Page 13 - GLNG Week 10 2022

GLNG NEWS IN BRIEF GLNG

AFRICA BP and Eni believe combining their efforts AMERICAS
with a long-term perspective will create more
Eni and BP finalise efficient operations and offer the potential Cheniere and Engie
for increased investment, job creation and
agreement to create new growth in Angola. Azule Energy will continue increase volume and
to develop the full potential of the country’s
independent joint venture in upstream sector, while also positioning itself extend term of LNG sale and
to capture new opportunities from the energy
Angola transition with the growing role of gas and purchase agreement
renewables in its portfolio.
BP and Eni confirmed today that they have ENI, March 11, 2022 Cheniere Energy announced today that its
signed an agreement to form a new 50/50 subsidiary, Corpus Christi Liquefaction, has
independent company, Azule Energy [a BP Sound Energy extends gas agreed with Engie to amend the liquefied
and Eni Company], through the combination natural gas (LNG) sale and purchase
of the two companies’ Angolan businesses. supply deal with Morocco’s agreement (as amended, the SPA) the parties
The agreement follows the memorandum of previously entered into in June 2021.
understanding between the companies agreed ONEE for three more months Under the SPA, Engie has agreed to
in May 2021. purchase approximately 0.9mn tonnes per
Azule Energy will be a new international London-listed upstream gas company annum of LNG from CCL on a free-on-board
energy company, independently managed, Sound Energy and Morocco’s state energy basis for a term of approximately 20 years,
with more than 200,000 barrels equivalent utility ONEE have extended a gas sales which began in September 2021. The purchase
a day (boepd) of net oil and gas production supply agreement signed by both sides for price for LNG under the SPA is indexed to the
and 2bn barrels equivalent of net resources. an additional three months, Sound said Henry Hub price, plus a fixed liquefaction fee.
It is expected to be Angola’s largest producer, in a statement. Both parties agreed on the “We are pleased to build upon the long-
holding stakes in 16 licences, as well as extension for meeting technical and financing term agreement we signed in 2021 with Engie,
participating in the Angola LNG joint venture. requirements. one of Europe’s energy leaders in low carbon
Azule Energy will also take over Eni’s stake in The deal was signed in November 2021. It solutions, to increase the volume and extend
Solenova, a solar company jointly held with covers gas supplies from the second stage of the term beyond 2040,” said Jack Fusco,
Sonangol. Sound’s Tendrara gas project in Morocco over Cheniere’s president and chief executive
Azule Energy will have a strong pipeline ten years. Envisaging 350mn cubic metres of officer. “This SPA reflects the importance
of new projects starting up over the next few annual deliveries, the contract supports Sound of a diverse and reliable long-term supply
years, including the new Agogo and PAJ oil to decide on an investment plan. of natural gas for Europe and reinforces the
projects in Blocks 15/06 and 31 respectively. Sound Energy signed a ten-year binding value the LNG market places in Cheniere’s
It will also develop the New Gas Consortium LNG sales agreement for the Phase 1 commitment to climate and sustainability
(NGC), the first non-associated gas project development covering the sale of around 100 initiatives. We look forward to continuing to
in the country, which will support the energy mcm of gas in a liquified form per year. supply Engie with flexible, cleaner burning
needs of Angola’s growing economy, its In late December last year, the company LNG as part of our shared vision of a lower
decarbonisation path and strengthen its role secured binding conditional agreements for carbon future.”
as a global LNG player. MAD167mn ($18mn) of financing for the first CHENIERE ENERGY, March 09, 2022
BP and Eni share common goals for Azule phase of Tendrara LNG in Morocco.
in achieving environmental and sustainability Baker Hughes announces
ambitions.
major turbomachinery order

for Venture Global LNG’s
Plaquemines LNG project

Baker Hughes has been awarded a contract
and granted notice to proceed by Venture
Global LNG to provide a liquefied natural
gas (LNG) system for the first phase of the
Plaquemines LNG project in Louisiana.
The highly efficient liquefaction train
system (LTS) supplied by Baker Hughes is
modularized, helping to lower construction
and operational costs with a “plug and play”
approach that enables faster installation. Baker
Hughes manufactures, tests and transports the
pre-assembled and fully integrated modular
turbomachinery units for Venture Global
LNG at its state-of-the-art manufacturing and

Week 10 11•March•2022 www. NEWSBASE .com P13