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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Post by bfwon Jan 30, 2023 8:47am
240 Views
Post# 35253574

Turkey Natural Gas Summit

Turkey Natural Gas Summit

Turkey To Host A Natural Gas Summit In February

By Tsvetana Paraskova - Jan 30, 2023, 7:24 AM CST

On February 14 and 15, Turkey will host a gas summit bringing together exporters and importers of natural gas, Turkey’s Energy Minister Fatih Donmez said on Monday.

“We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe,” Reuters quoted Donmez as saying today.

Since the Russian invasion of Ukraine, Turkey has pitched itself to become a gas and energy trading hub in the region.

 

Donmez said on Monday that Turkey would look to bring together supplier and consumer countries and “become the gas-trading center where the benchmark price of gas is set.”

In November, Donmez told local broadcaster TRT Haber that Turkey could host a conference of natural gas suppliers and importers as part of its efforts to set up – with Russia – a natural gas hub locally.

“We could organise an international gas conference, perhaps in January or February, to bring together gas suppliers and importer countries to take their opinion, we will proceed according to that,” Reuters quoted the Turkish minister as saying.

Turkey is preparing to potentially host a gas hub for Russian and other gas, although that may not be politically palatable to the EU.

At the end of last year, Turkish President Recep Tayyip Erdogan and Russia’s President Vladimir Putin agreed to set up a natural gas hub in Turkey, the Turkish president said.

A week earlier, Putin suggested that Russia redirect natural gas supplies intended for the damaged Nord Stream pipelines to the Black Sea in order to create a European gas hub in Turkey.

Since Putin first suggested the creation of the gas hub in Turkey, the two countries have not wasted time and instructed in October their respective energy regulators to immediately begin technical work to make the Russian proposal a reality.

“There will be no waiting” on this issue, Erdogan has said, as carried by AP.


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