Page 16 - GLNG Week 45 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global additional gas reserves. “We decided not to acquire a
(NRG), in which the reader is invited to join stake in the company that operates the Finnish LNG
our team of international editors, who provide a terminal and use the €30mn set aside in the supple-
snapshot of some of the key issues affecting their mentary budget for this purpose to [replenish] Esto-
regional beats. We hope you will like NRG’s new nia’s gas reserves,” Prime Minister Kaja Kallas said
concise format, but by clicking on the headline link at a government press conference, adding that this
for each section the full text will be available as is in line with the Act on the State’s Supplementary
before. Budget.

FSUOGM: Uniper hit hard by Russian gas losses
AfrOil: APT may be able to launch Ntorya gas Uniper has posted a €40bn ($39bn) loss for the
production early first nine months of this year, marking one of
ARA Petroleum Tanzania Ltd (APT) is looking the biggest losses in German corporate history.
to launch commercial production at the Ntorya The reasons are well-known. The company had
natural gas field in southern Tanzania almost a its Russian gas supply drastically cut over the
year ahead of schedule despite a setback in its summer, before it ended completely at the end
drilling schedule. According to Aminex (Ire- of August.
land), a non-operating shareholder in Ruvuma,
APT pushed the target date for spudding the GLNG: Indonesia’s potential reversal to LNG
Chikumbi-1 (CH-1) well at Ntorya back to importer
March 2023 after receiving new information on With the likes of Australia, Qatar and the US now
rig availability and consulting with Tanzanian by far the world’s biggest LNG exporters, it is hard
authorities and its contractors. to imagine that this was a title once held, in 1990,
by Indonesia. That year the country delivered
AsianOil: Tokyo asks Malaysia to ease LNG sup- 20.35mn tonnes of the super-cooled gas to the
ply woes global market, accounting for 38.4% of overall
The Japanese government has reached out to trade.
Malaysia’s Petroliam Nasional Berhad (Petro-
nas) to request the firm’s help with alleviating LatAmOil: Spudding of Wei-1 postponed
any LNG supply issues to customers in Japan fol- again
lowing the Sabah-Sarawak Pipeline leak in late Canada’s CGX Energy has been forced once
September. Already facing pressure to guarantee again to postpone the spudding of Wei-1, its
ample LNG deliveries as Russia threatens to cut second exploration well at the Corentyne block
off supplies, and with temperatures across the offshore Guyana. In a statement, CGX explained
country already starting to drop, Japanese buyers that the delay was beyond its control.
are clambering to source cargoes to replace those
delayed by the leak.
MEOG: Aramco announces Q3 results
DMEA: Iranian government sells 12% stake in Saudi Aramco this week announced its Q3
country’s largest petchem producer results, which were highlighted by a net income
Iran’s government has reportedly sold 12% of of $42.4bn, up 139% against the same period last
the country’s largest petrochemical producer, year. Despite some price volatility during the
Persian Gulf Petrochemical Industries (PGPIC), quarter, the company continues to benefit from
to a unit of the country’s oil pension fund for the recovery experienced over the past year or
IRR1.087 quadrillion ($3.3bn at the free mar- so, earning well in excess of the level required to
ket rate), a privatisation record. “Moments ago, cover its $18.75bn quarterly dividend obligation.
stocks of this company were sold for a total price
of 1,087 trillion rial. It was the largest privati-
sation scheme ever conducted in the country’s NorthAmOil: Marathon to purchase Ensign’s
history,” said Hossein Ghorbanzade, who heads Eagle Ford assets for $3bn
Iran’s Privatisation Organisation. Marathon Oil has agreed to acquire the Eagle
Ford shale assets of Ensign Natural Resources
EurOil: Estonia gives up stake in Finnish LNG for $3bn cash. The assets – in the core of the play
terminal – nearly double Marathon’s Eagle Ford position
Russia’s The Estonian three-party government has and are adjacent to Marathon’s existing Eagle
decided that Estonia will give up its stake in the com- Ford wells. The transaction, expected to close by
pany that operates the Finnish LNG terminal and the end of the year, will add 526.1 net square km
spend the €30mn budgeted for this purpose to buy with a 97% working interest.

P16 www. NEWSBASE .com Week 45 10•November•2022