Transneft hits the accelerator

摘要

Transneft plans to launch the 900,000 b/d Zapolyarye-Purpe (Z-P) pipeline ahead of schedule in the first quarter of 2016, rather than the fourth quarter. But the line will remain half full for 1-2 years because development of the fields that will feed it is not progressing as swiftly as Transneft expected. The firm is laying the 520km line, which will link new Yamal-Nenets fields with the East Siberia-Pacific Ocean (ESPO) route, at a cost of $6.5bn. The Messoyakh fields, coowned by Rosneft and Gazpromneft, and the giant Russkoye field and the smaller Russko-Rechenskoye fields, owned by Rosneft, will be Z-P’s main crude sources, with the Messoyakh group alone due to provide 8mn t/yr (160,000 b/d) in 2020. Z-P is also expected to take crude from fields developed by the Novatek-Gazpromneft Severenergia consortium and Novatek’s Yarudeiskoye field.