Natural Gas Daily: December 11th, 2020
ALGERIA'S SONATRACH PENS MOU WITH ENI
Algerian national oil and gas firm Sonatrach has signed a memorandum of understanding (Mou) with Italy's Eni on concluding contracts for developing the Berkine basin, it said on December 10.
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- Sonatrach has signed MoUs with many other foreign companies over the past year, including Chevron, ExxonMobil and Austria's OMV, on possible exploration and production projects.
- This push comes after the country passed a new hydrocarbon law last year that has helped generate interest in its upstream sector.
CHENIERE ENERGY PARTNERS INKS DEAL FOR 30 CARGOES
Cheniere Energy Partners said on December 9 it had signed an agreement to supply 30 LNG cargoes to a division of Cheniere Energy.
- Sabine Pass has five operational liquefaction units, each capable of producing 5mn metric tons/year of LNG. A sixth train is due to enter service in 2022, raising overall capacity to 30mn mt/yr.
RUSSIA'S FIRST LNG BUNKERING VESSEL NEARS LAUNCH
Construction of Russia's first LNG bunkering vessel is now in its final stage, its owner Gazprom Neft reported on December 10, following the installation of tanks and other cryogenic equipment for LNG transport and storage.
- LNG bunkering is on the rise, particularly in Europe, with stricter International Maritime Organisation (IMO) on the sulphur content of fuels driving recent growth.
GE TO SUPPLY GAS TURBINE TO KOREAN CCGT
General Electric (GE) on December 8 said it would supply equipment, including a gas turbine, to state utility Korea Electric Power Corporation’s (Kepco's) Shinsejong CCGT power plant located in Nuri-ri in Sejong city.
- This will help Kepco meet growing demand for heat, air conditioning, and electricity while reducing greenhouse gas emissions in line with the country’s “Green New Deal”, the government’s commitment to making the country carbon neutral by 2050, GE said.
PETRONAS MAKES HYDROCARBON DISCOVERY OFF SURINAME
Malaysia's Petronas has made its first discovery of hydrocarbons offshore Suriname, after drilling the Sloanea-1 exploration well at Block 52, it said.
Blue hydrogen, produced from natural gas, will "play a significant role in the world's transition to a sustainable energy future," the general secretary of the Gas Exporting Countries Forum (GECF), Yuri Sentyurin, said in a online session on December 9.
- The GECF estimates that nearly half of hydrogen will be blue by 2050, with 10% of all gas supply used to create the fuel. For hydrogen to be considered blue, CO2 emitted during the conversion from gas should be captured.
- But green hydrogen, produced from water using renewable energy-powered electrolysis, will also dominate the market.