Page 17 - GLNG Week 23 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Russian supplies, President Ilham Aliyev said
(NRG), in which the reader is invited to join on June 1, noting that negotiations were already
our team of international editors, who provide a underway with potential customers. Prospects
snapshot of some of the key issues affecting their for a growth in Azeri gas supply to Europe hinge
regional beats. We hope you will like NRG’s new on an expansion of the Southern Gas Corridor,
concise format, but by clicking on the headline link the network of pipelines that carry gas produced
for each section the full text will be available as in the Azeri Caspian Sea as far as Italy.
before.
GLNG: Egypt, EU poised to agree on LNG
AfrOil: Impact Oil & Gas may exit Namib- exports
ia’s Venus project Egypt is poised to sign a memorandum of under-
South Africa’s Impact Oil & Gas is reportedly standing (MoU) with the EU on deliveries of gas
mulling the possibility of selling its 20% stake in extracted from Israeli fields in the eastern Med-
Block 2913B offshore Namibia, which contains iterranean and processed into LNG at Egyptian
the massive Venus-1x discovery. Four industry terminals. The signing will take place in late June,
sources told Reuters earlier this week that the when European Commission President Ursula
privately owned company had hired Jefferies von der Leyen visits Cairo.
Group, a US investment banking company, to
serve as its adviser for the sale process. LatAmOil: US reportedly allowing Eni,
Repsol to export Venezuelan oil
AsianOil: Sasanof-1 well off Australia The US government appears to be moving for-
comes up dry ward with steps to loosen sanctions on Venezue-
Privately owned Western Gashas reported that la’s oil sector. The restrictions that Washington
its Sasanof-1 exploration well offshore Western has imposed on Caracas penalise trade in Vene-
Australia found no commercial reserves of oil zuelan oil or fuel.
and gas. The well had been described as one of
the most closely watched exploration campaigns MEOG: FEED deal and FPSO arrival
of the year so far in Australia, and the result is This week’s MEOG includes coverage of a major
seen as a major disappointment. FEED contract award in Qatar and the arrival
of an FPSO in Israel.US engineer McDermott
DMEA: Pipeline preparations and fuel pric- International was awarded an engineering con-
es tract by Qatar’s North Oil Co. (NOC) for the
This week’s DMEA includes an update on laying third phase development of Qatar’s offshore
the groundwork on a pipeline running from the Al-Shaheen oilfield. NOC is a 70:30 JV between
Gulf to the Red Sea, while the Liberian govern- state-owned Qatar Energy and France’s TotalEn-
ment said it would not increase fuel prices. Jor- ergies. Meanwhile, London and Tel Aviv-listed
dan’s Minister of Foreign Affairs Ayman Safadi Energean’s production unit has arrived in Israeli
said this week that preparations for the develop- waters in preparation for the start of develop-
ment of an oil export pipeline connecting Iraq’s ment at the Karish gas field.
Basra Governorate to the Red Sea port of Aqaba
have reached 80%.Meanwhile, Liberia’s Ministry NorthAmOil: Energy Transfer finalises an-
of Commerce and Industry said in a statement other offtake agreement
on June 3 that it did not intend to make any dras- US-based Energy Transfer has signed an LNG
tic changes in the domestic fuel pricing regime sales and purchase agreement with China Gas
before the end of this month. Hongda Energy Trading, a subsidiary of China
Gas Holdings. The deal is the fifth to be signed by
EurOil: UK U-turns on windfall tax Energy Transfer since March for supply of LNG
The UK government imposed a 25% tax on prof- from its proposed Lake Charles LNG terminal in
its by oil and gas companies in late May, marking Louisiana. It brings a final investment decision on
a policy U-turn and a departure from the North the terminal a step closer.
Sea industry-friendly image that it has sought to
cultivate. The one-off surcharge is on top of the See the archive and sign up to receive NRG Editor’s
40% headline tax rate that the industry already Picks for free by email each week here.™
pays on its profit, as well as its 30% ringfenced
corporation tax and 10% supplementary charge.
FSUOGM: Azerbaijan eyes extra gas mar-
ket share in Europe
Azerbaijan is prepared to ship gas to new cus-
tomers to help the continent wean itself off

Week 23 10•June•2022 www. NEWSBASE .com P17