This Blog content Geopolitics link to the Oil Gas Natural Resources General Mining Cooper Gold and legal aspects.
The Operator of this Blog Agung Supomo Suleiman had Geopolitics Education - during his studies of International Public Law in the Faculty of Law University of Indonesia & 35 Practice Law Experiences Combined - Inhouse Legal Counsel & Independent Business Lawyer in the Oil Gas General Mining Cooper Gold - Natural Resources
In this Global Digital Era, YouTube Administration had made a Significant Approach by allowing New Youtubers to join the YouTube Global Community Channel.
The Operator of this Blog just become a Vlogger last for 1 Year ago, since 2021.
This is very Significant and Important Approach which can build Sharing and Learning Experiences
between the Publisher / Vlogger and the One Global Community - Audience.
WIDENING GLOBAL AUDIENCE - VIEWERS
JUMP OUT of the BOX
We can JUMP OUT of the BOX, not only being a YouTuber/Vlogger in our Local Area, as our Comfort Zone, but Explore being a Global One Planet Vlogger
ESTABLISHING ENGLISH VERSION - PLAY LIST - HOW TO INCREASE VEIWERS - in our AGUNGSS OILGASMINE LAW CHANNEL
The Method is by establishing YouTube Channel in the English Version.
LINK- BLOG TO VLOG
For the Operator of this GEO - Politic - AGUNGSS BUSINESS LAWYER NOTE, we can Link it to Our English Version - Play List - How to Increase Viewers in the AGUNGSS OILGASMINE LAW CHANNEL & Link it with our GEO - OIL GASMINE LAW CHANNEL Play List - English Version - How to Increase Audience /VIEWERS.
BLOG VS VLOG ( Video Logistics)
SURPRISING/AMAZING
NUMBER VIEWERS US 198 Exceeds Number Viewers from Indonesia 191
Based on the Statistical Analysis of GOOGLE TEAM; its shows the above Absolute Numbers
#episode5USA, EU and the G 7 Countries and Australia agrees:
To introduce
an Oil Price Cap of all purchases on Russia Oil-USD 60
Dollars per barrel, on seaborn Oil from Russia, transported by sea
to be effective on Monday December 5 th, 2022.
27 Nations of the EU
has agreed to impose this Oil Price Cap.
Ursula von der Leyen, EUPresident Commission says :
G7 /EU and Western Countries prohibits the
Insurance Company to Cover Insurance Coverage upon
Ships/Tankers who are carrying this Crude Oil
Purchased from Russia, which Purchase Price does not :
· impose this OIL Price Cap of USD
60 Dollars,
INSTRUMENT TOOL FOR
ECONOMIC WARFARE
We observe G7,
EU, Australia, and their Western Partners are driving the
prohibitions of marine insurance coverage for vessels and cargo as an
instrument tool for economy warfare.
It is a customary business
commercial accepted practice, that Insurance Coverage is mandatory for all
Ships carrying Crude Oil around the World, to avoid and mitigate any and
all kind of Losses, Liabilities, upon the Vessel, including, tankers which are
carrying Huge Tons of Crude Oil through the Ocean International Waters
So the Western
Countries, in practice has control monopoly on the Global Shipping
Insurance Company including D'LOYD, London
All Global Shipping Insurance Company are based in
USA and Europe.
This also include
risks during war time such as occurring in Ukraine.
Without this
Insurance Coverage, the Ship carrying Crude Oil are not allowed to leave the
Sea Harbor Port.
INSURANCE COMPANY ARE PROHIBITED TO Cover Insurance
Coverage.
Ursula Von Der Leyen, says that this Oil Price Cap has 3
Aims :
1.Strengthen
the effect of EU Sanctions against Russia
2.It will further diminish Russia's Income from selling
Crude Oil.
3.Stabilizethe Global Oil Price Market
The Price Cap will allow Non-EU to
continue imports of Seaborne Russian Crude Oil, however, Insurance Company are
prohibited to Cover the Insurance Coverage upon such Ships who carried such Oil
from Russia, exceeding the Imposed Oil Cap of USD 60 Dollars.
The Western countries says that it
will stabilize the Oil Price, and it will help the developing
countries to cope with the Inflation problem
USA/G7/EU/Australia are ESCALATING ECONOMIC WARFARE
The USA,
G 7, EU and Australia are escalating the Economic Warfare
against Russia.
·RUSSIA RESPONSE
Russia
in response says that it does not want to sell the Oil to the Countries who are
imposing this Oil Price CAP.
We
will wait Russia's further reaction,
REMARKS
:
At the present
moment, we observed, from the Social Media, that India and the Peoples
Republic of China already purchased Crude Oil from Russia on a 40% discount
Price given by Russia, around USD 65 per barrel.
This was because India and the People's
Republic of Chinawas abstained during the United
Nations Voting with respect to Russia Military Troops entering
Ukraine on February 24, 2022
Based on the above prohibitions, imposed
to the Insurance Companies.
It is predicted that countries who are purchasing Crude
Oil from Russia, with the process exceeding the above USD 60 Oil Cap per barrel,
such as India and China who buys the Oil
Price of USD 65, will face
difficulties in seeking the Major Insurance Coverage from Reputable Insurance
Company outside the Major Western Insurance Companies.
We observe SignificantActions, done by certain respective Nation, or Group of Nations, to secure their energy supplies, due to the Shortage of Gas, High Prices of the Gas and Oil, Food and Fertilizer Shortage, High Inflation, Extreme Global Change, which was the direct impact of the Russian - Ukrainian War Crisis) attaching it to the Geopolitics issues.
