Natural Gas Daily: May 21st, 2020
Nord Stream 2 Loses Court Case over EU Gas Rules: Update
The General Court of the EU said on May 20 it had rejected challenges brought by the Gazprom-owned operators of the Nord Stream 1 and 2 projects against changes that impose EU gas market rules on them.
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The Big Picture:
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The ruling comes days German regulators denied Nord Stream 2 a waiver from the rules, which will require Gazprom to cede control of the pipeline, ensure third-party access to its capacity and set transparent tariffs.
US Regulator Approves Alaska LNG Project
The US Federal Energy Regulatory Commission (Ferc) has approved Alaska Gasline Development Corp’s (AGDC) proposed 20mn mt/yr Alaska LNG project, it announced.
The Big Picture:
- The project has met with stiff environmental opposition.
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AGDC has not been able to find a suitable partner, or partners, for the estimated $43bn project.
Strike, AGIG Partner for West Oz Gas Infrastructure Project
Sydney-listed Strike Energy has partnered with gas infrastructure company, Australian Gas Infrastructure Group (AGIG), to build, own and operate the gas plant to process gas from West Erregulla project, it said on May 20 in a statement.
The Big Picture:
- Strike and its partner Warrego discovered the field in the onshore Perth basin in November last year, with Strike hailing it was one of the largest conventional gas finds ever to be made onshore Australia.
China's Gas Production Up 14% in April
China's natural gas production in April stood at 16.1bn m3, up 14.3% yr/yr, as per data published by the country’s statistics bureau.
The Big Picture:
- Last year, China's domestic gas production experienced the biggest annual hike in a decade, albeit still below plan.
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Slowing demand growth and increasing domestic output have dampened gas imports.
