Gas

Analysis: The participation of Rosneft in the Absheron project to allow it to influence choice of route for Azerbaijani gas export to Europe

Rosneft seeks the  possibility to take part in the Azerbaijani gas project Absheron on shelf of the Caspian Sea. According to some information, in July this issue was discussed by the company’s Head, Igor Sechin, the Azerbaijani President, Ilham Aliyev and the project operator – French Total. According to expectations, the Absheron field, where the presence of large gas reserves was proved a year ago, in July of 2012, may become the next trump card for Azerbaijan in the issues of Caspian gas supplies to Europeand create competition to European export of the Russian gas monopolist Gazprom. According to preliminary data, 150-300 billion cubic meters of natural gas and roughly 45 million tons of condensate are located in the northern part of the Absheron field.
The possibility that Rosneft will come to the Azerbaijani shelf are estimated as rather high, taking into account the company’s capability to give a good price for a share in the Absheron project due to receipt of about $60 billion from oil deals with China.

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NOVATEK looking for consumers in Poland

The largest independent gas producer in Russia, NOVATEK has decided to expand in the Polish market. The company has purchased the LPG sales business from Statoil Fuel & Retail Polska (SF&RP). The volume of this segment in Poland makes up more than 500 thousand tons of LPG per year at the amount of more than 300 million EUR. However, when NOVATEK strengthens its positions at LHG market it can enter Polish LHG market and press Gazprom.
Novatek Polska signed an agreement with Statoil Fuel & Retail Polska about purchase of a part of the business connected with delivery of heating and industrial equipment working on LPG, SF&RP reported. Novatek Polska will obtain rights and liabilities under acting agreements of LPG delivery to the clients of SF&RP who have previously taken such equipment from it on lease.

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BP increases volumes of associated gas, transferred to Azerbaijan

By results of 2012, the daily production volume of partners on development of the block of marine fields Azeri-Chirag-Guneshli (ACG) in the Azerbaijani sector of the Caspian Sea made up 664.4 thousand barrels of oil (243.2 million barrels or 32.9 million tons per year), BP reports in its annual accounting.
According to BP, in the reporting period SOCAR received about 9.2 million cubic meters of associated gas per day from the fields.

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Russian Ministry of Energy to hope to rech agreement with the EC on OPAL in September

The Russian Ministry of Energy hopes that the final solution on the use of OPAL by Gazprom will be made in September, the Deputy Minister, Anatoly Yanovsky said.
OPAL with a capacity of 36 billion cubic meters is laid through Germany, connected with the new Trans-Baltic main pipeline Nord Stream with existing gas transportation networks. Russia and Germany wants to exclude the gas pipeline from rules of the Third Energy Package of the EC, which allows Gazprom to fill not more than a half of the pipe. A working team that includes representatives of the European Commission and Russian Ministry of Energy negotiates; its last session on July 22 didn’t reach a final decision.

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Participants of the Shah-Deniz consortium purchase shares in the TAP project

Partners on development of the gas condensate field Shah-Deniz – BP, SOCAR and Total – have bought shares in the Trans Adriatic gas pipeline, TAP reports.
On June 28 of the current year, the Shah-Deniz consortium made a formal declaration about route of natural gas transportation to European countries, announced the choice of the TAP project instead of its alternative variant Nabucco (Nabucco West), the Novosti-Azerbaijan transmits.

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Within the whole period of exploitation, Shakh Deniz has gained yield of 37.6 billion cubic m of gas

Within the whole period of exploitation, since November 2006 until January 1 2013, Shakh Deniz has gained yield of 37.6 billion cubic m of gas, and 10.1 million tons of gas condensate according to the report ‘About stable development of BP in Azerbaijan’.  Gas production was 6.7 billion cubic m in 2001, and 7.7 billion cubic m in 2012.
Translated by Nadezhda Poltoratskaya
Source:  http://www.1news.az/economy/oil_n_gas/20130730050521672.html

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Tethys to plan to drill two more wells at the Doris

Yesterday, the oil company Tethys Petroleum published review of its operating activity in Kazakhstan. The company reported that it planned to start the drilling of wells AKD08 and AKD09, located at the Doris field.
As the Holyk Finance reports, according to independent study of Gustavson & Associates, the total recoverable resources of Cretaceous and Upper Jurassic cross-sections in the well AKD08 are estimated at 22 million barrels of oil equivalent. The independent assessment of resources of the Triassic cross-section is unknown.

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On July 29, the daily gas output was 1.5505 billion cubic m in Russia

On July 29, the daily gas output was 1.5505 billion cubic m in Russia ,  the Central Dispatch Department of Fuel and Energy Sector reports. Gas production was 1,084.4 million cubic m in Gazprom, 155.0 million cubic m in Novatek, 228.5 million cubic m in oil companies and 44.4 million cubic m in other companies.
Translated by Nadezhda Poltoratskaya
Source:  http://www.angi.ru/news.shtml?oid=2803036

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Fitch confirms Gazprom’s rating at BBB with stable forecast

The international agency Fitch confirms Gazprom’s long-term issuer default rating at BBB with a stable forecast. The long-term rating under the national scale is AAA(rus). The confirming of the ratings reflects the expectations of the agency that Gazprom continues making a profit from gas exports to Europe under long-term contracts at least until the middle of 2010-s.

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Construction of West Chirag platform is almost completed

West Chirag platform will become the largest installation in the Caspian Sea. The topside (18.5 thousand tons) were founded in 2010 and the bearing block (18.2 thousand tons) was installed in April 2013. West Chirag will assist the stabilization of oil extraction at the block of Azeri-Chirag-Gyuneshli deposits and maximization of the reservoir recovery.

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