Page 19 - EurOil Week 06 2023

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup Ukraine war levels, despite the steep drop in
Global (NRG), in which the reader is invited Russian deliveries.
to join our team of international editors, who
provide a snapshot of some of the key issues GLNG: China’s LNG Imports Forecast To
affecting their regional beats. We hope you will Rebound After Plunging 20% In 2022
like NRG's new concise format, but by clicking China’s liquefied natural gas (LNG) imports
on the headline link for each section the full text are projected to recover in 2023 to between
will be available as before. 70mn and 72mn tonnes, marking a 9% to
14% rise from 2022, analysts at Rystad Energy,
Wood Mackenzie and ICIS told Reuters.
AfrOil: Italy, Libya Sign $8bn Gas Deal In 2022, LNG imports to China fell 20%
Italian Prime Minister Giorgia Meloni arrived year on year to 64.4mn tonnes as strict Covid
in Libya on January 28 to sign a natural gas lockdowns combined with increased use of
supply deal with the state-owned oil company, natural gas from domestic production and
after visiting Algeria the previous week for pipeline sources dinted the country’s appetite.
the same purpose. She was accompanied by
Claudio Descalzi, the CEO of Italy’s Eni, and LatAmOil: AMLO Pledges To Help Pemex
Italian Foreign Minister Antonio Tajani. With Bond Payments
Mexico’s President Andres Manuel Lopez
AsianOil: Philippines Clears Development Obrador has indicated that his government
Of Seventh LNG Import Project is responding positively to requests from
Authorities in the Philippines announced the national oil company (NOC) Pemex for
on January 27 that they have greenlit the assistance in covering financial obligations to
development of a $67mn small-scale LNG holders of its securities.
import terminal to provide a source of fuel Speaking to journalists on January 26,
for power generation. It is the seventh such he said Mexico City had formulated a plan
facility to be approved. to ensure that Pemex could pay its debt
amortisations in 2023.
DMEA: Militia Threatens Iraqi Pipeline
An Iraqi militant group with links to Iran this week MEOG:Maha And Mafraq Sign Oman Deal
made vague threats to halt any effort to establish a Swedish explorer Maha Energy and local firm
pipeline route linking Basra with the Red Sea. Mafraq Energy this week signed a joint
Various versions of plans to build a 1,600- operating agreement for Oman’s Block 70
km conduit to carry crude oil from Iraq’s oil- concession following a farm-in deal last
rich Basra Governorate to the Red Sea port of year.
Aqaba have been on the drawing board since Maha operates Block 70 with a 65%
1982, with political, technical and commercial shareholding, while Mafraq holds the
concerns converging to derail progress. remainder following its August farm-in to
the exploration and production-sharing
FSUOGM: Russian Gas Pipe Flow Dips To agreement (EPSA).
Record Low In January
Russian pipeline gas flowing to Europe NorthAmOil: ExxonMobil, Chevron Profits
dipped to a record low in January, down 30% Soar
compared with supplies in December, while The US’s two largest oil companies have posted
experts warn that there could be significant record profits as blowback continues, including
further downside risk to the country’s from politicians and consumer groups, and in See the archive and
deliveries. particular from US President Joe Biden. sign up to receive
Europe has enjoyed unseasonably high ExxonMobil reported profits of $55.7bn in *NRG Editor’s Picks*
temperatures in recent weeks, and with ample 2022. Its previous record was $45.2bn in 2008, for free by email each
LNG supply and gas volumes in storage, this when oil was $142 a barrel, 30% higher than week here
has resulted in prices dropping to their pre- in 2022.

Week 06 08•February•2023 www. NEWSBASE .com P19