Page 18 - EurOil Week 23 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global were already underway with potential
(NRG), in which the reader is invited to join customers.
our team of international editors, who provide a Prospects for a growth in Azeri gas sup-
snapshot of some of the key issues affecting their ply to Europe hinge on an expansion of the
regional beats. We hope you will like NRG's new Southern Gas Corridor (SGC), the network of
concise format, but by clicking on the headline pipelines that carry gas produced in the Azeri
link for each section the full text will be available Caspian Sea as far as Italy.
as before.
GLNG: Egypt, EU Poised To Agree On LNG
AfrOil: Impact Oil & Gas May Exit Namibia’s Exports
Venus Project Egypt is poised to sign a memorandum of
South Africa’s Impact Oil & Gas is report- understanding (MoU) with the EU on deliv-
edly mulling the possibility of selling its eries of gas extracted from Israeli fields in the
20% stake in Block 2913B offshore Namibia, eastern Mediterranean and processed into
which contains the massive Venus-1x LNG at Egyptian terminals. The signing will
discovery. take place in late June, when European Com-
Four industry sources told Reuters earlier mission President Ursula von der Leyen visits
this week that the privately owned company Cairo.
had hired Jefferies Group, a US investment
banking company, to serve as its adviser for LatAmOil: US Reportedly Allowing Eni,
the sale process. Impact has asked Jefferies to Repsol To Export Venezuelan Oil
draw up plans for the sale, which may yield The US government appears to be moving
$500mn to $1bn, they said. forward with steps to loosen sanctions on
Venezuela’s oil sector.
AsianOil: Sasanof-1 Well Off Australia The restrictions that Washington has
Comes Up Dry imposed on Caracas penalise trade in Vene-
Privately owned Western Gas has reported zuelan oil or fuel. Most European companies
that its Sasanof-1 exploration well offshore have exited Venezuela since 2019, when US
Western Australia found no commercial authorities began tightening the sanctions
reserves of oil and gas. regime to target the petroleum sector.
The well had been described as one of
the most closely watched exploration cam- MEOG: FEED Deal And FPSO Arrival
paigns of the year so far in Australia, and This week’s MEOG includes coverage of a
the result is seen as a major disappointment. major FEED contract award in Qatar and the
arrival of an FPSO in Israel.
DMEA: Pipeline Preparations And Fuel Pric- US engineer McDermott International
es was awarded an engineering contract by
This week’s DMEA includes an update on Qatar’s North Oil Co. (NOC) for the third
laying the groundwork on a pipeline running phase development of Qatar’s offshore
from the Gulf to the Red Sea, while the Libe- Al-Shaheen oilfield. NOC is a 70:30 JV
rian government said it would not increase between state-owned QatarEnergy and
fuel prices. France’s TotalEnergies.
Jordan’s Minister of Foreign Affairs
Ayman Safadi said this week that prepara- NorthAmOil: Energy Transfer Finalises An-
tions for the development of an oil export other Offtake Agreement
pipeline connecting Iraq’s Basra Gover- US-based Energy Transfer has signed an LNG
norate to the Red Sea port of Aqaba have sales and purchase agreement (SPA) with
reached 80%. China Gas Hongda Energy Trading, a subsidi- See the archive and
ary of China Gas Holdings. sign up to receive
FSUOGM: Azerbaijan Eyes Extra Gas Mar- The deal is the fifth to be signed by *NRG Editor’s Picks*
ket Share In Europe Energy Transfer since March for supply for free by email each
Azerbaijan is prepared to ship gas to new of LNG from its proposed Lake Charles week here
customers to help the continent wean itself LNG terminal in Louisiana. It brings a final
off Russian supplies, President Ilham Ali- investment decision (FID) on the terminal
yev said on June 1, noting that negotiations a step closer.

P18 www. NEWSBASE .com Week 23 10•June•2022