Page 16 - GLNG Week 36 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global President Vladimir Putin issued a decree in
(NRG), in which the reader is invited to join early August preventing foreign companies from
our team of international editors, who provide a divesting shares in what are considered strategic
snapshot of some of the key issues affecting their enterprises.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline link GLNG: ZIM, Shell sign 10-year LNG bun-
for each section the full text will be available as kering deal for new container ships
before. ZIM Integrated Shipping Services (Israel) has
secured fuel supplies for 10 new LNG-powered
AfrOil: FAR Ltd acquires remaining 50% of ships that are due to enter its fleet in 2023-2024
Gambian blocks from Petronas under a long-term bunkering contract with a
Australia’s FAR Ltd has bought 50% stakes in subsidiary of Shell (UK). The Israeli company
Block A2 and Block A5, located in The Gambia’s announced the signing of the contract with Shell
offshore zone, from its partner Petronas (Malay- NA LNG in a statement dated August 31.
sia), bringing its stake in both sites up to 100%.
The value of the deal has not been made public. LatAmOil: Barbados prepares to offer all
22 open offshore blocks
AsianOil: Santos takes FID on Darwin Barbados will offer all 22 available blocks in its
Pipeline Duplication Project offshore zone to international oil companies in a
Australia’s Santos has taken a final investment bidding round in the fourth quarter of this year,
decision to proceed with the Darwin Pipeline the Ministry of Energy and Business Develop-
Duplication Project. The scheme will extend ment has announced. The ministry went public
the Barossa gas export pipeline to the Darwin with news of the auctions just a few days before
LNG facility and allow for the repurposing of the the scheduled start of its 2022 Licensing Round
Bayu-Undan to Darwin pipeline that currently Roadshow, held at the AAPG Image 22 confer-
carries natural gas from offshore Timor-Leste to ence in Houston on August 30-September 1.
the Santos-operated LNG plant.
MEOG: Novatek leaves Lebanon
DMEA: ZIM, Shell sign 10-year LNG bun- Russia’s Novatek has withdrawn from a consor-
kering deal tium that controls two Lebanese licences, the
ZIM Integrated Shipping Services (Israel) has latest in a string of disappointments and delays
secured fuel supplies for 10 new LNG-powered for Beirut as it looks to explore for resources
ships that are due to enter its fleet in 2023-2024 offshore. Energy Minister Walid Fayad said
under a long-term bunkering contract with a that Novatek had cited “economic and finan-
subsidiaryof Shell (UK). The Israeli company cial [issues and] political risks” as its reasons for
announced the signing of the contract with Shell dropping its 20% stake in the consortium with
NA LNG in a statement dated August 31. TotalEnergies of France and Eni of Italy, both of
which own stakes of 40%
EurOil: How much Azeri gas can head to
Europe? NorthAmOil: Cheniere outlines further ex-
Europe has reached out to Azerbaijan as a source pansion plans for Corpus Christi LNG
of additional gas supply to eliminate more of its Cheniere Energy intends to add further capac-
imports from Russia. But how much extra gas the ity to its Corpus Christi LNG export terminal in
country would be able to provide, beyond the 10 Texas, beyond the 10mn tonne per year expan-
bcm per year it is already sending, will depend on sion that is currently under construction at the
results from upcoming exploration work at key plant. The company has requested that the US
fields, and whether Turkey waives its first right Federal Energy Regulatory Commission (FERC)
to supplies. begin its National Environmental Policy Act
(NEPA) prefiling review for two additional mid-
FSUOGM: Unknown Dubai firm reportedly scale trains at Corpus Christi.
bids for Shell’s stake in Russian oil project
A little-known Dubai-based logistics company See the archive and sign up to receive NRG Editor’s
called Wellnord is reportedly prepared to buy Picks for free by email each week here.™
Shell’s 50% stake in its Salym Petroleum Devel-
opment joint venture with Russia’s Gazprom
Neft. Shell vowed to withdraw from the Russian
oil industry in the wake of Moscow’s invasion
of Ukraine in late February, but has had diffi-
cult offloading assets, especially since Russian

P16 www. NEWSBASE .com Week 36 09•September•2022