Page 17 - AfrOil Week 01 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global currencies, in a possible sign that Moscow is
(NRG), in which the reader is invited to join our looking to scale back its energy war against
team of international editors, as they provide a Europe. Russian President Vladimir Putin had
snapshot of some of the key issues affecting their issued a decree at the end of last March requiring
regional beats. We hope you will like NRG’s new Gazprom’s customers in “unfriendly” countries
concise format, but by clicking on the headline to pay for their gas supply in rubles.
link for each section the full text will be available
as before. GLNG: Sempra signs offtake deal with
Port Arthur LNG
AsianOil: Tokyo seeks continued war Sempra has announced an offtake agreement
coverage for LNG in Russian waters with Engie for LNG from Sempra’s proposed
Japan has asked the country’s insurers to take Port Arthur LNG facility. For 15 years, Engie
on extra risk to continue providing marine war will receive some 875,000 tonnes per year (tpy) of
insurance for LNG carriers in Russian waters. LNG from the Port Arthur LNG Phase I project,
Tokio Marine & Nichido Fire Insurance, Sompo on the Gulf of Mexico. The gas liquefaction plant
Japan Insurance and Mitsui Sumitomo Insur- is owned by Sempra Infrastructure, a subsidiary
ance on December 23 told shipowners that they of Sempra.
would stop covering damage suffered by ships in
Russian wars from the start of this year. LatAmOil: Guyana starts accepting bids
Guyana’s President Irfaan Ali formally marked
DMEA: Hungary clears a pathway for the opening of the country’s first deepwater off-
Qatari LNG deal shore bidding round on December 9. George-
Hungary has signed a political agreement clear- town is now accepting bids from local firms,
ing the way for talks between energy group national oil companies (NOCs) and interna-
MVM and QatarEnergy on buying Qatari nat- tional oil companies (IOCs) on 14 offshore
ural gas, Minister of Foreign Affairs and Trade blocks that may hold as much as 25bn barrels of
Peter Szijjarto said on December 14. Szijjarto oil equivalent (boe), Ali declared.
said Hungary could “realistically” start import-
ing Qatari gas within three years if Croatia MEOG: TotalEnergies, Eni to drill at
expanded its Krk LNG terminal. Lebanon’s Block 9 in 2023
France’s TotalEnergies and Italian partner Eni
EurOil: European gas prices return to are laying the groundwork for the drilling of a
pre-war levels well in Block 9 offshore Lebanon. The teams in
European gas prices have fallen to the lowest charge of Block 9 operations have been mobi-
level since before Russia’s invasion of Ukraine last lised and bids had been sought for a drilling rig,
February, as the continent enjoys a milder-than- with a unit to be chosen during Q1 2023.
usual winter and ample LNG supply. The front-
month TTF contract closed at €72.3 per MWh NorthAmOil: Marathon closes purchase
($817 per 1,000 cubic metres) on January 3, rep- of Ensign’s Eagle Ford assets for $3bn
resenting its lowest level since mid-February. Marathon Oil has closed the acquisition from
Ensign Natural Resources of Eagle Ford shale
FSU OGM: Kremlin lets gas buyers pay acreage for $3bn in cash. The deal had been
in euros as energy crisis starts to ease announced in early November. The assets
Russia has amended the law to allow natural nearly double Marathon’s Eagle Ford position
gas buyers in so-called “unfriendly” Western to 290,000 net acres (117,350 hectares) and are
countries to pay their debts for supply in foreign adjacent to the firm’s existing Eagle Ford wells. ™

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Week 01 05•January•2023 www. NEWSBASE .com P17