Page 18 - MEOG Week 39 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global year as planned, despite calls for it to boost flow
(NRG), in which the reader is invited to join amid the unprecedented supply crunch on the
our team of international editors, who provide a European gas market.
snapshot of some of the key issues affecting their Output at Groningen is due to be slashed by
regional beats. more than 50% in the gas year beginning Octo-
We hope you enjoy NRG’s new concise for- ber 1, 2021, to just 3.9bn cubic metres, before
mat, but by clicking on the headline link for each ceasing regular production altogether.
section the full text will be available as before.
FSUOGM: Novatek exec faces charges
AfrOil: Eni launches Cabaça North The deputy chairman of Russia’s second-largest
Italy’s Eni has launched the Cabaça North devel- gas producer Novatek, Florida businessman
opment project at Block 15/06 offshore Angola. Mark Gyetvay, has been arrested in the US on
In a statement, the Italian major said it had tax charges relating to $93mn that was hidden
begun extracting crude oil from Cabaça North, in offshore accounts.
a field in the eastern section of its licence area. Gyetvay played a key role in arranging financ-
ing for Novatek’s ambitious $27bn Yamal LNG
AsianOil: Beach to sell LNG to BP export project in the Russian Arctic, which came
Australian independent Beach Energy has online in December 2017.
agreed to sell its share of liquefied natural gas
production from the Waitsia project onshore GLNG: Cheniere gets OK for Sabine Pass 6
Western Australia to super-major BP. US LNG giant Cheniere Energy has been given
Beach said on September 27 that it had the go-ahead by regulators to introduce feed gas
signed a heads of agreement to sell its 3.75mn to Train 6 at its Sabine Pass export terminal in
tonnes of expected production from Waitsia’s Louisiana.
second phase of the development from the sec- The US Federal Energy Regulatory Commis-
ond half of 2023. sion approved Cheniere’s September 15 request
to introduce feed gas last week.
DMEA: Jazan deal and refining fears
In this week’s DMEA, we look at the finalisation LatAmOil: Ecuador to fund transmission
of a deal to finance a major Saudi power project The government of Ecuador will make funds
and warnings about the future of South African available to private companies for the construc-
refining. tion of $1.9bn worth of new energy facilities,
Saudi Aramco, Air Products, ACWA Power including a new transmission system for the oil
and Air Products Qudra announced this week sector.
that they had signed ‘definitive’ agreements to The funds will enable companies to build and
acquire the assets and finance their planned joint operate new power plants, Energy Minister Juan
venture in Jazan Economic City. Carlos Bermeo said last week.
Meanwhile, the South African Petroleum
Industry Association this week warned that the NorthAmOil: PennEast stops pipe work
country’s remaining refineries could become PennEast Pipeline said this week that it would
obsolete within two years without financial stop developing its proposed pipeline from
support. Pennsylvania to New Jersey.
The company said PennEast was being
EurOil: Groningen to close as planned scrapped because it had not yet received all of
The Netherlands will end gas production at the its required permits, including a water quality
giant quake-causing Groningen gas field next certification in New Jersey.™

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P18 www. NEWSBASE .com Week 39 29•September•2021