Here is what’s going on in the natural gas industry around the world:
Ukraine, according to Prime Minister Nikolai Azarov, plans to raise its natural gas production to more than 21 billion cubic meters from 2013 to 2015.
The effort is part of a plan to continue to modernize energy independence principles. Some priorities in the plan include an advancement in natural gas. In the gas sector, the country will continue the trend of producing its own hydrocarbons, fulfillment of a project for the construction of a marine terminal for the receiving of liquefied natural gas (the LNG-terminal project), as well as for the exploration and production of oil and gas in the Black Sea’s and the Sea of Azov’s offshore zones.
The country plans to step up geological surveys to utilize more gas at home instead of using imported gas.
Russia’s gas exports to Turkey have increased following a pipeline blast.
Currently Russia’s gas giant Gazprom is supplying 48 million cubic meters per day of natural gas to Turkey.
A pipeline explosion halted supplies from the Islamic Republic. Turkey’s state gas importer Botas asked Gazprom to increase its daily shipment by 50 percent following the blast.
Officials in Turkey said the explosion was set off by a remote-controlled explosive device.
There is no timeline for when the pipeline will be repaired.
Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company has announced a new gas discovery in the Nile Delta, Egypt. The discovery was at West Sama-1 in the West El Qantara Concession.
This new field discovery comes after the first successful drilling in the Komombo Concession earlier in the second quarter of the year. The new discovery is nearby to the Sama-1 and Sama-2 dry gas discoveries in the Abu Madi formation. The evaluated in-place resources for the West Sama-1 are between 4 to 6 Billion Cubic Feet (Bcf). The company is preparing a development plan for this discovery to be tied in to the nearby pipeline owned by Dana Gas. The West Sama-1 gas discovery will be tied in to the Company’s nearby South El Manzala gas processing plant.
The West Sama-1 well is the first significant dry gas discovery in the Kafr El Sheikh Formation by Dana Gas in 2012 and the twenty third as a result of the aggressive exploration drilling campaign that started in 2007 and will continue throughout 2013.
This new field discovery comes after the announcement of commencement of Dana Gas’ joint-venture, the Egyptian Bahrain Gas Derivatives Company (EBGDCo) NGL extraction plant at Ras Shukheir in Egypt. EBGDCo’s first cargo shipment of propane was achieved on 1st October 2012 signalling scheduled plant production start-up on a commercial basis. When fully operational, the plant will extract 120,000 tonnes per annum of propane & butane from a gas stream of 150 MMscfd.