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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Feb 28, 2022 11:34am
71 Views
Post# 34467856

Russia Sends Natural-Gas Tankers to Kaliningrad Outpost Behi

Russia Sends Natural-Gas Tankers to Kaliningrad Outpost Behi

Russia holds most of the cards when it comes to energy in Europe. But in a territory that it controls behind NATO lines, Moscow is taking extreme measures to shore up supplies as the war in Ukraine rages.

In recent weeks Russia has steamed in three massive sea vessels carrying natural gas close to Kaliningrad, its bolthold on the Baltic Sea wedged between North Atlantic Treaty Organization members Poland and Lithuania. It is an apparent move to maintain fuel supplies to the tiny militarized region in case conflict severs pipeline flows.

Russia’s invasion of Ukraine has spotlighted the pre-eminent role Russia plays in the world’s energy markets. It is one of the world’s largest producers of oil along with Saudi Arabia and the U.S., and the main supplier of natural gas, used for heating and electricity in the heart of industrial Europe. 

Russia’s moves to supply Kaliningrad show both Moscow’s vulnerabilities but also its ability to prepare for conflict and use energy as a tool in its geopolitical arsenal. 

The Energy Integrity and Velikiy Novgorod tankers are circling in the Baltic Sea and are expected to deliver gas to Kaliningrad in the coming weeks, according to analysts, vessel-tracking firms and a London-based shipbroker. Russia’s state gas giant Gazprom PJSC is in control of both boats, having taken them out on charter, said the shipbroker and Felix Booth, head of LNG at energy intelligence firm Vortexa.

Gazprom stationed a third vessel, the Marshal Vasilevskiy, off the coast of Kaliningrad in late January. Launched with fanfare by PresidentVladimir Putin in 2019, the vessel is currently storing LNG, Mr. Booth said. It also can act as an import terminal, converting LNG from tankers such as the Integrity and Novgorod into gaseous form. 

Between the three vessels, Russia has enough LNG to meet Kaliningrad’s gas needs for four to five weeks, Mr. Booth calculates. 


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