Natural Gas News – January 11, 2019

Natural Gas News – January 11, 2019

Peru Discusses Importing Natural Gas Through Pipeline from Bolivia

Reuters reported: Energy ministers from Peru and Bolivia agreed on Thursday to discuss building a pipeline that would transport natural gas and liquefied natural gas (LNG) from Bolivia to its neighbor. The pipeline would provide crucial access to the Pacific Ocean for land-locked Bolivia, running to Peru’s southern port of Ilo. Bolivia had wanted to build a pipeline through Chile to reach the ocean and expand its gas exports, but the International Court of Justice ruled against Bolivia’s demand that Chile negotiate granting it sovereign access to the sea in October. Bolivia is South America’s top natural gas exporter, but it is a net importer of oil, as is neighboring Peru. For more on this story visit reuters.com or click https://reut.rs/2D49jd0

Poland Scrambles To Wean Itself Off Russian Gas

Oil Price reports: Poland is continuing to make a pivot away from its decadeslong natural gas supplier – Russia. In a statement on Wednesday, Polish state-controlled oil and gas company PGNIG said that its share of gas imports from Russia fell to 66.8 percent in 2018 from 70.4 percent the previous year, while it imported around 9.04 bcm for the end of 2018, a drop of 6.4 percent year-on-year. The company imported around 13.53 bcm worth of gas to Poland, while domestic production totaled some 3.8 bcm. Poland’s liquefied natural gas (LNG) imports also increased in 2018 from the previous year, the company said. LNG imports from Qatar, Norway and the U.S. in 2018 increased by nearly 1 bcm (58.2 percent) and reached over 2.71 bcm (after regasification), compared to 2017, when around 1.72 bcm of LNG was imported after regasification. Poland’s LNG imports last year represented 20 percent of the country’s total gas imports compared to just 8.4 percent in 2016. For more on this story visit oilprice.com or click https://bit.ly/2D40dwT