Page 16 - LatAmOil Week 04 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global investment, a rise in poverty and potential spiral-
(NRG), in which the reader is invited to join ling inflation. In a joint letter to UK Chancellor
our team of international editors, who provide a Rishi Sunak, they said “rocketing” energy bills
snapshot of some of the key issues affecting their for households and businesses would under-
regional beats. We hope you will like NRG’s new mine the post-lockdown recovery.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Chinese investor signs up for
as before. Far East LNG project
A Chinese energy firm has lent its support to
AfrOil: Dangote refinery eyes start-up in what could be the first large-scale Russian LNG
H2-2022 plant not to be developed by one of the leading
The launch date of the Dangote oil refinery will gas majors. Zhejiang Energy, a gas and power
depend on the outcome of tests that will wrap up supplier in eastern China that also imports LNG,
late in Q3-2022, a plant official has said. “Barring has agreed to buy a 10% stake in the proposed
any hitches during this period of the test run of Yakutsk LNG terminal, which will at full capacity
the units, the refinery will start refining crude send up to 18mn tpy of LNG to markets in Asia.
into [petroleum] products by the fourth quarter
of this year,” the official told Platts on January 24. GLNG: Sempra downsizes Cameron LNG
expansion plan
AsianOil: TotalEnergies, Chevron US-based Sempra Energy has downsized plans
announce Myanmar withdrawal for the expansion of its Cameron LNG export
France’s TotalEnergies and US-based Chevron terminal in Louisiana. In a filing with the US
are withdrawing from Myanmar, citing the wors- Federal Energy Regulatory Commission (FERC)
ening situation in the country, where they are last week, the company proposed an expansion
partners in the Yadana natural gas project, fol- involving one 6.75mn tpy train, down from a
lowing last year’s coup. TotalEnergies announced previous expansion plan involving two trains
its exit in a press release on January 21, with with a combined capacity of 10mn tpy.
Chevron confirming to Reuters the same day
that it was also withdrawing from Myanmar. MEOG: Faihaa expansion begins
The operators of south-eastern Iraq’s Faihaa oil-
DMEA: Fuel and pipes for Kuwait, Kenya field this week awarded a contract to two Chi-
Downstream-focused Kuwait National Petro- nese firms for the construction of a facility to
leum Co. will build 15 new filling stations under process crude oil from the field as the developers
the second phase of a wider plan to add 100 more move ahead with expansion. Meanwhile, state-
to match the country’s urban expansion. Mean- owned Kuwait Oil Co. (KOC) will soon launch
while, Kenya’s Lapsset Corridor Development a pipeline construction contract to support its
Authority (LCDA) has begun the next phase of Jurassic gas production facilities following the
the Lamu Port-South Sudan Ethiopia Transport award of two major deals in Q4-2021.
Corridor (LAPSSET) initiative following the
launch of Lamu Port in Q2-2021. NorthAmOil: Chesapeake confirms Chief
acquisition, announces PRB sale
EurOil: UK businesses urge action on high Chesapeake Energy confirmed this week that it
energy bills was buying privately-owned Chief E&D hold-
The UK’s top five business groups have urged ings for about $2.5bn in cash and stock. The
the government to curb rising energy prices, firms had been reported to be in advanced talks
warning that failure to act will result in lower over a potential acquisition last week. ™

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P16 www. NEWSBASE .com Week 04 27•January•2022