Page 7 - LatAmOil Week 22 2021

LatAmOil EL SALVADOR LatAmOil

Plan for Acajutla LNG terminal and associated facilities (Image: EDP)

The pipeline will handle regasified LNG from The Dutch company began work on the
the BW Tatiana, a 135,000-cubic metre tanker pipeline under a contract with the Invenergy/
formerly owned by Royal Dutch Shell (UK/ BW LNG joint venture, known as Energia del
Netherlands) that is being repurposed into an Pacifico (EDP), in early 2020. The link will
FSRU at the Keppel shipyards in Singapore. deliver gas to EDP’s 378-MW TPP in Acajutla,
Keppel is carrying out this task on behalf of a which is due to begin operating next year. This
joint venture formed by Invenergy (US) and BW plant will eventually turn out enough electric-
LNG, a unit of BW Group (Singapore). ity to cover 30% of El Salvador’s demand. It will
When finished, the FSRU will be able to also be linked to the Central American Electri-
regasify LNG at the rate of up to 280mn cubic cal Interconnection System (known as SIEPAC),
feet (7.93mn cubic metres) per day. It will also which connects the power grids of El Salvador,
be the first vessel of its kind to be deployed in Guatemala, Nicaragua, Honduras, Costa Rica
Central America. and Panama, via a 230-kV transmission line. ™

VENEZUEL A
Chevron, three service companies secure

new waiver from Venezuelan sanctions

THE US Treasury Department has given Chev- in Venezuela; participation in shareholder and
ron and three oilfield service providers (OSPs) board of directors meetings; [and] making pay-
permission to continue maintaining a limited ments on third-party invoices for transactions.”
presence in Venezuela, despite the continua- They also include “payment of local taxes and
tion of sanctions on that country’s hydrocarbon purchase of utility services in Venezuela and
sector. payment of salaries for employees and contrac-
The department’s Office of Foreign Assets tors in Venezuela,” the statement said.
Control (OFAC) announced this move on June It further noted that neither Chevron nor the
1, saying that it had issued six-month waivers OSPs would be permitted to engage in explora-
from the trade restrictions to Chevron, Baker tion and production activities in Venezuela.
Hughes, Halliburton and Schlumberger. These Similarly, it said, the companies will not be able
documents authorise the four companies to produce, process, transport, sell or trade Ven-
to conduct essential business operations in ezuelan petroleum products.
Venezuela. The issuance of the new waivers serves to
According to a statement from OFAC, extend the firms’ permission to maintain a min-
essential operations include “transactions and imal presence in Venezuela until December 1.
activities necessary to ensure the safety of per- The previous waivers, which were granted last
sonnel, or the integrity of operations and assets year, had been due to expire on June 3.

Week 22 03•June•2021 www. NEWSBASE .com P7