Page 6 - MEOG Week 08 2023
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MEOG                                   PIPELINES & TRANSPORT                                           MEOG

       First ADNOC LNG cargo

       arrives at Brunsbuettel

        UAE              GERMANY’S  Brunsbuettel LNG terminal  away from Russian gas following the invasion
                         received its first liquefied natural gas (LNG)  of Ukraine. Three more FLNG terminal are
                         cargo on February 15. The cargo shipped by  expected to be built in the country before next
                         ADNOC from Das Island, Abu Dhabi marks  winter.
                         the first cargo the terminal has received since   For Germany, this is the first ever LNG cargo
                         the Hoegh Gannet floating storage and regasifi-  to be delivered from the Middle East. In Sep-
                         cation unit (FSRU) arrived on January 20 at the  tember, RWE and the UAE’s ADNOC reached
                         Brunsbuettel Elbehafen port near Hamburg.  agreement on a memorandum of understanding
                           According to RWE, the developer of the  (MoU) on several years of LNG supplies to be
                         government-backed floating LNG terminal,  delivered to Germany.
                         137,000 cubic metres of LNG were delivered,   QatarEnergy has also signed two sales and
                         which equals over 82mn cubic metres of regasi-  purchase agreements (SPAs) with ConocoPhil-
                         fied natural gas and approximately 900mn kWh  lips to send up to 2mn tonnes per year (tpy) of
                         of energy, enough to supply roughly 250,000  LNG to Germany.
                         German homes for a year. The LNG will be fed   Built in 1995, the 170,000 cubic metre Hoegh
                         into the grid beginning at the end of the month.  Gannet FSRU was converted to a floating storage
                           The delivery to the Hoegh Gannet FSRU  unit in 2018 and has been chartered by Germany
                         comes just weeks after the floating vessel arrived  from Hoegh LNG. In the near term it will oper-
                         at Brunsbuettel, marking the third floating LNG  ate at Brunsbuettel’s existing dangerous goods
                         (FLNG) terminal to recently commence opera-  berth before being moved to a new jetty west of
                         tions in Germany as part of the country’s shift   the port at the end of the year.™

       Iran to build more

       tankers for Venezuela

        IRAN             VENEZUELA’S state-run energy firm, PdVSA,  to rebuild its fleet, but its partnership with Iran
                         is set to order two more Aframax tankers from  – like Venezuela burdened by heavy US sanc-
                         Iran Marine Industrial Co. (SADRA), with the  tions – enable the Venezuelans to bypass the
                         vessels to cost $33.77mn each, according to an  restrictions.
                         internal PDVSA document cited by Reuters and   SADRA has also signed a €460mn contract
                         Tasnim News Agency.                  with PDVSA to revamp the 955,000-barrels/day
                           The vessels, to be named India Urquia and  Paraguana refinery complex. The deal marks a
                         India Mara, will be built at SADRA’s Bushehr  step towards ending Venezuela’s reliance on US
                         shipyard on the Persian Gulf under an existing  refinery technology.
                         shipbuilding agreement. It is unknown if Cara-  According to tanker monitoring firm Tank-
                         cas will pay for the vessels directly or via a bar-, two vessels chartered by Iran’s
                         ter agreement. Iran has already delivered two  Naftiran Intertrade Co. (NICO), namely the
                         Aframax tankers, the Arita and Anita, built by  supertankers Wen Yao and Sea Cliff, are expected
                         SADRA, to PDVSA.                     to deliver Iranian condensate to Venezuela this
                           US sanctions make it difficult for PDVSA  month as part of an oil swap with PDVSA.™

       P6                                       www. NEWSBASE .com                       Week 08   22•February•2023
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