Page 19 - FSUOGM Week 10 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 08:30 GMT, equivalent to $3,990 per cubic
(NRG), in which the reader is invited to join metres. Its average for the day was €227.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Venture Global Expands Supply
regional beats. We hope you will like NRG's new Partnership With Shell
concise format, but by clicking on the headline Venture Global LNG announced on March 7
link for each section the full text will be available that it had struck a new long-term sales and
as before. purchase agreement (SPA) with Shell for
offtaking from its proposed Plaquemines liq-
AfrOil: Libyan Oil Production Sinks By uefaction terminal on Louisiana’s Gulf Coast.
330,000 Bpd The 20-year deal covers 2mn tonnes per
Libya’s oil production has reportedly sunk year and brings Shell’s total long-term offtake
by about 330,000 barrels per day (bpd) fol- commitments from Venture Global’s terminals
lowing the shutdown of two major sites: to 4mn tpy. Shell’s existing contract with Ven-
Sharara, the country’s biggest oilfield, and El ture Global covers 2mn tpy from its newly built
Feel. Sharara usually yields around 270,000- Calcasieu Pass LNG terminal, also in Louisi-
300,000 bpd of oil, while El Feel produces ana, which shipped its first cargo at the start
up to 70,000 bpd but may have been oper- of March.
ating below full capacity when production
stopped on March 3. LatAmOil: Tradener Makes Brazil’s First Pri-
vate Deal For Bolivian Gas
AsianOil: Outage Reported At Malaysia Tradener has become the first privately
LNG Satu owned Brazilian firm to buy natural gas
An unplanned outage was reported at the directly from Bolivia, without the national
Malaysia LNG (MLNG) Satu – part of the oil company (NOC) Petrobras acting as an
country’s nine-train Bintulu LNG complex intermediary.
– last week. In a statement, Tradener said it had
The outage is reported to have resulted signed a contract with YPFB, Bolivia’s NOC,
from a leak that led to the second train for the purchase of 2.2mn cubic metres per
being taken offline. Argus Media cited some day of gas over a period of two years.
term offtakers from the facility as saying the
train went offline on March 2 and would be MEOG:Iran Talks Up Oil Investment
returned to service on March 14. TIn this week’s MEOG we look at Iran’s cont-
nued optimism about its spending plans to
DMEA: Different Approaches To Refining build out the country’s oil sector and a field
This week’s DMEA covers Iranian efforts to development contract award in the UAE.
increase the country's refining capabilities, The Iranian government this week said it
while Israel looks to close its Haifa facilities would invest $4bn in oil and gas projects
for good. in the southern Khuzestan Province as the
Iran’s Ministry of Petroleum (MoP) sums promised for investment continue to
announced this week that it has received spiral.
budgetary approval to add 300,000 barrels
per day (bpd) of refining capacity, with pri- NorthAmOil: US Bans Imports Of Russian
vate sector and foreign investment likely to Oil And Gas
be sought. US President Joe Biden announced on March
8 that his country was banning imports of Rus-
Euroil: Gas Prices Skyrocket Amid Ongoing sian oil and gas, as well as coal. This comes as See the archive and
Ukrainian Conflict the US tightens its sanctions against Russia in sign up to receive
The front-month gas price at the Dutch TTF response to Moscow’s invasion of Ukraine. *NRG Editor’s Picks*
hub spiked at close to $4,000 per 1,000 cubic In a statement, the White House described for free by email each
metres on March 7, amid the escalating con- the move as a “a significant action with wide- week here
flict in Ukraine that has built on top of an spread bipartisan support that will further
existing energy crunch crisis in Europe. deprive President Putin of the economic
The April contract at the hub briefly set- resources he uses to continue his needless war
tled at €345 per 1,000 cubic metres at around of choice”.

Week 10 10•March•2022 www. NEWSBASE .com P19