Gastrade secures 2.6 Bcm/year in capacity bookings for Greek LNG terminal - HELLENIC SHIPPING NEWS / PLATTS

27/MARCH/2020

Author: Stuart Elliott, Editor: Jonathan Dart

• Less than half of design capacity of Alexandroupolis LNG
• Non-binding first phase saw interest for 12.2 Bcm/year
• Commercial start-up of FSRU expected in Q3 2022

London - Greece’s Gastrade, the developer of a planned floating LNG import facility at Alexandroupolis in northern Greece, said Thursday it had secured 2.6 Bcm a year of capacity bookings following a binding market test process that ended Tuesday.

Capacity was booked for periods up to 15 years and parties reserving capacity included both Greek and international gas companies, as well as end-users, Gastrade said.

The company described the process as having been “successfully” concluded, although the booked capacity is less than 50% of the terminal’s design capacity of 5.5 Bcm/year.

Delek loses 5% of Delek Drilling - GLOBES

26 Mar, 2020 12:20
Omri Cohen

Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, has been forced to reach a painful compromise in its dispute with Citibank concerning participation units in its energy exploration and production unit Delek Drilling LP (TASE: DEDR.L) attached in Citibank's favor. Figures published by Delek Group indicate that the compromise reached by the group with Citibank and the Dayan family, which signed an agreement to buy the attached participation units, will cost Delek Group NIS 120 million in terms of market cap.

Up until now, Delek Group held 60% of the participation units in Delek Drilling, with a market value of NIS 2.38 billion. Early last week, Delek Group revealed that participation units constituted 15% of the partnership's capital were attached in favor of Citibank in order to secure a loan, the outstanding balance of which totals $57 million.

Libya’s February oil revenues down 69 percent; NOC calls for immediate end to illegal oil blockade and on state to reduce expenses - LIBYA HERALD

London, 25 March 2020

Sami Zaptia

Libya’s state National Oil Corporation (NOC) reported that February 2020 hydrocarbon revenues were approximately US$ 555 million, a decrease of around $1.21billion USD (68.6%) on January 2020 revenues. The February figure is also a decrease of around US$ 708 million (56%) compared with February last year. It called for an immediate end to the costly oil blockade.

It confirmed that oil and gas production in Libya have been consistently down, with current levels of production at 95,837 barrels a day, as of Sunday March 22, 2020. Forced restriction of production has resulted in financial losses exceeding 3,535,802,366 USD since January 17, 2020.