Page 10 - DMEA Week 47 2022

DMEA REFINING & FUELS DMEA

Hybrid signing ceremony for QatarEnergy/Sinopec LNG supply deal (Photo: QatarEnergy)

QatarEnergy earlier this year struck five deals purchasers in China and Europe are continuing.
with foreign partners for NFE, the larger of Qatar has jostled with Australia in recent years
the two expansion phases, which will involve for the status as the world’s biggest LNG sup-
the construction of six new LNG trains. It later plier, but the North Field expansions could seal
brought on board partners for NFS. However, its position as number one for decades to come.
the agreement on November 21 is the first sup- “I think the recent volatility has driven buy-
ply agreement to cover offtake from NFE. ers to understand the importance of having
“We are very happy about this deal with Sin- long-term supply,” al-Kaabi said.
opec because we have had a long-term relation- Negotiations for an equity stake in the expan-
ship in the past and this takes our relationship to sion projects also continue with several part-
new heights as we have an SPA that will last into ners, he added. QatarEnergy has maintained a
the 2050s,” al-Kaabi said. 75% interest in the expansion, but could cede a
According to al-Kaabi, talks with other further 5% to some buyers, he said. ™

South Africa hopes to revive Saudi-SA

oil refinery project in KwaZulu-Natal

AFRICA SOUTH Africa’s Mineral Resources and Energy
Minister Gwede Mantashe says he hopes to per-
suade the state-owned Saudi oil giant Saudi
Aramco to revive plans for building a refinery
in South Africa, News24 said on November 17.
The Saudi-SA refinery project was ear-
marked for Richards Bay in KwaZulu-Natal
(KZN) province in July 2018, when President
Cyril Ramaphosa undertook his first state visit
to the Middle Eastern country.
The project never came to fruition. Neverthe-
less, during a visit to Saudi Arabia last month,
Mantashe said that South Africa had again put Mantashe visited Saudi Arabia last month (Photo: Twitter/@GwedeMatashe1)
the refinery project back on the agenda, News24
writes. state-owned Central Energy Fund (CEF) would
This follows the destruction of key parts of buy Sapref after the plant’s joint owners, Shell
the Sapref refinery in Durban following floods and BP, both based in the UK, ceased operations
in KZN in April. Mantashe had hoped that the in March.

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