Page 12 - DMEA Week 49 2022

DMEA TERMINALS & TRANSPORT DMEA

With sanctions continuing to hamper Iran’s heavy output and the South American coun-
efforts to increase oil exports, these facilities try shipping heavy oil and fuel to the Islamic
are likely to remain underused for some time Republic.
to come. However, Tehran continues working The Iran-flagged Dore tanker arrived this
to leverage ties with its remaining close allies to week at Venezuelan state oil firm PdVSA’s Jose
sell its crude. In recent months, Iran and Vene- terminal, carrying 2mn barrels of Iranian crude.
zuela have been expanding their co-operation Including this shipment, Iran has sent 26mn
through crude swaps – Iran sending light crude barrels of crude oil and gas condensate to Vene-
to Venezuela for blending with its domestic zuela this year. ™

Mozambique’s first LNG export

shipment arrives in Bilbao

AFRICA THE first cargo of LNG exported from Mozam- identified any specific buyers, though.
bique was delivered to the Spanish port of Bilbao The Coral South LNG consortium has a
on December 7. licence for a section of a block known as Area
According to ship-tracking data, the LNG 4, located offshore Mozambique in the Rovuma
arrived in Bilbao on the British Sponsor, a basin.
173,400-cubic metre tanker owned by Kmarin Its first development target within Area 4 is
and chartered by BP (UK). The ship had been the Coral field, which was discovered in 2012.
at sea since November 13, when it departed Eni and its partners made an FID in favour of
Mozambican waters after filling its tanks with going forward with the $10bn Coral South LNG
production from the Coral Sul floating LNG project in 2017, and the FID calls for using the
(FLNG) vessel. Coral Sul FLNG to liquefy 450bn cubic metres
BP is handling the LNG under a 20-year of gas from Coral. The FLNG vessel is currently
off-take agreement with the Coral South LNG anchored at the field in 2,000-metre-deep water,
consortium, which is led by Eni (Italy). This and it is the first floating gas liquefaction plant
agreement makes the British super-major ever to be deployed at a deepwater site off the
responsible for transporting 100% of the LNG coast of Africa.
turned out by the Coral Sul FLNG, which has a Coral South LNG is led by Eni. The Italian
single production train with a capacity of 3.4mn major acts as the upstream delegated operator
tonnes per year (tpy). of the Area 4 consortium, which in turn is com-
BP and Eni have indicated that a significant prised of Eni, ExxonMobil (US), China National
amount of the LNG produced by Coral South Petroleum Corp. (CNPC), Galp (Portugal),
LNG will be delivered to Europe, where demand KOGAS (Korea) and Mozambique’s national oil
for gas has been running high as a consequence company (NOC), Empresa Nacional de Hidro-
of the Russia-Ukraine war. They have not carbonetos (ENH).

The British Sponsor departed Mozambican waters on November 13 (Image: Kpler)

P12 www. NEWSBASE .com Week 49 08•December•2022