Natural Gas News – August 1, 2018

Natural Gas News – August 1, 2018

Analysis: Pipeline Works Pull Russian Natural Gas flows to Germany, Slovakia Down 9% in July

S&P Global Platts reported: Russian flows of natural gas into Germany and Slovakia combined fell back to a five-month low in July on the back of maintenance works affecting delivery capacity into Germany, data from S&P Global Platts Analytics showed Wednesday. Total Russian deliveries into Germany and Slovakia combined stood at 10.16 Bcm last month, a fall of 9% when compared to June’s levels but a more sedate drop of 5% on an annual basis. Flows through the Nord Stream pipeline, which delivers Russian gas directly into northeast Germany at Greifswald, were close to zero between July 17-29 due to its annual shutdown. However, flows were still slightly higher than expected last month as the maintenance works were completed a day earlier than expected, coming in at 2.81 Bcm in July, down 24% on an annual basis and a more hefty 41% from June’s levels. For more on this story visit spglobal.com or click https://bit.ly/2Kj0A7b

LNG Demand Incentivises Development of Trinidad’s Natural Gas 

Offshore Technology reported: Trinidad and Tobago’s (T&T) total 2017 natural gas output grew by an average of 262 million cubic feet per day (mmcfd), representing a growth of 7.7% with respect to 2016 production mainly due to two major projects, Juniper and Sercan. Upstream operators committed to spend over $10 billion in exploration and development activities over five years starting in 2015. Indeed this new flow of investment is behind BHP’s 2016 LeClerc discovery and Victoria in July 2018, both in deep water. At present the government continues to reiterate its intention to set up a subsidiary that would receive and aggregate the upstream natural gas production to then allocate it to both domestic industry and LNG consumption. For more on this story visit offshore-technology.com or click https://bit.ly/2O30rXL

 

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