Baltic Pipe to start in late November

  • : Natural gas
  • 22/09/26

Full capacity on the 10bn m³/yr Baltic Pipe is to be available in late November, more than a month earlier than originally scheduled, Danish transmission system operator (TSO) Energinet said.

The pipeline was previously expected to reach its full capacity from 1 January 2023, with 3bn m³/yr planned to be available from 1 October. But thanks to an "extraordinary effort" from everyone involved, the remaining sections of pipeline were laid faster than originally expected, allowing full commissioning to take place more than a month early, Energinet's international relations director, Torben Brabo, said.

But while the link's full capacity will be available early, the partial commissioning of the link from 1 October will be at a volume "less than previously calculated", owing to "challenges associated with the technical facilities in Everdrup", Brabo said. Some 62.4 GWh/d — roughly 20pc of the line's capacity — will be available from 1 October, Energinet told Argus. Flows will be "continuously increased" and the capacity reassessed until full commissioning at the end of November, although Energinet does not know the potential increase at this time, the TSO said.

The receiving terminal in western Jutland will have a delay of approximately one week, meaning that Norwegian gas will not enter Denmark through the new terminal until 8 October, Energinet said. But gas is still available in Denmark that can be sent through the pipe in the meantime, the TSO said.

Polish state-controlled PGNiG, which holds more than 8bn m³/yr of the Baltic Pipe's capacity on a long-term basis, recently said that it plans to use 100pc of the link's capacity in the fourth quarter, but this was before the new timeline was released. It is unclear exactly how much gas PGNiG will be able to bring in during this time, but the revised date could make it easier for Poland to cope without Russian gas this winter, particularly given the country's relatively small storage capacity compared with consumption.


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24/04/29

Singapore’s Jadestone cuts 2024 output guidance

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Sydney, 29 April (Argus) — Singapore-listed independent Jadestone Energy has cut its 2024 oil and gas production guidance, citing disappointing first-quarter group production. Jadestone said the impact of planned and unplanned downtime across its portfolio resulted in it narrowing its guidance from 20,000-23,000 bl of oil equivalent (boe/d) to 20,000-22,000 boe/d in its results for 2023 published on 29 April. Average production for January-March was 17,200 boe/d, which Jadestone said reflected the impact on its Australian assets, including the 6,000 b/d Montara oil field, of an active cyclone season at the start of 2024. The firm produced 14,000 b/d in 2023, up from 11,500 b/d in 2022. But problems at Montara and lower realised oil prices resulted in a loss of $91mn in 2023 following a $9mn profit recorded in 2023. Jadestone's realised oil price of $87.34/boe in 2023 was 16pc lower than $103.85/boe a year earlier. Proved and probable reserves at the end of 2023 totalled 68mn boe, a 5pc increase on a year's earlier 64.8mn boe, mainly because of the acquisition of a 9.52pc stake in Thailand's Sinphuhorm gas field and increases at the Cossack, Wanaea, Lambert and Hermes oil fields offshore Australia and the Akatara gas field in Indonesia's Sumatra. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

BP inks another term deal to sell LNG to Korea's Kogas


24/04/29
24/04/29

BP inks another term deal to sell LNG to Korea's Kogas

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Australia’s QPM hikes gas reserves estimate


24/04/29
24/04/29

Australia’s QPM hikes gas reserves estimate

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Azerbaijan wants certainty from EU on gas needs


24/04/26
24/04/26

Azerbaijan wants certainty from EU on gas needs

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US M&A deals dip after record 1Q: Enverus


24/04/26
24/04/26

US M&A deals dip after record 1Q: Enverus

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