Natural Gas Daily: 9 September 2020

Natural Gas Daily: 9 September 2020

Tokyo Gas buys a stake in US Gas Asset: print

Japan’s Tokyo Gas utility bought a stake in a natural gas resource in the US state of Louisiana for about 20 billion yen ($ 188 million), Nikkei said.

  • While Tokyo Gas is expanding into the United States, Japanese colleague Sumitomo recently downloaded its entire 30% stake in a Marcellus shale gas project in the state of Pennsylvania.

Petronas launches the virtual LNG pipeline

On September 8, Petronas, operated by the Malaysian state, said it recently launched a virtual pipeline system (VPS) solution for supplies from its LNG regasification terminal in Pengerang, Johor.

  • The VPS solution supplies LNG using trucks equipped with cryogenic tanks to off-grid customers, the company said.

  • Many companies they are looking to distribute LNG by road, rail or waterway – a concept otherwise known as a “virtual pipeline”.

Kosmos concludes a $ 200 million agricultural deal with Shell

Texas-based Kosmos Energy has reached a deal to reduce its interests in a number of exploration projects in Africa and Latin America to Shell for up to $ 200 million, it said in a stock statement.

  • Once the deal is completed, Kosmos will have a “targeted” exploration portfolio with 6 billion barrels of gross resource potential in the Gulf of Mexico and West Africa.

Poland accelerates the shift from coal

Poland has accelerated plans to phase out the use of coal, as part of its updated energy strategy published on September 8, creating more space for gas.

  • Poland gets most of its current gas supply from Russia, but its own long-term supply contract with Gazprom it expires at the end of 2022 and does not intend to renew the agreement. Qatar and the United States will be among its new suppliers.

Sonatrach enlists contractors to build gas pipes

Algerian Sonatrach has awarded contracts to six national companies to build 700km of pipelines and networks to transport gas from fields in the country’s southwest, it said on September 8.

  • Algeria wants to forge new partnerships to expand its oil and gas production, having passed a new hydrocarbon law late last year that helped generate interest.
  • It is reported today that American company Air Products has been hired by Sonatrach to supply four of its MCR cryogenic heat exchangers for the GL1Z LNG plant in Arzew, Algeria.

Tullow cancels $ 1.4 billion, Eyes further sales

Tullow Oil is looking into further asset sales that could amount to $ 1 billion following its $ 500 million Uganda asset sale to French major Total, it said as it announced first-half writedowns totaling $ 1. , 4 billion dollars.

  • Production in both fields in Ghana was strong in the first half with the Jubilee field averaging 84,700 boe / day gross and the TEN field averaging 50,900 boe / day gross.

  • The company produced less gas than expected at the Jubilee and TEN blocks last year due to operational setbacks.

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