Natural Gas Daily: November 10th, 2020
RUSSIA BROKERS ARMENIA-AZERBAIJAN PEACE
Azerbaijan and Armenia have reached a Russia-brokered peace deal, ending more than six weeks of conflict over the disputed Nagorno-Karabakh region. Baku is hailing the agreement as a victory, while Armenians are treating it as a defeat, having agreed to cede some territories seized by Azerbaijan during the fighting.
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- Fighting erupted in late September, and Moscow has tried several times to broker a ceasefire.
- The conflict comes as Azerbaijan prepares to launch gas supplies to Europe before the end of this year once the final section of the Southern Gas Corridor, the Trans-Adriatic Pipeline, is commissioned.
MCDERMOTT WINS FEED WORK AT ICHTHYS GAS FIELD
McDermott International has won a contract for front-end engineering design (Feed) at the Inpex-operated Ichthys LNG project in Australia, it said.
- The 8.9mn metric ton/year Ichthys LNG plant started up in October 2018. Inpex serves as operator with a 62.25% stake, while France's Total has 26%. Other shareholders include the off-takers CPC Corp Taiwan (2.63%), Tokyo Gas (1.58%), Osaka Gas (1.2%), Kansai Electric Power (1.2%), Jera (0.74%) and Toho Gas (0.42%).
OZ EAST COAST LNG EXPORTS UP 9% IN OCT
LNG exports from projects located on the Australian east coast came to 2.01mn metric tons in October, up 9% month on month and 1% year on year, according to the latest data published by Gladstone Ports Corporation.
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The three projects – the ConocoPhillips-Origin Energy Australia Pacific LNG, Shell’s Queensland Curtis LNG, and the Santos-led Gladstone LNG – shipped 1.21mn mt of LNG to China last month compared with 1.38mn mt a year earlier.
GAZPROM SEEKS HIGHER GAS PRICE FROM POLAND
Russia's Gazprom has requested an increase in the price it charges Poland's PGNiG for its gas, the latter said on November 9, according to Russia's Interfax news agency.
- PGNiG requested a price renegotiation earlier this month.
- The pair have locked horns over prices just months after Gazprom agreed to pay PGNiG $1.5bn for previously overpricing supplies, following a ruling by a Swedish arbitration court.