Page 18 - DMEA Week 04 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global liquefaction plant not to be developed by one of
(NRG), in which the reader is invited to join the country’s leading gas majors.
our team of international editors, who provide a Zhejiang Energy, a gas and power supplier
snapshot of some of the key issues affecting their in east China that also imports LNG, has agreed
regional beats. to buy a 10% stake in Yakutsk LNG, a proposed
We hope you enjoy NRG’s new concise for- liquefaction terminal on the shore of Russia’s
mat, but by clicking on the headline link for each remote Yakutia region that at full capacity will
section the full text will be available as before. export up to 18mn tonnes per year of LNG to
markets in Asia.
AfrOil: Dangote refinery to launch in H2
The exact starting date of the new Dangote oil GLNG: Sempra downsizes Cameron plans
refinery will be dependent on the outcome of a US-based Sempra Energy has downsized its
testing programme that is due to wrap up late in plans for the expansion of its Cameron LNG
the third quarter of 2022, a plant official has said. export terminal in Louisiana.
“Barring any hitches during this period of In a filing with the US FERC last week, the
the test run of the units, the refinery will start company proposed an expansion involving one
refining crude into [petroleum] products by the 6.75mn tonne per year train, down from a pre-
fourth quarter of this year,” the official, who was vious expansion plan involving two trains with a
not named, told S&P Global Platts on January combined capacity of 10mn tpy.
24.
LatAmOil: Nahle reassures over Dos Bocas
AsianOil: Majors withdraw from Myanmar Mexican Energy Minister Rocio Nahle has
France’s TotalEnergies and US-based Chevron responded indignantly to reports that the
are withdrawing from Myanmar, citing the national oil company Pemex is running over
worsening situation in the country following budget and behind schedule on the construction
last year’s coup. of the Dos Bocas refinery in Tabasco State.
The two companies are partners in the Yadana On January 22, Nahle said in a Twitter post
natural gas project in the country. TotalEnergies that the refinery project was not experiencing
announced its exit in a press release on January any setbacks.
21, with Chevron confirming to Reuters the
same day that it was also withdrawing from MEOG: Faihaa expansion begins
Myanmar. The operators of south-eastern Iraq’s Faihaa oil-
field this week awarded a contract to two Chi-
EurOil: Action urged on UK energy bills nese firms for the construction of a facility to
The UK’s top five business groups have urged the process crude oil from the asset as the developers
government to take quick and decisive action to move ahead with the field’s expansion.
curb rising energy prices, warning that a failure Meanwhile, state-owned Kuwait Oil Co.
to act will result in lower investment, a rise in (KOC) will soon launch a pipeline construction
poverty and potential spiralling inflation. contract to support its Jurassic gas production
The heads of the CBI, the British Chambers facilities following the award of two major deals
of Commerce, the Institute of Directors, Make in Q4 2021.
UK and the Federation of Small Businesses
addressed a joint letter to UK Chancellor Rishi
Sunak, saying that “rocketing” energy bills for NorthAmOil: Chesapeake buys and sells
households and businesses would undermine Chesapeake Energy confirmed this week that it
the post-lockdown economic recovery. was buying privately owned Chief E&D hold-
ings for about $2.5bn in cash and stock.
FSUOGM: Chinese backing for Yakutsk LNG The companies had been reported to be in
A Chinese energy firm has lent its support advanced talks over a potential acquisition last
to what could be the first large-scale Russian week.™

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P18 www. NEWSBASE .com Week 04 27•January•2022