Page 15 - MEOG Week 23 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Sea industry-friendly image that it has sought to
(NRG), in which the reader is invited to join cultivate. The one-off surcharge is on top of the
our team of international editors, who provide a 40% headline tax rate that the industry already
snapshot of some of the key issues affecting their pays on its profit, as well as its 30% ringfenced
regional beats. corporation tax and 10% supplementary charge.
By clicking on the headline link for each sec-
tion the full text will be available. FSUOGM: Baku eyes Euro market share
Azerbaijan is prepared to ship gas to new cus-
AfrOil: Impact may exit Namibian project tomers to help the continent wean itself off
South Africa’s Impact Oil & Gas is reportedly Russian supplies, President Ilham Aliyev said
mulling the possibility of selling its 20% stake in on June 1, noting that negotiations were already
Block 2913B offshore Namibia, which contains underway with potential customers.
the massive Venus-1x discovery. Prospects for a growth in Azeri gas supply to
Four industry sources told Reuters earlier Europe hinge on an expansion of the Southern
this week that the privately owned company had Gas Corridor, the network of pipelines that carry
hired Jefferies Group, a US investment bank- gas produced in the Azeri Caspian Sea as far as
ing company, to serve as its adviser for the sale Italy.
process.
GLNG: Egypt, EU poised to agree on LNG
AsianOil: Sasanof well comes up dry Egypt is poised to sign a memorandum of
Privately owned Western Gas has reported that understanding (MoU) with the EU on deliveries
its Sasanof-1 exploration well offshore Western of gas extracted from Israeli fields in the east-
Australia found no commercial reserves of oil ern Mediterranean and processed into LNG at
and gas. Egyptian terminals.
The well had been described as one of the The signing will take place in late June, when
most closely watched exploration campaigns of European Commission President Ursula von
the year so far in Australia, and the result is seen der Leyen visits Cairo.
as a major disappointment.
LatAmOil: Allowing Venezuelan oil exports
DMEA: Pipeline prep and fuel prices The US government appears to be moving for-
Jordan’s Minister of Foreign Affairs Ayman ward with steps to loosen sanctions on Venezue-
Safadi said this week that preparations for the la’s oil sector. The restrictions that Washington
development of an oil export pipeline connect- has imposed on Caracas penalise trade in Vene-
ing Iraq’s Basra Governorate to the Red Sea port zuelan oil or fuel.
of Aqaba have reached 80%.
Meanwhile, Liberia’s Ministry of Commerce NorthAmOil: Energy Transfer’s offtake deal
and Industry said in a statement on June 3 that US-based Energy Transfer has signed an LNG
it did not intend to make any drastic changes in sales and purchase agreement with China Gas
the domestic fuel pricing regime before the end Hongda Energy Trading, a subsidiary of China
of this month. Gas Holdings.
The deal is the fifth to be signed by Energy
EurOil: UK U-turns on windfall tax Transfer since March for supply of LNG from its
The UK government imposed a 25% tax on prof- proposed Lake Charles LNG terminal in Louisi-
its by oil and gas companies in late May, marking ana. It brings a final investment decision on the
a policy U-turn and a departure from the North terminal a step closer.™

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