Page 7 - LatAmOil Week 45 2022

LatAmOil TRINIDAD & TOBAGO LatAmOil

Atlantic LNG’s Train 1 has a production capacity of 3mn tpy (Photo: Atlantic LNG)
However, four sources close to the matter told The administration of US President Joe
Reuters last week that US officials had begun Biden has expressed some interest in Trinidad
meeting with their counterparts from Trinidad and Tobago’s proposal in light of the current
and Tobago to discuss the latter’s proposal for energy crisis in Europe, which is a major market
development of Dragon, a gas field located off- for output from Atlantic LNG, Reuters said. It
shore Venezuela. also quoted one of its sources as saying, though,
As of press time, the news agency’s report that the Biden team had voiced some reserva-
could not be confirmed. tions about the Dragon plan because of the time
PdVSA, the national oil company (NOC) of needed to bring the gas field on stream.
Venezuela, has found about 4.2 trillion cubic feet “They don’t see Trinidad’s solution as being
(118.9bn cubic metres) of gas at Dragon and was sufficiently immediate for Europe,” the source
hoping to team up with Trinidad and Tobago to explained.
develop the field about 10 years ago. Venezuela’s Launching production at Dragon would
government shares that hope and gave Port of take several years, even though some work has
Spain a green light to start development in 2020. already been done at the field, Reuters added.
The project fizzled, though, due to sanctions, PdVSA and Port of Spain would have to carry
a lack of capital and failure to secure outside out extensive subsea inspections and engineer-
investors. ing work in order to check wellhead integrity,
Officials in Port of Spain have indicated that it explained, and they would not be able to use
they hope gas from the Dragon field could be the 17-km line built to pump gas from the field
used to restart production at Atlantic LNG’s since the pipes laid for that purpose are now
Train 1. This 3mn tonne per year (tpy) facility being utilised by Shell for production from the
has been idle since 2020. Colibri field. ™

VENEZUEL A
PdVSA set to deliver two cargoes of

diluted crude oil to Eni in November

VENEZUELA’S national oil company (NOC) was in Venezuelan waters and waiting to load as
PdVSA is set to deliver two cargoes of diluted of November 7. The company will then load the
crude oil (DCO) to a subsidiary of Eni (Italy) other cargo on a second Suezmax tanker known
this month, Reuters reported on November 7. as the Gladiator, which will discharge its current
Citing a document from PdVSA, the news load at a US port and sail to Venezuela, later in
agency noted that each of the cargoes will the month, Refinitiv Eikon shipping data show.
consist of around 1mn barrels of DCO. It said Both cargoes will sail from Venezuela to the
the Eni unit would load one of the cargoes on Spanish port of Bilbao, according to the PdVSA
a Suezmax tanker known as the Africa, which document viewed by Reuters.

Week 44 09•November•2022 www. NEWSBASE .com P7