Page 20 - AfrOil Week 23 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global underway with potential customers. Prospects
(NRG), in which the reader is invited to join our for a growth in Azeri gas supply to Europe hinge
team of international editors, as they provide a on an expansion of the Southern Gas Corridor
snapshot of some of the key issues affecting their (SGC), the network of pipelines that carry gas
regional beats. We hope you will like NRG’s new produced in the Azeri Caspian Sea as far as Italy.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Egypt, EU poised to agree on LNG
as before. exports
Egypt is poised to sign a memorandum of under-
AsianOil: Sasanof-1 well offshore Australia standing (MoU) with the EU on deliveries of
comes up dry natural gas extracted from Israeli fields in the
Privately owned Western Gas has reported that eastern Mediterranean and processed into LNG
its Sasanof-1 exploration well offshore Western at Egyptian terminals. The signing will take place
Australia found no commercial reserves of oil or in late June, when European Commission Presi-
gas. The well had been one of the most closely dent Ursula von der Leyen visits Cairo.
watched exploration campaigns of the year so far
in Australia, so the result was a disappointment. LatAmOil: US reportedly allowing Eni,
Repsol to export Venezuelan oil
DMEA: Pipeline preparations and fuel The US government appears to be moving for-
prices ward with steps to loosen sanctions on Venezue-
Jordan’s Minister of Foreign Affairs Ayman la’s oil sector. The restrictions that Washington
Safadi said this week that preparations for the has been imposing on Caracas penalise trade in
development of an oil export pipeline connect- Venezuelan oil or fuel.
ing Iraq’s Basra Governorate to the Red Sea port
of Aqaba have reached 80%. Meanwhile, Libe- MEOG: FEED deal and FPSO arrival
ria’s Ministry of Commerce and Industry said in US engineering firm McDermott International
a statement on June 3 that it did not intend to was awarded an engineering contract by Qatar’s
make any drastic changes in the domestic fuel North Oil Co. (NOC) for third-phase develop-
pricing regime before the end of this month. ment work at Qatar’s offshore Al-Shaheen oil-
field. NOC is a 70:30 JV between state-owned
EurOil: UK U-turns on windfall tax QatarEnergy and France’s TotalEnergies. Mean-
The UK government imposed a 25% tax on prof- while, London- and Tel Aviv-listed Energean’s
its by oil and gas companies in late May, marking production unit has arrived in Israeli waters in
a policy U-turn and a departure from the North preparation for the start of development at the
Sea industry-friendly image that it has sought to Karish natural gas field.
cultivate. The one-off surcharge is on top of the
40% headline tax rate that the industry already NorthAmOil: Energy Transfer finalises
pays on its profit, as well as its 30% ring-fenced another offtake agreement
corporation tax and 10% supplementary charge. US-based Energy Transfer has signed an LNG
sales and purchase agreement with China Gas
FSU OGM: Azerbaijan seeks extra gas Hongda Energy Trading, a subsidiary of China
market share in Europe Gas Holdings. The deal is the fifth to be signed by
Azerbaijan is prepared to ship gas to new cus- Energy Transfer since March for supply of LNG
tomers to help the continent wean itself off Rus- from its proposed Lake Charles LNG terminal in
sian supplies, President Ilham Aliyev said on Louisiana. It brings a final investment decision
June 1, noting that negotiations were already on the terminal a step closer. ™

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P20 www. NEWSBASE .com Week 23 08•June•2022