mt/year Arctic LNG 2 project. The company plans to finalize project partners and take a final investment decision this year.
Mikhelson called for the creation of an LNG cluster in the region, saying Russia was technologically ready to set one up.
"By our estimates the resource base of Yamal and Gydan alone will allow for production of 140 million mt/year of LNG," Mikhelson said at an industry event in Moscow.
"Technologically we are already ready to target such aims," he said, adding the target would allow Russia to increase its market share to 20%.
Mikhelson said LNG projects already announced would bring sufficient capacity on stream to maintain Russia's 10% stake in the global market.
The development of the LNG projects was also likely to underpin Novatek's role as Russia's sixth-biggest liquids producer.
Novatek has not ruled out gas condensate production within the Arctic LNG-2 project could growing to 2 million mt/year, compared with 1.2 million mt/year seen initially, Russia's Prime news agency reported.
The upward revision followed the recent discovery of additional reserves in the project's resources area, the report quoted Mikhelson as saying.
The company can reconsider plans for liquids output as additional reserves of around 400 Bcm were discovered last year in the Jurassic horizon, with higher concentration of gas condensate, Mikhelson said, according to Prime.
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"Арктические проекты в целом - это огромный потенциал для развития энергетики страны. На севере Ямала уже построили новый завод по производству СПГ, это мощный импульс для развития Сибири" - сказал Александр Новак.
TASS - The share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040, Russia’s Energy Minister Alexander Novak said at the Krasnoyarsk Economic Forum on Friday.
ПАО «Газпром» и АО «РусГазДобыча» приняли решение о финальной конфигурации проекта создания крупного комплекса по переработке этансодержащего газа и производству сжиженного природного газа (СПГ) в районе г. Усть-Луги (Ленинградская область). Таким образом, стороны перешли к стадии реализации проекта.
Novatek PJSC is looking at power generation to unlock demand for liquefied natural gas from its massive projects in Russia’s Arctic.
Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.
PLATTS - The US and Russia saw the greatest year-on-year growth of LNG exports to Europe in February, on the back of higher production and flexible, price-driven supplies,
GULF TIMES - As part of his official visit to Qatar, Russia’s Foreign Minister Sergei Lavrov and his accompanying delegation paid a visit to the Gas Exporting Countries Forum (GECF) Secretariat in Doha
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U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 80,000 b/d month-over-month in April from 8,380 to 8,460 thousand barrels/day , gas production to increase 907 million cubic feet/day from 78,930 to 79,837 million cubic feet/day .
The rules governing the EU's internal gas market will in future also apply to pipelines to and from third countries. The Council today formally adopted an amendment to the so-called gas directive which aims at closing a legal gap in the EU's regulatory framework and boosting competition in the gas market. This is the final step in the legislative process.
Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,
А.Е. Лихачёв напомнил, что нынешний форум проходит под девизом «Ядерные технологии для лучшей жизни». Нет такой сферы человеческой деятельности, где так или иначе не присутствовали бы достижения атомной отрасли. «Мирный атом связан и со всеми задачами и целями устойчивого развития, обозначенными ООН. На нынешнем форуме мы обсудим новейшие технологии, которые будут лежать в основе будущего нашей планеты», - подчеркнул А.Е. Лихачёв.