USA UNILITERAL ANNOUNCES RELEASE 50 MILLION BARRELS OF OIL FROM THE STRATEGIC RESERVE TO LOWER PRICES FOR AMERICANS.
JOE BIDEN onNovember23,2021, had announced that the Department of Energy will make available releases of50 million barrels of Oil from the Strategic Petroleum Reserve to lower the prices for Americans.
It is indicated that within the Internal Politics aspect in USA, Joe Bidenwantedto secureits electability fortheMidtermElections as well as the 2024 Elections in theSenate- House of Representatives as well as the Presidential Elections 2024 in the United States.
This Uniliteral action by the USA, had great impact to the Opec Oil Producers Especially Saudi Arabia, whose State's Budget revenue depends on the selling of its respective Oil Production.
In response Saudi Arabia led Oil Cartel OPEC's announcement on October 5th, 2022, thatit was cutting 2 (Two) million barrels per day, whichdrive up the oil price just a month before Midterm Elections causing JOE BIDEN upset and angry.
The Democrats in Washington was accusing Russia Saudi of aligning itself with Russia.
Remarks :
So there are 2(two) Significant Actions made by USA, in releasing50million Oil from its Strategy Petroleum Strategic,andresponded by Saudi Arabia,ledcartel OpecOil Produces,whereSaudi cut 2 Million Barrels of Oil per day,whichsuch SignificantActions were both made to Secure both of its Energy Supplies.
However, sincethis Actions was made due to Shortage of the Global Oil causing Increase Price of the Oil. which emergedue theIncreasing Escalation Geo- Politics Tensions between Russia Versus NATO, EU, Western Countries led byUSA withinthe Ukraine Hemisphere. it isreally impactingthe Global Oil Price in Oil Market.
In the Mainstream Media, Joe Biden, emphasized that Saudi Arabia would bear the consequences.
GERMANY FLOATING LNG TERMINAL.
FIRST FLOATING LNG TERMINAL COMPLETED
We noticed from the media, that Germany has completed the speedy construction of infrastructure and leasing of The First Floating LNG Terminal which was to receive Liquid Natural Gas (LNG) to secure its energy supplies over the coming winter months.
THE FIRST JETTY COMPLETED IN NORTHERN GERMANY - Wilhelmshaven.
The first jetty for arrival of LNG has been completed in Northern Germany Wilhelmshaven, with first delivery set to arrive in Mid-January 2023.
JETTY ALLOWS MOORING OF THE FIRST COMPLETED FRSU
The Jetty will allow the mooring of a special ship - a floating storage and regasification Unit ("FSRU"), which collects the LNG from the LNG Tankers and regasifies it before feeding it to the pipeline on land.
that prior to the end of 2022, the First FSRU is due to be in operation to regasify LNG, arriving from the LNG Tankers from around the world.
The First FRSU, called the Esperanza is scheduled to arrive with a full load in about a month to be unloaded.
GERMANY WORKING FOR RENTING 5 (Five) Floating LNG terminals.
The German government is working for renting 5 (Five) Floating LNG Terminals to import Liquid Natural Gas (LNG), so called Floating Storage and Regasification Units (FRSU).
TWICE THE COST OF THE ESTIMATE BUDGET 2022
It is indicated from our research on the Website, including Reuter, that the whole project is currently budgeted:
at Euro 6.56 billion up from Euro3 billion on the 2022 Budget, which figure was confirmed by the Ministry according to Reuters.
GERMAN SEEKS ALTERNATIVE LNG SOURCES
This is to seek alternative to Russian Pipeline Nord Stream, where Germany had relied for years until supplies was stopped due to the Russian and Ukrainian War Crisis.
A pier at Wilhelmshaven has been expanded to provide a mooring place for a Floating LNG Storage Facilities and Regasification Unit (FSRU), which is the central component for Transporting LNG vis sea and transferring to the land.
CAPACITY VOLUME OF EACH FSRU
According to the news, the German government is working to make available:
5 (Five) Floating LNG Terminals in the German Ports, each having capacity of at least 5 (Five) Billion M3 Per Year.
The Terminal at Wilhelmshaven, and another at Brunsbuttel, are scheduled to be operational early Next Year 2023.
The 3rd and 4th Floating LNG Terminal to be opened at the Ports of Stade and Lubmin, are expected operational by the end of 2023.
A green Member in of the German Parliament in the Budgetary Committee said the costs and the risks of the LNG projects needs more clarification.
From our research in the Websites, it indicates there are 60 FSRU existing worldwide, many of them are in a long-term deployment.
CHINA and Qatar SIGN LNG LONG TERM CONTRACT worth $60bn
QATAR to send Sinopec 4 (FOUR) million tons of LNG per Year from 2026
Agreement made as China Seeks to Bolster Energy Security
QATAR RESPONSE USA UNILATERAL ACTION
In response to the latest situation as impact arising from the Russian-Ukraine Crisis War, where USA Unilaterally releases 50 million barrels out of its Strategic Oil Reserves, Qatar had signed with China a Long-Term LNG Contract, on November 21, 2022 as reportedly REUTERS.
In this event, Qatar's Energy State Owned Petroleum Company, was represented by the Qatar's Energy Minister and Head of Qatar Energy, and Sinopec was represented by Ma Yongsheng, Sinopec's Chairman.
This Long-Term LNG Supply Contracts is one of the Country's largest in terms of Volume.