Page 15 - AsianOil Week 16 2022

AsianOil NEWS IN BRIEF AsianOil

2022, orders from the Chinese shipyard OCEANIA to AGL over a period of approximately 4 and
Hudong-Zhonghua Shipbuilding (Group) for a half years. The GSA represents between 9%
the tank design of four new LNGCs on behalf Gas sales and processing and 16% of the field’s announced proved and
of two ship owners. probable reserves.
GTT will design the tanks of these four agreements Production from the Vali gas field,
vessels, which will each offer a capacity of discovered in 2020, is expected to commence
174,000 cubic metres. The tanks will be Vintage Energy, 50% interest holder and following completion of the field’s three wells
fitted with the GTT NO96 L03+ membrane Operator of ATP 2021 (other interest holders: and connection to the nearby Moomba gas
containment system, a technology developed Metgasco, 25%; and Bridgeport (Cooper gathering network.
by GTT. Basin), 25%,) announces that the gas sales Vintage managing director, Neil Gibbins,
Deliveries of the vessels are scheduled for agreement (GSA) between the ATP 2021 Joint said the execution of the processing
the second and third quarters of 2024, and the Venture parties (“JV”) and AGL Wholesale agreement had taken Vintage to a significant
first quarter of 2025. Gas is now unconditional following execution point in its history.
GTT, April 21, 2022 of a Vali Field Gas processing services term “We have now met the conditions for the
sheet by the JV with the South Australian company’s first gas sales agreement. Through
Mongolia lifts excise tax on Cooper Basin (SACB) JV. Securing of an this agreement, and the field work that has
agreement for the processing of Vali gas was
commenced, we expect to be generating our
diesel fuel a condition precedent to the AGL gas supply first revenue and operating cash flow in the
near future.
contract announced March 23, 2022.
The government of Mongolia announced on This event has also allowed the JV to “We are fully funded for the work to be
April 20 that it has lifted excise tax on diesel call on AGL to make the first two of three done and are concentrating our efforts on
fuel for two months. AUD5mn pre-payments to the JV under completing the construction and connection
In a statement, the government justified the GSA, which are to be applied to funding work programme safely and efficiently,” said
the decision by noting: “The reduction of tax capital works to bring Vali to first gas. Mr Gibbins.
on diesel fuel is put forward at a time when The processing agreement includes the VINTAGE ENERGY, April 19, 2022
mining, agriculture and construction work terms agreed for the transportation of gas
are all ramping up and in order to keep supply from Vali into the Moomba gas facility and its
chains running smoothly in the country.” processing for supply to AGL for the duration
Zeroed excise tax on diesel fuel will be in of the GSA.
effect until July 1. As announced previously, the JV has
contracted to supply between 9 PJ and 16 PJ

Week 16 22•April•2022 www. NEWSBASE .com P15