Daily Digest: February 14th, 2020

Gazprom, the world’s biggest gas company, held its annual investor day in New York on February 11, seeking to drum up interest in its shares by pointing to its resilient earnings and firm growth trajectory.

Gazprom has signed a protocol with Belarus setting a pricing mechanism for Russia gas supplies to Belarus in 2020, the company said on its website.

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GasTerra saw its revenue fall by a fifth last year thanks to “significantly lower” gas prices than the year before, the Dutch gas marketer said.

Hamburg-based LNG supplier Nauticor and shipyard Fassmer have begun co-operating in newbuild LNG vessels and retrofitting vessels that ran on oil products, they said.

Houston-based LNG developer NextDecade announced on February 13 it had signed a definitive agreement to sell 100% of the planned Rio Bravo gas pipeline in southern Texas to Canadian energy infrastructure operator Enbridge, for $25mn.

Efforts to reduce flaring in the Bakken associated gas fields of North Dakota continue to fall short of state-mandated targets, the US Energy Information Administration (EIA) said in its weekly natural gas update published February 13.

Middle East and North Africa-focused Dana Gas’ net profit in 2019 stood at $157mn as against a loss of $186mn in the year before thanks to increased production in Kurdistan Region of Iraq (KRI), it said February 12.

North Africa-focused SDX Energy has kicked off a new drilling campaign at its flagship South Disouq gas project in Egypt, it reported in a London stock filing.