Tuesday, August 2, 2016

“Gazprom” wants to enter Iran’s LNG projects to monitor gas flows in Europe – BBC

«Gazprom» has sent a request to participate in the projects of LNG to the Iranian authorities, Iranian news agency Mehr. Currently, National Iranian Oil Company (NIOC) is developing a feasibility study for projects that will subsequently be a tender.

At the end of July, the head of the Russian Ministry of Energy Alexander Novak said that “Gazprom” is interested in the general scheme of development Iran’s gas industry development and joint construction of LNG plants, as well as joint marketing of gas, not only liquefied. Even earlier, in February, it was reported that Iran has stepped up cooperation with the Russian monopoly. The head of NIOC Hamid Reza Araki said that already created five joint committees on investment, repairs, maintenance, storage and processing of oil and gas

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The Islamic Republic of Iran is considered to be the owner of the largest gas reserves in the world – 33 trillion cubic meters, or 17-18% of the world reserves. But this assessment of the British BP, “Gazprom”, for example, only our own reserves are estimated at 36 trillion cubic meters.

Iran has long been trying to start large gas supplies to Europe. So far, only 9-10 billion cubic meters of Iranian gas is supplied to Turkey every year. Moreover, according to unofficial information, 1-2 billion cubic meters per year Turks resell the EU.

Talk about the large-scale deliveries started during the Nabucco pipeline project, which is considered a rival of Russia’s “South Stream”. But Nabucco was closed because of the uncertainty of the resource base. However, the “South Stream” followed him – but because of the European Commission claims. Russia occasionally recalls the “South Stream”, Europe and Iran – on the Nabucco, and everyone is talking about a possible revival of the draft. But in reality nothing has been done.

At the end of 2015, Tehran said that in the near future of the Islamic Republic will become a leading player in the global gas market, bringing production in 2020 to 1 3 billion cubic meters per day, which is almost three times the current production level of

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If the plans are implemented, the Iranian gas production reached 474.5 billion cubic meters per year. “Gazprom” in the last year got 418 470 000 000 cubic meters. Iran has also previously said he was ready to supply Europe with 30 billion cubic meters of gas.

But it is not building a pipeline, the optimal solution for the supply of LNG is it. Iran is planning to introduce in the power system of the LNG to 60 million tons

«For” Gazprom “participated in the Iranian LNG projects -. Pure strategy – says Senior Vice President Vyacheslav Mishchenko Argus. – Who is the downward energy price cycle and capital-intensive LNG projects do not matter »

« Gazprom itself “because of the price situation has been forced to postpone the project” Vladivostok-LNG “, but the company. already has liquefaction plant, working in the framework of the “Sakhalin-2″ project. Its capacity is 10 million tons. By the way, according to Mishchenko, “Gazprom” is needed Iranians just as a financial investor, as its own technology for liquefying Russian holding them to provide can not – they have Russian company has no

It is true that most of “Gazprom”. financial position is now ambiguous. On the one hand, the company last year showed more than fivefold increase in profit. As the reporting under IFRS, it amounted to 805.199 billion rubles. V. 157 192 000 000 a year earlier

But at the same time “Gazprom” in the coming years, expect the cost of major pipeline projects – “Power of Siberia”, “Nord Stream – 2″, “Turkish Stream”. The cost of these will amount to tens of billions of dollars

«Excess gas to” Gazprom “is not exactly necessary, -. Says the head of East European Gas Analysis Mikhail Korchemkin. – Probably, the Russian company wants to slow down the growth of Iranian gas exports »

From a strategic point of view of investments may justify themselves, as” Gazprom “is actually able to” intercept “of the Iranian volumes. LNG destined for Europe, and partly to monitor gas flows

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«We Gazprom Marketing & amp; Trading (trading unit of “Gazprom”) is already quite a large portfolio of third-party, that is not produced by the “Gazprom” gas, including LNG, – says Mishchenko. – And if before Iran was seen as a competitor to “Gazprom” in Europe, after the entry of Russian companies in Iranian projects partners will act in concert »

According to Mishchenko, cooperation will mainly be swapped

However, for the Iranian LNG projects there is a threat of competition, but not with Russia and with other players of the gas market. Already by 2018, preparing the commissioning of new facilities for LNG, totaling 133 million tons, of which 60 million tonnes – in the US and 53 million tons -. Australia

Contact “Gazprom” representative at time notes failed publication.

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