Page 15 - DMEA Week 23 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Prospects for a growth in Azeri gas supply to
(NRG), in which the reader is invited to join Europe hinge on an expansion of the Southern
our team of international editors, who provide a Gas Corridor, the network of pipelines that carry
snapshot of some of the key issues affecting their gas produced in the Azeri Caspian Sea as far as
regional beats. Italy.
By clicking on the headline link for each sec-
tion the full text will be available. GLNG: Egypt, EU poised to agree on LNG
Egypt is poised to sign a memorandum of
AfrOil: Impact may exit Namibian project understanding (MoU) with the EU on deliveries
South Africa’s Impact Oil & Gas is reportedly of gas extracted from Israeli fields in the east-
mulling the possibility of selling its 20% stake in ern Mediterranean and processed into LNG at
Block 2913B offshore Namibia, which contains Egyptian terminals.
the massive Venus-1x discovery. The signing will take place in late June, when
Four industry sources told Reuters earlier European Commission President Ursula von
this week that the privately owned company had der Leyen visits Cairo.
hired Jefferies Group, a US investment bank-
ing company, to serve as its adviser for the sale LatAmOil: Allowing Venezuelan oil exports
process. The US government appears to be moving for-
ward with steps to loosen sanctions on Venezue-
AsianOil: Sasanof well comes up dry la’s oil sector. The restrictions that Washington
Privately owned Western Gas has reported that has imposed on Caracas penalise trade in Vene-
its Sasanof-1 exploration well offshore Western zuelan oil or fuel.
Australia found no commercial reserves of oil
and gas. MEOG: FEED deal and FPSO arrival
The well had been described as one of the US engineer McDermott International was
most closely watched exploration campaigns of awarded an engineering contract for the third
the year so far in Australia, and the result is seen phase development of Qatar’s offshore Al-Sha-
as a major disappointment. heen oilfield by North Oil Co. (NOC), a 70:30 JV
between state-owned QatarEnergy and France’s
EurOil: UK U-turns on windfall tax TotalEnergies.
The UK government imposed a 25% tax on prof- Meanwhile, London and Tel Aviv-listed
its by oil and gas companies in late May, marking Energean’s production unit has arrived in Israeli
a policy U-turn and a departure from the North waters in preparation for the start of develop-
Sea industry-friendly image that it has sought to ment at the Karish gas field.
cultivate. The one-off surcharge is on top of the
40% headline tax rate that the industry already NorthAmOil: Energy Transfer’s offtake deal
pays on its profit, as well as its 30% ringfenced US-based Energy Transfer has signed an LNG
corporation tax and 10% supplementary charge. sales and purchase agreement with China Gas
Hongda Energy Trading, a subsidiary of China
FSUOGM: Baku eyes Euro market share Gas Holdings.
Azerbaijan is prepared to ship gas to new cus- The deal is the fifth to be signed by Energy
tomers to help the continent wean itself off Transfer since March for supply of LNG from its
Russian supplies, President Ilham Aliyev said proposed Lake Charles LNG terminal in Louisi-
on June 1, noting that negotiations were already ana. It brings a final investment decision on the
underway with potential customers. terminal a step closer.™

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