Page 18 - FSUOGM Week 35 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Canadian Prime Minister Justin Trudeau
(NRG), in which the reader is invited to join unveiled a hydrogen alliance, aimed at
our team of international editors, who provide a accelerating efforts to export the fuel to
snapshot of some of the key issues affecting their Germany over the longer term.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Japan’s Mitsubishi Applies To Keep
link for each section the full text will be available Its Stake In Russia’s Sakhalin-2 LNG Plant
as before. Japan’s Mitsubishi has decided to apply to
the Russian government to keep its stake in
AfrOil: South Africa Expects TotalEnergies the Sakhalin-2 oil and gas project but still
To Submit Luiperd Development Plan needs Kremlin approval.
Phindile Masangane, the CEO of Petro- Russian President Vladimir Putin
leum Agency South Africa (PASA), has said signed a decree on June 30 that will transfer
she does not expect TotalEnergies to let its all rights and obligations of the Sakhalin-2
licence for Block 11B/12B, an offshore site oil and gas project to a new Russian entity,
that includes the Luiperd natural gas and in effect giving the Kremlin the power to
condensate fields, lapse as a deadline for sub- nationalise foreigners’ stakes in what is one
mitting production plans approaches. of the largest energy projects in the world,
and escalating the ongoing gas wars.
AsianOil: China Resells LNG To Europe
China is selling its surplus LNG cargoes to LatAmOil: APA Announces Find At Block 53
Europe, providing the latter with some relief Offshore Suriname
as European gas prices soar as a result of the UAE-backed forces in Yemen retook con-
summer heatwaves and cutbacks in Russian trol of oilfields in the south of the coun-
gas supply. try following intense fighting with groups
European LNG imports soared 60% year aligned with the Houthi militia, which is in
on year in the first six months of this year, turn supported by Iran.
according to Kpler, amounting to 53mn Local media reported that the al-Amal-
tonnes. iqa (Giants) Brigades, alongside the South-
ern Transitional Council’s Shabwa Defence
DMEA: TotalEnergies Says It Will Continue Forces (SDF), had seized control of energy
Building Arzew Petchem Plant In Algeria facilities in Shabwa Province from the Spe-
TotalEnergies (France) has said it will con- cial Security Forces, a paramilitary police
tinue working to build a petrochemical group.
plant in Algeria’s Arzew region, denying a
report published earlier by African Intelli- MEOG: Giants Brigades Retake Shabwa
gence. That source had claimed the French Fields
oil group had decided to withdraw from the Abu Dhabi National Oil Co.’s (ADNOC)
project. Logistics & Services arm was this week
The African Intelligence report pointed awarded a $1.17bn deal to provide barges
to mounting concerns for the French group to support the parent firm’s upstream
about the profitability of the complex, rising expansion. The award will see ADNOC
costs in the municipality of Arzew and the rel- L&S lease 13 self-propelled jack-up
atively greater attractiveness of Gulf Co-op- barges to ADNOC for a period of five
eration Council (GCC) markets, as well as years, enabling rig-less operations and
bureaucratic obstacles in Algeria. maintenance, alongside “manpower and
equipment”.
EurOil: Germany Looks To Canada For En-
ergy Supplies NorthAmOil: Shell, Energy Transfer Sign
Germany has identified resource-rich Lake Charles LNG Offtake Agreement
Canada as a potential partner as it phases Shell and Energy Transfer have signed
out its dependence on Russian gas and a 20-year sales and purchase agreement
seeks alternative sources of energy supply. (SPA) for 2.1mn tonnes per year (tpy) of See the archive and
On a visit to Canada this week, German LNG produced at the planned Lake Charles sign up to receive
Chancellor Olaf Scholz said his country LNG project in Louisiana. *NRG Editor’s Picks*
hoped Canadian LNG could help expedite The move represents the latest in a series for free by email each
its shift away from imports of Russian gas. of binding offtake agreements signed by week here
And on the final day of his visit, Scholz and Energy Transfer over the past few months.

P18 www. NEWSBASE .com Week 35 02•September•2022