Natural Gas Daily: June 3rd, 2020
Shell Mulls $2bn+ Sale of Oz LNG Facilities: Press
Shell is looking to sell a stake in the common facilities of its 8.5mn mt/yr Queensland Curtis LNG plant in Australia – a deal worth more than $2bn, Reuters reported.
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The Big Picture:
- Shell is the majority owner of QCLNG, while minority stakes are held by China National Offshore Oil Corp (Cnooc) and Japan's Tokyo Gas.
- But the Anglo-Dutch major is the sole owner of its common facilities, which include two LNG storage tanks, water, fuel and power generation systems, a tanker-loading jetty and terminals.
Gazprom & Partner Greenlight New Gas Project
Russia's Gazprom and Rusgazdobycha have taken a final investment decision (FID) on development of the Semakovskoye gas field in Western Siberia, the companies said on June 2.
The Big Picture:
- Gazprom and Rusgazdobycha are also working together to build an integrated gas processing and LNG production complex on the Baltic Sea.
Gazprom Appeals Ruling on Polish Gas Contract
Russia's Gazprom has appealed against a Stockholm arbitration ruling requiring it to alter its pricing formula for gas supplies to Poland, Polish gas firm PGNiG said in a statement on June 2.
The Big Picture:
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The arbitration ruling in late March also orders Gazprom to provide $1.5bn refund for past overpayments for its gas.
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PGNiG had said in April 30 that Gazprom was complying with the verdict, with the Russian company stating would correct invoices for supplies in recent months.
Adnoc May Sell 49% Stake in Gas Pipelines: Press
The UAE's Abu Dhabi National Oil Co (Adnoc) is close to selling a stake in its natural gas pipelines to an investor group backed by Global Infrastructure Partners (GIP) and Brookfield Asset Management, Bloomberg reported on June 2 citing sources.
The Big Picture:
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State-run Adnoc is likely to sell a 49% stake in the pipelines this month. The deal could value the pipelines at more than $15bn, including debt, sources told Bloomberg.
Total, Equinor Withdraw from Brazilian Blocks: Update
Norway's Equinor and France's Total are withdrawing from a group of blocks in Brazil's offshore Espirito Santo basin, Brazil's Petrobras reported on June 1, announcing that it was seeking new investment partners.
The Big Picture:
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Petrobras is also seeking a buyer for its 35% stake in Campo de Manati, a gas-producing concession in the offshore Camamu basin.
Gail, ESSL Sign Plan Trigeneration Projects in India
Indian state-run companies Gail and Energy Efficiency Services (EESL) have signed a memorandum of understanding (MoU) for cooperation in developing trigeneration projects in India, Gail said in a statement.
The Big Picture:
- Trigeneration or combined cooling, heat and power (CCHP) typically involves natural gas-fired generators to produce electricity.
