revista presei pe energie 12 noiembrie – part II


ITAR TASS: No reasons to cut gas prices for Ukraine – Yazev, Russian Gas Society head

Deputy Chairman of Russian State Duma, head of the Russian Gas Society (RGS) Valery Yazev sees no reason to lower natural gas prices for Ukraine. “If there are serious and compelling arguments for lowering the price, it will be done,” he said at a press conference at Itar-Tass.

According to Yazev, the reached Russian-Ukrainian gas agreements are sufficiently profitable for Ukraine.

In addition, he noted that he understood that the issue of establishing a joint venture between Gazprom and Naftogaz is so far “stalling.” “Negotiations are in progress, but maybe not very productively,” said RGS head. According to him, Russia is ready to offer Ukraine a part in the oilfields in the Caspian Sea and the Yamal Peninsula in exchange for participation in the gas transportation system (GTS). He added that Ukraine is currently bringing the national legislation in this area in line with European, which also raises some questions.

Yazev also said that the South Stream project will be implemented regardless of the participation in the modernisation of Ukraine’s GTS. “South Stream will be built in time according to the existing work schedule,” he said noting that the pipeline route has been 90 percent determined. He said that if the variant of the pipeline laying through Bulgaria is chosen, then Romania, that is interested in the project, will also be able to take part in it.

Ukrainian Prime Minister Nikolai Azarov and Energy Minister Yuri Boiko were in Moscow in late March 2010 to negotiate lower gas prices; neither clearly explained what Ukrainian was prepared to offer in return. Following these talks Russian Prime Minister Vladimir Putin stated that Russia was prepared to discuss the revision of the price for natural gas it sells to Ukrainian. On April 21, 2010, Russian President Dmitry Medvedev and Ukrainian President Viktor Yanukovich signed an agreement in which Russia agreed to a 30 percent drop in the price of natural gas sold to Ukrainian. Russia agreed to this in exchange for permission to extend Russia’s lease of a major naval base in the Ukrainian Black Sea port of Sevastopol for an additional 25 years with an additional five-year renewal option (to 2042-47). As of June 2010 Ukraine paid Gazprom around 234 US dollars per one thousand cubic metres. Caspian gas exports to triple by 2020, predicts int’l agency

Gas exports from the Caspian Sea are expected to triple in volume in the next decade, the International Energy Agency (IEA) announced in its 2010 World Energy Outlook report released on Tuesday.

“The Caspian region has the potential to make a significant contribution to ensuring energy security in the rest of the world,” the report notes. The region is capable of providing gas for both China and Europe, which would allow the region to diversify its customer base.

The IEA expects gas exports to balloon from the 30 billion cubic meters (bcm) per year to approximately 100 bcm in 2020 and 135 bcm in 2025, the report stated.

Oil exports from the Caspian are also expected to surge. Oil production is expected to jump from 2.9 million barrels a day (mbd) to around 5.4 mbd between 2025 and 2030, the IEA reported.

Kazakhstan will be primarily responsible for this growth, according to the report, as the country ranks fourth behind Saudi Arabia, Iraq and Brazil for output growth in volume.

Kazakhstan plans to pump 5 bcm of gas to China this year, the Bloomberg financial news service quoted Kazakh Oil and Gas Deputy Minister Asset Magauov as saying in a press conference in New York on Tuesday.

Turkmenistan announced last week that the gas reserves in its newest gas field exceeded expectations and will allow the country to provide for the gas needs of Russia, Iran, the European Union and China. Turkmenistan has sufficient gas resources for exports to Asia and Europe

Turkmenistan has “more than enough gas to provide reliable and long-term natural gas supplies to Russia, China and Iran via already existing export pipelines, as well as to Pakistan and India, and in the European direction, through new planned routes,” the Turkmengeologiya state corporation said today.

According to the information, the projected reserves of the new Southern Yoloten-Osman gas field in the Mary region are estimated at 21 trillion cubic meters of gas.

In 2008, foreign auditors estimated the reserves at 14 trillion cubic feet of gas, which placed South Yoloten Osman among the five biggest gas fields in the world.

“A powerful flow of hydrocarbons, with a daily flow of 1.140 million cubic meters of gas, was received on South Yoloten Osman when testing exploration well No.28 in a depth of 4,546 -4,496 meters,” the corporation said in a statement.

The drilling of 11 more exploration wells on this field also yielded a significant gas inflow. The new data greatly complemented previously received information, and was needed to refine the geological model and estimation of the giant field’s reserves.

The complex works conducted by Turkmen geologists allow the enormous hydrocarbon potential of the field to more accurately revealed, Turkmengeologia reported earlier.

“Thus, according to the C1 category, the potential evaluation of the field is 9.985 trillion cubic meters, with C2 category at 11.055 trillion cubic meters, and a total of more than 21 trillion cubic meters of gas,” the corporation stated.

Turkmengeologiya also noted that the field’s perimeter is 105 kilometers in length and 30-35 kilometers in width.

The structure’s exploration activities in the country’s other regions also yielded positive results. A commercial inflow of about 800,000 cubic meters of gas was received at depths of 4,470-4,463 meters at exploratory well No. 205 at the Yashlar gas field in the Lebap region.

Another commercial inflow of about 270,000 cubic meters of gas was also received at depths of 4,750-4,771 meters at exploratory well No.17 at the Gunbatar Garadzhaovlak gas field in the Akhal region.

Local experts concluded that Garadzhaovlak exceeds previously identified structures. All of this suggests that another major natural gas producing object will be registered in the Akhal region in the near future. This center is located on the 1,000-kilometer East-West gas pipeline, which is under construction, and will connect the eastern fields into a single gas transportation network and bring their potential to the Caspian coast, where the gas could be moved forward to the EU, as well as the CIS, under the Nabucco gas pipeline project and the Trans Caspian Final Shah-Deniz-2 gas buyers to be revealed

The consortium developing the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea in the first quarter of next year will announce the final gas buyers within the second stage of the field’s development. The buyers will be chosen based on a short list of candidates, Reuters reported with reference to RWE Supply and Trading Executive Director Stefan Judisch.

The contract to develop Shah Deniz was signed June 4, 1996. Participants are BP (operator) – 25.5%, Statoil Hydro – 25.5%, NICO – 10%, Total – 10%, LukAgip – 10%, TPAO – 9%, and the State Oil Company of the Azerbaijan Republic (SOCAR) – 10%.

Peak production is forecast at over 8.6-9 billion cubic meters. Gas production may be brought up to 25 billion cubic meters per year under the second stage of development.

“We are in talks with the Shah Deniz partners and I am optimistic about Nabucco,” Judisch said at a press briefing.

SOCAR plays a leading role in the negotiation of gas sales within the second phase of the field’s development.

A high-ranking SOCAR representative told Trend that the Shah Deniz partners in Azerbaijan are negotiating with potential European gas buyers to sign a contract on the second stage of the field’s development. The contracts will be signed by October 2011. The final financial decision will be made that month. The initial decision will be made in March 2011.

First gas will be received in late 2016-early 2017, a SOCAR representative said.

Judisch said the third round of talks with the BP-led (BP.L) Shah Deniz II gas field consortium in Azerbaijan were scheduled for Nov. 12.

Participants of the Nabucco gas pipeline project, including RWE, hope to receive significant amounts of gas from Azerbaijan and Iraq to fill the pipeline. Shah Deniz may be a gas source for Nabucco. Turkmenistan is considered as another supplier of “blue fuel” with which the consortium is negotiating.

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