Page 18 - AfrOil Week 35 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global loadings from SPM-2 since August 17 due to
(NRG), in which the reader is invited to join our inspection and SPM-1 has been offline since ear-
team of international editors, as they provide a lier this month due to the same reason,” one of
snapshot of some of the key issues affecting their the sources told Reuters. Loadings were report-
regional beats. We hope you will like NRG’s new edly continuing from CPC’s SPM-3.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Mitsubishi will seek to keep stake
as before. in Sakhalin-2 project
Japan’s Mitsubishi will apply to Moscow to keep
AsianOil: China resells LNG to Europe its stake in the Sakhalin-2 oil and gas project but
China is selling its surplus LNG cargoes to still needs Kremlin approval. Russian President
Europe, providing the latter with some relief as Vladimir Putin signed a decree on June 30 that
European gas prices soar as a result of the sum- will transfer all rights and obligations of the
mer heatwaves and cutbacks in Russian gas sup- Sakhalin-2 oil and gas project to a new Russian
ply. European LNG imports soared 60% year on state-controlled entity, effectively gaining the
year in the first six months of this year, according power to nationalise one of the largest energy
to Kpler, amounting to 53mn tonnes. projects in the world.

DMEA: TotalEnergies says it will continue LatAmOil: APA announces find at Block
building Arzew petchem plant in Algeria 53 offshore Suriname
TotalEnergies (France) has said it will continue US-based APA Corp. has made its first discovery
working to build a petrochemical plant in Alge- of hydrocarbons at Block 53 offshore Suriname
ria’s Arzew region, denying a report published in the Baja-1 exploration well. In a statement, the
earlier by African Intelligence. That source had company said it had drilled in Baja-1 to a depth
claimed the French oil group had decided to of 5,290 metres and encountered 34 metres of net
withdraw from the project. pay in the well, all within a single interval in the
Campanian horizon.
EurOil: Germany looks to Canada for
energy supplies MEOG: Giants Brigades retake Shabwa
Germany has identified resource-rich Canada as fields
a potential partner as it phases out its depend- UAE-backed forces in Yemen retook control
ence on Russian gas and seeks alternative sources of oilfields in the south of the country follow-
of energy supply. On a visit to Canada this week, ing intense fighting with groups aligned with
German Chancellor Olaf Scholz said his coun- the Houthi militia, which is in turn backed by
try hoped Canadian LNG could help expedite its Iran. Local media reported that the al-Amaliqa
shift away from imports of Russian gas. (Giants) Brigades had seized control of energy
facilities in Shabwa Province from the Special
FSU OGM: CPC suspends oil loadings Security Forces, a paramilitary police group..
from two mooring points
The Caspian Pipeline Consortium (CPC) has NorthAmOil: Shell, Energy Transfer sign
suspended oil loadings from two of the three Lake Charles LNG offtake agreement
single mooring points (SPMs) at its Black Sea Shell and Energy Transfer have signed a 20-year
terminal in the Russian port of Novorossiisk, agreement for 2.1mn tonnes per year (tpy) of
where most Kazakh oil is loaded for world mar- LNG from the planned Lake Charles LNG pro-
kets, due to inspections, two sources familiar ject in Louisiana. The move is the latest in a series
with the loadings told Reuters. “CPC suspended of binding offtake deals for Energy Transfer. ™

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P18 www. NEWSBASE .com Week 35 01•September•2022