Natural Gas News – August 8, 2018

Natural Gas News – August 8, 2018

US Confirms Iran Sanctions Waiver For Azerbaijan Natural Gas Pipeline to Turkey, Europe

S&P Global Platts: The Southern Gas Corridor has received a waiver from US sanctions against Iran’s energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe while bypassing Russia. The language appeared in an executive order that President Donald Trump signed Monday. BP had been seeking a sanctions waiver for its development of Azerbaijan’s offshore Shah Deniz fields, the source of the Southern Gas Corridor’s natural gas. Iran’s NICO holds a 10% share in the second phase of Shah Deniz, potentially triggering US sanctions against Iran petroleum sector investment. US energy sector sanctions being re-imposed November 4 will ban companies from the US financial system if they continue to do business with Iran. Countries that depend on Iranian oil imports are continuing to press the US government for waivers. For more on this story visit spglobal.com or click https://bit.ly/2KD7ynv

Open Season Begins For Natural Gas Pipeline in Delaware Basin

Kallanish Energy reported: Texas-based Summit Midstream Partners is holding a binding open season for its Double E natural gas pipeline in the Permian Basin in West Texas and New Mexico, Kallanish Energy reports. The open season on 500 million cubic feet of available capacity will close on Sept. 14. Total capacity is in excess of 1 billion cubic feet per day. Last week, Summit Midstream announced a deal with XTO Energy, an ExxonMobil subsidiary, to become a foundation shipper on the pipeline project. The pipeline will connect the northern Delaware Basin in West Texas and New Mexico to the Waha Hub in West Texas. The pipeline is expected to begin service in 2021. The project will stretch 134 miles with 30- to 42-inch pipe. It will originate in Eddy County, New Mexico, and serves Lera County in New Mexico and Loving, Reeves, Ward and Pecos counties in Texas. For more on this story visit kallanishenergy.com or click https://bit.ly/2Mpv0GG

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