Page 15 - MEOG Week 01 2023

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global €72.3 per MWh ($817 per 1,000 cubic metres)
(NRG), in which the reader is invited to join on January 3, representing its lowest level since
our team of international editors, who provide a mid-February. By 15:15 GMT on January 4, the
snapshot of some of the key issues affecting their contract had dropped further to under €66 per
regional beats. MWh. The UK NBP contract has seen a similar
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FSUOGM: Euro payments return for Russia
AfrOil: Afentra expects Angola deal delay Russia has amended the law to allow natural gas
AIM-listed Afentra said in a statement on buyers in so-called “unfriendly” Western coun-
December 14 that it did not expect to achieve tries to pay their debts for supply in foreign cur-
its goal of finalising the acquisition of minority rencies, in a possible sign that Moscow is looking
stakes in two blocks offshore Angola before the to scale back its energy war against Europe.
end of 2022. Russian President Vladimir Putin issued a
Afentra had signed a sales and purchase decree at the end of March requiring Gazprom’s
agreement (SPA) with Angola’s national oil com- customers in “unfriendly” countries to pay for
pany (NOC) Sonangol for a 20% stake in Block their gas supply in rubles.
3/05 and a 40% stake in Block 23 in late April.
GLNG: Peru LNG reports exports drop
AsianOil: Tokyo asks for war cover extension Peru LNG, the operator of a natural gas lique-
Japan’s government has asked the country’s faction plant and export terminal in Pampa
insurers to take on extra risk to continue pro- Melchorita, saw export volumes decline month
viding marine war insurance for LNG carriers on month in November.
in Russian waters, a senior official at the industry According to Peru’s national oil company
ministry told Reuters. (NOC) Perupetro, the Peru LNG consortium
Tokio Marine & Nichido Fire Insurance, loaded four vessels in November, down from
Sompo Japan Insurance and Mitsui Sumitomo four in October.
Insurance on December 23 told shipowners that
they would stop covering damage suffered by LatAmOil: Guyana starts accepting bids
ships in Russian wars from the start of this year. Guyana’s President Irfaan Ali formally marked
the opening of the country’s first deepwater off-
DMEA: Hungary clears path for Qatari deal shore bidding round on December 9.
Nigeria has pushed crude oil production up Georgetown is now accepting bids from local
to 1.6mn barrels per day (bpd) thanks to the firms, national oil companies (NOCs) and inter-
re-opening of the Forcados terminal and the national oil companies (IOCs) on 14 offshore
partial resumption of shipments through the blocks that may hold as much as 25bn barrels of
Trans-Niger Pipeline (TNP), according to a sub- oil equivalent (boe), Ali declared. The govern-
sidiary of Nigerian National Petroleum Co. Ltd . ment will continue to accept offers until April 14,
Bala Wunti, the head of National Upstream 2023, and aims to announce the winners of the
Investment Management Services (NUIMS), bidding contests in May 2023, he stated.
told Arise TV in an interview on December 7
that output levels had risen by 350,000 bpd due NorthAmOil: Los Angeles bans new oil wells
to these developments. Marathon Oil has closed the acquisition from
Ensign Natural Resources of Eagle Ford shale
EurOil: Gas prices return to pre-war level acreage for $3bn in cash. The deal had been
European gas prices have slumped to their low- announced in early November.
est level since before Russia launched its inva- The assets – in the core of the play – nearly
sion of Ukraine in late February, as the continent double Marathon’s Eagle Ford position to
enjoys a milder-than-usual winter and ample 290,000 net acres (117,350 hectares) and are
LNG supply. adjacent to Marathon’s existing Eagle Ford
The front-month TTF contract closed at wells.™

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