Page 13 - MEOG Week 43 2022

MEOG NEWS IN BRIEF MEOG

POLICY GAS 2023/24, its chief executive said on Friday.
Like other European energy companies,
Kremlin’s Turkey gas hub Iran ready to cooperate OMV, which until the Ukraine war depended
heavily on Russian oil and gas, is striving to
would see Europe accept with GECF members in all diversify its supplies.
On Thursday, it said it had signed a
Russian supplies gas sectors memorandum of understanding with
ADNOC, which Austria’s chancellor said
The Kremlin appears to be counting on Iranian Minister of Petroleum Javad Owji would lead to enough liquefied natural gas
divisions among countries in Europe to make voiced Iran’s readiness to cooperate with all (LNG) for 65,000 households for one year.
a realistic proposition of Vladimir Putin’s the members of the Gas Exporting Countries “We have agreed that there will be at
suggestion that Turkey should become a gas Forum (GECF) in all areas of development of least this delivery, which means both sides’
hub via which Russian gas could be supplied the gas industry, including joint investments, expectation is that we will expand on this,”
to European countries. natural gas swaps, cooperation in the CEO Alfred Stern told broadcaster ORF. “For
Both the US and France last week rejected framework of gas contracts, development and us, it is important that we diversify the gas
the idea - with French President Emmanuel export of technical and engineering services, supply for Austria and this is a building block.”
Macron responding that the proposal “makes knowledge transfer and development of ADNOC’s agreement with OMV follows a
no sense”, given that Europe is aiming to expert human resources. comparable deal with Germany’s RWE.
be independent from Russian gas - and, on Speaking to Shana on the sidelines of the High energy prices meant OMV (OMVV.
October 25, Czech Minister of Industry and 24th GECF ministerial meeting, Mr. Owji VI), in which the Austrian state holds 31.5%,
Trade Jozef Sikela said on October 24 that stated that Iran is one of the largest owners nearly doubled its core profit in the third
Europe should not buy Russian energy via a of proven natural gas reserves in the world quarter.
Turkish gas hub. and one of the largest owners of the domestic It posted clean current cost of supplies
That prompted Kremlin spokesman gas distribution network and is ready for (CCS) earnings before interest and tax (EBIT),
Dmitry Peskov to say that the Czech Republic any cooperation in the fields of exploration, which exclude special items and inventory
is not the only country in the EU, and that drilling, development, exploitation and gains or losses, of 3.52 billion euros ($3.51
other European countries might take a distribution of natural gas. billion) after 1.79 billion the same time a year
different standpoint. SHANA ago.
“Jozef Sikela, probably, knows that there Analysts had expected CCS EBIT of 3.2
are many more countries on the European OMV bets on more LNG from billion euros.
continent than the Czech Republic, and they OMV said on Thursday it would propose
may have different positions, at different ADNOC, Q3 profit soars a special dividend of 2.25 euros per share for
stages, at different moments, different 2022 to be distributed at the same time as its
adequacy in the perception of what is Austrian energy group OMV expects more regular dividend in 2023.
happening, and so on and so forth,” Peskov LNG deliveries will follow a first cargo Abu OMV’s chemical and materials business,
told reporters. Dhabi National Oil Company (ADNOC) a major part of its growth strategy, posted a
BNE has agreed to supply for the winter season 66% decrease in its clean operating result in

Week 43 26•October•2022 www. NEWSBASE .com P13