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Producción y mercados energéticos 15/10/19

Enerdata    
 
Latest Energy News 15 October 2019
 
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Gazprom starts filling Power of Siberia gas pipeline to China

Gazprom has started to fill gas into its Power of Siberia gas pipeline to China, in line with its schedule (first gas deliveries to China in December 2019). The Russian gas giant is currently starting up operations at its Chayandinskoye field in Yakutia in Siberia and progressing with commissioning the field’s core facilities. Gazprom has completed the drilling of 176 gas production wells and is ready to fill gas from the Chayandinskoye field into the Power of Siberia gas pipeline. In addition, the Kovyktinskoye field located in the Irkutsk region will start feeding gas into Power of Siberia in early 2023.

The 3,000 km-long Power of Siberia gas pipeline is meant to connect the Yakutia and Irkutsk production centres to supply the Russian Far-East and Chinese regions. As agreed in 2014, Russia will deliver 38 bcm/year of gas to China over a 30-year period using the pipeline. Moreover, in July 2019, China began to build a 1,110 km gas pipeline section to the project between Changling (in the province of Jilin) and Yongqing (in the Hebei province). The extension will be completed in October 2020.

power-of-siberia

Source: Gazprom

 
Policy & Regulatory

British Crown Estate opens Offshore Wind Leasing Round 4
The Crown Estate has issued the Pre-Qualification Questionnaire (PQQ) for Offshore Wind Leasing Round 4, which will offer seabed rights for at least 7 GW of new offshore wind projects in England and Wales (United Kingdom). Interested bidders will have to submit their PQQ by the end of November 2019 and the PQQ stage will run until January 2020.
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India cancels auction of 21 coal mines due to limited interest
The latest coal mine auction held by the Ministry of Coal of India has attracted a low interest. Out of the 27 coal mines offered for the iron and steel, cement, and captive power plant end-use (with up to 25% of commercial sale of coal), only 6 coal mines received at least three bids, a minimum threshold for the government to hold auction.
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Companies

Santos will buy ConocoPhillips assets in Northern Australia for US$1.4bn
Australian independent oil and gas producer Santos has reached an agreement with ConocoPhillips to acquire ConocoPhillips subsidiaries in Northern Australia for US$1.39bn.
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Energy & Climate Markets

NIOC announces large gas discovery in southern Iran
The National Iranian Oil Company (NIOC) has announced that it has discovered a large gas field in the southern province of Fars (Iran). The field, named Eram, would have 19 Tcf (538 bcm) of gas reserves in place, of which 13 tcf (368 bcm) would be recoverable, along with up to 385 mbl of condensate, enough to raise as much as US$40bn in revenues.
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Nigerian companies sign a US$2.5bn deal to supply Bonny LNG
Nigerian National Petroleum Corporation (NNPC) has signed a US$2.5bn pre-payment deal with Nigeria LNG to develop upstream gas projects, in order to increase gas supply to the Bonny liquefaction plant, with NLNG targeting a full capacity utilisation of the six existing trains. …
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CNPC raises oil and gas production at Tarim field (China)
China National Petroleum Corporation (CNPC) is raising its oil and gas production at the Bozi n°9 well at the Tarim oil field, in the Xinjiang Uygur Autonomous Region (northwestern China). The company, which developed and operates the field, has raised its production level to 418,000 m3/d of gas (i.e. an average of 150 mcm/year) and to 115 m3/d of condensate oil (i..e.
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Infrastructure & Investments

India is investing US$60bn to develop gas infrastructures
The Ministry of Petroleum and Natural Gas of India has announced that the country is investing US$60bn to develop gas supply and distribution infrastructures, including pipelines and LNG import terminals, to link up all the regions by 2024.
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