Page 14 - GLNG Week 49 2021

GLNG NEWS IN BRIEF GLNG

Viva Energy’s proposed Gas Terminal Project, demonstrates the strong credentials of (tpy) Shell-operated Idku plant and the 5mn
which would, subject to definitive agreements Geelong as the preferred location for an LNG tpy Eni-operated Damietta facility.
and approvals, enable Woodside to supply terminal in south-eastern Australia. Turkey looks set for record high gas
and regasify LNG to the east coast Australian VIVA ENERGY, December 09, 2021 demand in 2021, requiring as much as 60bn
market. The MoU provides a framework and cubic metres (bcm). Ankara, meanwhile, is yet
timeline to negotiate binding regasification to renegotiate a set of long-term pipeline gas
capacity commitments, which are targeted MIDDLE EAST import contracts that will expire in the near
to be executed following Woodside and future.
Viva Energy approvals and are subject to Egypt ‘now key supplier of Turkey’s deal for LNG gas from Nigeria
a final investment decision. Woodside will ended in October.
work together with Viva Energy in the LNG to Turkey’ Turkey’s long-term LNG contract with
Project on an exclusive basis in relation to Algeria’s state-owned Sonatrach is due to run
LNG regasification terminals in south-east Egypt has reportedly become a key supplier until 2024. It takes other LNG cargoes mostly
Australia. of liquefied natural gas (LNG) to the Turkish from the US and Qatar.
Subject to regulatory approvals, Viva market. Turkey and Egypt re-established formal
Energy is planning to take a final investment Seven Egyptian LNG cargoes have already diplomatic relations in early 2021, almost
decision to proceed with the Project by the been shipped to Turkey so far in the fourth eight years after they were broken off
third quarter of 2022, which would enable it to quarter of 2021, data from S&P Global Platts following the military coup that ousted Egypt’s
help address the expected gas supply shortfall Analytics showed on December 9. first Islamist president Mohamed Morsi.
in the east coast Australian market from the It is reported that since October, there have
mid-2020s. been regular shipments from Egypt’s two LNG
The support of project partners export terminals – the 7.2mn tonne per year

P14 www. NEWSBASE .com Week 49 10•December•2021