Oil and gas rig companies operating in the waters off the UK in the North Sea could face being shut down if they do not convert platforms to green electricity or low-carbon energy.
South Africa is finally on the brink of developing its first LNG import terminals, just as it closes in on a substantial increase in domestic gas production. A combination of imported and domestic gas could address the country’s chronic power shortages and still heavy dependence on coal. [Gas in Transition, Volume 3, Issue 12]
MOSCOW/NEW DELHI (Reuters) -Russian energy company Novatek is likely to resume large-scale operations at its Ust-Luga processing complex and Baltic Sea terminal within weeks, following a suspected drone attack seen disrupting naphtha flows to Asia, analysts said on Monday. The tightening of supply from Russia, following fears of disruption in European naphtha exports to Asia from Yemeni Houthis' attacks on ships in the Red Sea, are driving up naphtha prices and refining margins in Asia. The profit margin for making naphtha in Asia jumped by about $6 to $91.70 per metric ton over Brent crude on Monday after four straight sessions of losses.
Some Russian analysts have said that Novatek, the Russian energy plant, attacked by Ukrainian drones on the Baltic Sea coast could resume operations in a few weeks or even months. Source: Reuters with reference analysts at Moscow-based brokerage BCS Details: Novatek could resume large-scale operations at its Ust-Luga refinery and Baltic Sea terminal within weeks after a suspected drone attack that disrupted oil flows to Asia, analysts said.