Natural Gas Daily: May 26th, 2020
Oz Senex Reduces Supply to GLNG Project
Sydney-listed Senex Energy said it will reduce gas supply from Roma North project in Queensland to GLNG by around 1 petajoules (26.7mn m3) during June to August period at latter’s request, following currently lower LNG offtake requirements at the export project.
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The Big Picture:
- Senex will market this gas, together with higher than expected production from Atlas project, to east coast gas customers as a part of its supply portfolio, it said.
Iran Slams Turkey for Delaying Imports
Iran’s oil minister Bijan Namdar Zanganeh has criticised Turkey for delaying the restart of gas imports and for rejecting its offer to repair the import line damaged on Turkish territory by a blast March 31, Iranian TV reported May 25.
The Big Picture:
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This is the eleventh such terrorist event in 15 years and on past occasions it has always been repaired in one or two weeks.
Mitsui OSK Lines to Supply FLNG for Germany
Japanese shipowner Mitsui OSK Lines (MOL) and German LNG Terminal Wilhelmshaven (LTW) have signed a contract for a 263,000 m³ floating storage and regasification unit (FSRU), LTW owner Uniper said.
The Big Picture:
- Wilhelmshaven is Germany's only deep-sea port and has the optimal infrastructure for offloading LNG tankers of all sizes.
- There is at least one other LNG terminal planned for the German coast: at Brunsbuettel, which is to be owned by German Oiltanking and two Dutch companies Gasunie and Vopak.
Russian State Holding Cedes Majority Share of Rosneft
Russia's state holding company Rosneftegaz is no longer the majority shareholder of national oil giant Rosneft, the latter reported in a stock filing.
The Big Picture:
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Rosneft also reported on May 22 that its board of directors had given Igor Sechin another five-year term as the company's CEO. Sechin's reappointment comes after the company booked its first quarterly loss since 2012 in January-March, on low oil prices and ruble devaluation.
