Botas LNG purchase tender seeks US, Russian supply - OIL & GAS EURASIA

01.NOV.2019

Turkey’s Botas issued a tender to purchase 70 cargoes of LNG (liquefied natural gas) for delivery over 2020-2023, two days after the US lifted sanctions.

The US imposed sanctions earlier in October in response to Turkey’s military offensive in northern Syria. The LNG tender will close on Nov. 8.

Heavily dependent on pipeline gas imports from Russia, Turkey is aiming to reduce Russian imports and diversify its gas sources. It has already reduced flows from Russia’s Gazprom significantly this year, while increasing LNG purchases and gas imports from Azerbaijan.

Botas buys LNG on a long-term basis from Nigeria and Algeria. The contract with Nigeria expires in 2021, while a deal with Algeria’s Sonatrach runs until late 2024. There is also a mid-term contract with Qatargas expiring next year.

The degree to which Turkey will increase its LNG imports depends however on price. The Turkish news site yenisafak.com quoted Danila Bochkarev, a senior fellow at the EastWest Institute, as saying: “LNG should be cheaper than pipeline gas in order to gain an additional share of the Turkish market.”

New setback for plans to import gas - CYPRUS MAIL

November 1, 2019

George Psyllides

The island’s effort to import natural gas to power its electricity grid looked set to delay further on Friday after complications emerged in the tender process for the construction of an LNG import terminal at Vassilikos

The latest obstacle to the effort spanning some 14 years concerns an appeal lodged by a company against a decision to exclude it from the project because of links to an entity implicated in a waste treatment scandal.

Aktor SA is part of a consortium comprising China Petroleum Pipeline Engineering Co Ltd (CPPE), Aktor SA and Metron SA, Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Ltd that won the tender for the construction of a floating storage regasification unit (FSRU), a jetty for the mooring of the FSRU, pipelines, port and other facilities.

HELPE indicates possible existence of large gas field - KATHIMERINI

THURSDAY OCTOBER 31, 2019 12:48

Chryssa Liaggou

Seismic research conducted by Hellenic Petroleum (HELPE), the country’s biggest oil refiner, has indicated the possibility of the existence of a large reserve of natural gas in Greece, similar to Egypt’s gigantic Zohr gas field in the Eastern Mediterranean.

In a presentation on Wednesday, Yiannis Grigoriou, HELPE’s general manager for exploration and production of hydrocarbons, said that seismic depictions of the Zohr field bear similarities to an area that HELPE is exploring.

He did not reveal which region of the ones HELPE is exploring he was referring to [TEKMOR Note: SW Crete / local sources].

If these indications are confirmed by drilling activities, then the potential quantities may be 280 billion cubic meters, which would be able to cover Greece’s needs for 70 years.

Egypt- BP invests $2.7bn to develop North Alexandria's Giza and Fayoum gas fields - MENAFN / DAILY NEWS EGYPT

OCT/30/2019 8:10:12 PM

(MENAFN - Daily News Egypt) BP has invested $2.7bn to implement the second phase of the North Alexandria's Giza and Fayoum gas fields to produce about 680m cubic feet of gas per day (scf/day) during the last fiscal year.

A source at the Egyptian Natural Gas Holding Company (EGAS) told Daily News Egypt that BP has started the implementation of the third phase of the Raven gas project to bring its total production output to 1.5bn scf/day early 2020.

He explained that the third and final phase of the project involves connecting 850m scf/day from the Raven field in the deep water in the Mediterranean Sea, with an average production rate of 350m scf/day.

A gas processing plant, which will receive the output of Raven field, is under construction, with a capacity of 900m scf/day, he said.

The source pointed out that the natural gas produced from the Raven field has special specifications different from the previous two stages of Libra, Torres, Giza, and Fayoum fields, and the new treatment plant is being built next to Rashid treatment plant.

Egyptian Companies to Return to Libyan E&P Sector - PETROLEUM AFRICA

Tuesday, October 29, 2019

NOC chairman Eng. Mustafa Sanalla met with Egyptian Minister of Petroleum Eng. Tarek El Molla, and senior officials of the Egyptian Ministry of Petroleum, in Cairo on October 27, 2019. The meeting was held to further mutual cooperation between NOC, the Egyptian Ministry of Petroleum, and Egyptian oil companies.

Eng. El Molla stressed the importance of enhancing Libyan-Egyptian mutual cooperation and emphasized Egyptian companies’ aspirations to resume work in Libya. The Minister also confirmed that Egyptian oil companies have been directed by the Ministry to return to doing business and to proceed with currently suspended projects in Libya.

The NOC chairman briefed the Egyptian attendees on NOC’s plans to increase oil and gas production in Libya and invited Egyptian oil companies to contribute to the implementation of these plans both technically and commercially. Sanalla also commended Egyptian state-owned enterprise Petrojet, which previously completed the Wafa oilfield pipeline in western Libya.

EGAS resumes natgas exports to Jordan - ENTERPRISE

Sunday, 27 October 2019

EGAS resumed natural gas exports to Jordan at a rate of 290 mcf/d at the beginning of October, a source from the state-controlled company told the local press. 

The kingdom has been importing variable amounts since we resumed exporting natural gas to Jordan last September under a supply resumption agreement, which provides as much as 10% of Amman’s gas needs.