Thursday, 18 August 2022 09:21

EU to up its support for Mozambique mission

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According to a document seen by Reuters, the EU is planning to considerably increase in financial support for an African military mission in Mozambique. 

This is due to the increasing threat from Islamist terrorists to attack the country’s gas projects. 

Mozambique has been plagued by militant activity in the northern gas rich Cabo Delgado Province since 2017, adjacent to the LNG projects.

A southern African military mission and separate Rwandan troop interventions have managed to halt the militants advance since being deployed last year.

However, the EU said that the situation remains very volatile and smaller scale violent attacks have contiued in various districts. 

A paper prepared by the European External Action Service (EEAS), the EU’s de facto foreign ministry, recommended €15 mill of EU funding should be sent to the mission to 2024.

The mission is made up of the Southern African Development Community (SADC), which is a bloc of 16 African countries, of which around six send troops to Mozambique. 

An EU spokesman confirmed that the additional financial support had been proposed but said that it was still under discussion by the member governments. 

This proposal needs the backing of all the 27 members, whose military experts are due to hold a meeting on 25th August. 

Wednesday, 17 August 2022 08:55

Australian LNG cargo to arrive in the UK

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The UK is expected to take delivery of a shipment of gas from Australia next week, as the pressure on European energy supplies grows.

According to a report from the UK’s BBC, the LNG is due to arrive on 22nd August, commodity analysts Kpler said.

Bloomberg claimed that this would be the first shipment of Australian LNG to reach the UK in six years, as the exporter does not normally ship gas for long distances.

European countries have been seeking alternatives to Russian gas following the invasion of Ukraine, which resulted in the UK stopping importing Russian gas in April.

While the UK bought only a small fraction of its gas from Russia before the conflict began, the country is connected to the European gas network, the BBC said. 

Energy analyst, David Cox, said the Australian shipment was a sign of how desperate European countries had become to secure alternative sources of gas before the winter.

"European nations are desperately trying to store up before the winter comes," he told the BBC. "This shipment isn't necessarily for the UK, because we don't have the storage to keep it anyway. But I imagine most of it will be exported to Europe where they're racing to increase their supplies."

Kpler confirmed to the BBC that the LNGC ‘Attalos’ is headed to the UK's Isle of Grain terminal near London, bringing a cargo from Australia’s North West Shelf liquefaction plant.

Wednesday, 17 August 2022 08:15

Market Tracker Supplement - 15 August 2022

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Wednesday, 17 August 2022 08:02

Market Tracker - 15 August, 2022

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Tuesday, 16 August 2022 10:14

Monthly Data Supplement - August 2022

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Tuesday, 16 August 2022 10:02

Monthly Data - August 2022

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Tuesday, 16 August 2022 08:59

Monthly Data - August 2022

Our data show global LNG trade continued to decrease slowly month-on-month. The shipped amount of 31.67mmt represented a net decrease of 0.59mmt (-2 percent) from the 32.26mmt shipped in June.

Wednesday, 10 August 2022 09:14

Market Tracker Supplement - 8 August 2022

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Wednesday, 10 August 2022 09:02

Market Tracker - 8 August, 2022

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Wednesday, 10 August 2022 07:09

New Job for Tango

With the acquisition of the Tango FLNG barge, Eni is taking concrete steps toward improving LNG export levels from West Africa starting in 2023. Regional production has been trending down, our data show. Tango FLNG has had a successful stint in Argentina two years ago until a force majeure by YPF cut its deployment short. The unit has since been mothballed in Uruguay and will make its way to Eni’s Marine XII block offshore the Republic of Congo in November, our data suggests.