Page 15 - MEOG Week 17 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global of natural gas, and swung to becoming an
(NRG), in which the reader is invited to join importer in 2018 as a result of the continued
our team of international editors, who provide a phase-out of production at the giant Groningen
snapshot of some of the key issues affecting their field.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: Potential delay for Arctic LNG-2
mat, but by clicking on the headline link for each Prospects for Russia’s second-biggest LNG
section the full text will be available as before. exporter Novatek look in doubt, after its CEO
Leonid Mikhelson warned at a sharehold-
AfrOil: Cameroon bemoans sanctions ers’ meeting last week that the schedule for
Cameroon’s Energy Ministry is blaming Western its upcoming Arctic LNG-2 project could be
sanctions on Russia for the fuel shortages that delayed because of sanctions.
have broken out around the country, according Arctic LNG-2 has relied significantly on
to a report from Voice of America. Western equipment and technology, not to men-
Ministry officials said last week that Came- tion financing to cover its $21bn cost.
roon had started running low on fuel earlier in
April because the imposition of sanctions trig- GLNG: GTT wins LNG tank design work
gered a rise in crude prices that made imports France’s GTT has won a contract from South
more expensive. Korean shipbuilder Samsung Heavy Industries
(SMI) to design a tank for a new LNG Carrier
AsianOil: Deal signed for Borneo FLNG (LNGC).
Petronas and Sabah Oil & Gas Development GTT said in a statement that the carrier
Corp. (SOGDC) have signed a memorandum would have a total LNG tank capacity of 180,000
of understanding on the development of a near- cubic metres and would be fitted with the Mark
shore floating LNG facility in the Malaysian state III Flex membrane containment system, devel-
of Sabah in Borneo. oped by GTT.
Under the MoU, SOGDC will support Petro-
nas in securing all necessary approvals, permits LatAmOil: Pressure on Pemex
and other requirements as they work to realise Mexico’s national oil company Pemex has
the project, according to local media. reportedly come under more pressure from
the Finance Ministry to resume payments on
DMEA: Petchems to the fore for ADNOC maturing securities, despite an earlier promise
ADNOC’s Abu Dhabi Chemicals Derivatives from President Andres Manuel Lopez Obrador
Co. (TA’ZIZ) JV this week formalised a share- to cover the firm’s obligations until the end of his
holder agreement with Reliance Industries Ltd term in 2024.
(RIL) for the TA’ZIZ EDC & PVC project to be Two unnamed sources with knowledge of the
located in Ruwais. matter told Reuters last week that the ministry
Meanwhile, reports emerged that ADNOC had stepped up its communications with Pemex
and Borealis intend to achieve a valuation of and urged the company to assume this respon-
$20bn for their Borouge plastics JV in the hope sibility ahead of April 21, the deadline for paying
of receiving $2bn for a 10% stake when they the holders of €1bn worth of Eurobonds issued
launch an initial public offering later this year. in 2015.

EurOil: FLNG heading for the Netherlands NorthAmOil: CNOOC exits Flemish Pass
A floating LNG plant is expected to arrive at China National Offshore Oil Corp. (CNOOC)
Eemshaven port in the Netherlands’ Groningen has confirmed to Canadian media that it is exit-
Province in early August, helping the country ing the Flemish Pass Basin offshore Newfound-
and the wider region overcome their depend- land and Labrador.
ence on Russian gas. The Chinese company’s exit follows an
The Netherlands was formerly a net exporter unsuccessful drilling campaign in the basin.™

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