Page 6 - GLNG Week 34 2021
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GLNG                                              AFRICA                                               GLNG


       Angolan reports export trends for Q2-2021





        PERFORMANCE      ALEXANDRE Barroso, Angola’s Secretary of   He went on to say that China had been the
                         State for Oil and Gas, reported last week that the  primary destination for Angolan crude in the
                         country had exported 97.89mn barrels of crude  April-June period, accounting for 72.85% of total
                         in the second quarter of the year, equivalent to  exports. The second and third largest buyers of
                         around 1.077mn barrels per day (bpd), down  Angolan oil during the same interval were India,
                         by 13.89% quarter on quarter. The National Oil,  which bought 5.85% of the total, and Singapore,
                         Gas and Biofuels Agency (ANPG) claimed a  which bought 4.88%, he said.
                         22.5% share of these volumes, while the national   Barroso further stated that Angola had
                         oil company (NOC) Sonangol claimed 17%, he  exported about 1.17mn tonnes of LNG, LPG
                         said.                                and CNG in the second quarter of the year. LNG
                           Speaking during a presentation of new  accounted for 74.59% of the total, while CNG
                         quarterly data to the Ministry for Mineral  accounted for another 5.84%, he said. Propane
                         Resources, Oil and Gas (MIREMPET), Bar-  comprised 16.62% of total gas exports, while
                         roso noted that Angola’s gross earnings from oil  butane made up 2.95%, he said.
                         sales had amounted to about $6.73bn between   The top three destinations for Angolan LNG
                         April and June of this year, up by 0.11% q/q. He  in the April-June period were India, China and
                         also reported that Angolan oil had commanded  Pakistan, which respectively accounted for
                         an average price of $68.625 per barrel during  32.47%, 14.77% and 14.65% of total exports,
                         the second quarter. This marked a 11.25% rise  he continued. He also named China as the larg-
                         on average export prices in the first quarter of  est buyer of Angolan LPG, noting that the East
                         2021 and was up 151.85% on the year ago fig-  Asian country had taken 28.57% of all propane
                         ure, he said.                        exports and 99.2% of all butane exports.™










       Renergen signs LNG supply



       agreement with Consol Glass





        PROJECTS &       SOUTH Africa’s Renergen revealed last week  aims to use LNG from the Victoria project as
        COMPANIES        that it had agreed to supply LNG to Consol  fuel for long-haul trucks. The French major will
                         Glass, a Johannesburg-based supplier of glass  use its branded filling stations along the Johan-
                         packaging materials.                 nesburg-Durban section of the N3 highway to
                           In a statement, Renergen said it had signed  distribute LNG from the first phase of Renergen’s
                         a five-year agreement with Consol Glass. Under  plant.
                         that document, the former company will begin   The South African firm has said that it
                         deliveries to the latter in January 2022, shortly  intends to launch the first phase of the Victoria
                         after the commissioning of the first phase of its  gas project before the end of this year. It will be
                         Victoria gas project.                extracting natural gas from fields near Welkom,
                           Renergen has not yet revealed the value of the  Virginia and Theunissen in Free State and using
                         deal. It did report, however, that it was slated to  this gas as feedstock for an LNG plant that is still
                         supply LNG to Consol Glass at the rate of about  under construction. Once the facility comes
                         14 tonnes per day, equivalent to 5,110 tonnes per  online, it will halt production of CNG and switch
                         year (tpy). Delivery volumes will be lower ini-  to LNG.
                         tially, owing to the need for equipment testing,   The company hopes to bring the second
                         but will ramp up to the contracted level of 14  stage of its gas liquefaction plant on stream
                         tonnes per day over a period of three months,  in 2023. The facility will include a helium
                         it explained.                        unit, as the Victoria fields contain unusually
                           The company noted that the deal with Con-  high volumes of helium. Sproule, an interna-
                         sol Glass would be its first supply agreement  tional energy consulting firm, estimates that
                         that did not involve providing LNG for use as a  these sites may hold as much as 9.74bn cubic
                         vehicle fuel. Renergen’s first major customer was  metres of helium, or more than the total proven
                         a subsidiary of TotalEnergies (France), which  reserves of North America.™



       P6                                       www. NEWSBASE .com                         Week 34   27•August•2021
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