Page 16 - LatAmOil Week 03 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the continent face higher gas and power bills
(NRG), in which the reader is invited to join this year, following a sharp rebound in demand
our team of international editors, who provide a as coronavirus (COVID-19) restrictions have
snapshot of some of the key issues affecting their been eased.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Gas expert hits back at IEA
link for each section the full text will be available claims about Russia
as before. A leading expert on European gas market has
criticised the International Energy Agency (IEA)
AfrOil: Egbokor Energy Park set to launch for blaming Russia for causing the continent’s
by end-March energy crisis, instead attributing high energy
Backers of the Egbokor Energy Park project bills to the EU’s own policies. Jonathan Stern, a
expect construction work on the new facility, research fellow at the Oxford Institute for Energy
which is being built in Nigeria’s Edo State, to be Studies (OIES) who served as EU speaker for the
completed in less than three months. According EU-Russia Gas Advisory Council in 2011-2015,
to Dr. Akintoye Akindele, the CEO of Atlantic noted that Russia has long warned European gas
International Refinery and Petrochemical, the customers against abandoning long-term con-
park’s owner, Duport Midstream, has said that tracts and shifting away from oil-indexed prices.
the complex will be ready for inauguration by the
end of March. GLNG: Work begins on LNG-to-power
project in Vietnam
AsianOil: Inpex unveils offshore Construction has begun on the first phase of
exploration plans the Hai Lang LNG-to-power project in Viet-
Japan’s Inpex unveiled plans this week to con- nam, according to a January 15 government
duct exploratory drilling for natural gas offshore announcement. The project is located in Quang
Western Japan later this year. According to a Jan- Tri Province.
uary 17 statement, the exploration campaign will
be carried out offshore Shimane and Yamaguchi MEOG: Supporting gas and oil drives
prefectures between March and July. Iran is set to begin commissioning on the final
offshore phase of the supergiant South Pars gas
DMEA: MEA refining concerns field development programme by the end of Sep-
Downstream-focused Kuwait National Petro- tember as it seeks to boost gas availability. Mean-
leum Co. (KNPC) this week dealt with the while, Abu Dhabi National Oil Co. (ADNOC)
second major fire at its 346,000 barrel per day said this week that its drilling arm had added two
(bpd) Mina Al-Ahmadi refinery since October. more rigs to its fleet, taking the total number to
Meanwhile, Ghana’s Environmental Protection 99, with the new units due to work at two of the
Agency (EPA) has voiced renewed concerns UAE’s most important oil assets.
about the planned location of the new 100,000
bpd Sentuo Oil Refinery at Tema Newtown, a NorthAmOil: ExxonMobil’s net-zero goal
wetland catchment of Chemu Lagoon. ExxonMobil announced this week that it would
pursue an “ambition” to achieve net zero green-
EurOil: Poland shields small businesses house gas emissions from its operated assets by
from gas price spike 2050. The move represents a significant step
Poland has slashed gas prices for small businesses for the super-major, which previously avoided
in an effort to shield them from the energy cri- committing to net zero on the basis that it had
sis unfolding across Europe. Consumers across no realistic plan for achieving such a goal. ™

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P16 www. NEWSBASE .com Week 03 20•January•2022