Natural Gas Daily: November 25th, 2020
RUSSIAN ARCTIC LNG-2 PLANT 29% COMPLETE: NOVATEK
The 19.8mn metric ton/year Arctic LNG-2 project in north Russia is now 29% complete, its operator Novatek said in an update.
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- Arctic LNG-2's first train is due to start up in 2023, with its second and third scheduled for launch in 2024 and 2026.
- Russia's Zvezda shipyard announced on November 20 it had begun cutting steel for the first of the project's LNG carriers.
GLADSTONE LNG TO UNDERGO JAN MAINTENANCE
The Santos-operated Gladstone LNG (GLNG) on Curtis island, off Queensland Australia, is due to close one of its two production trains in January, according to a notice on the Australia Energy Market Operator (AEMO) website.
- Chevron reported this week it had safely resumed operations at a train at another Australian LNG terminal, Gorgon LNG, which had been idle since July when weld quality issues in its propane heat exchangers were discovered.
SNAM SCALES UP SPENDING, MAKES NET ZERO PLEDGE (UPDATE)
Italy's Snam plans to invest €7.4bn ($8.8bn) in its operations between 2020 and 2024, up from a €6.5bn spending plan in 2019-2023, it announced. The gas pipeline operator – Europe's biggest – also pledged to become carbon neutral by 2040, although the target does not cover Scope 3 emissions.
- Some €220mn will go towards developing at least 64 MW of biomethane infrastructure, €200mn towards energy efficiency and €150mn towards projects to convert trains to run on hydrogen and install hydrogen fuel cells in the Snam network.
- Snam is targeting a 50% reduction in Scope 1 and 2 CO2 emissions by 2030, versus the level in 2018. Over half of the cut will be achieved through developing turbines that run partly on hydrogen to power its grid compressor stations. Reductions in methane emissions will account for much of the remainder, Snam said.
OPERATIONS CONTINUE AT OZ BEETALOO PROJECT
Australian explorer Origin Energy reported that operations continue at the Kyalla 117 well in Beetaloo project near Daly Waters in the Northern Territory.
- Origin is partnered with Irish Falcon Oil & Gas in the Beetaloo project.