Page 14 - AsianOil Week 28 2022

AsianOil NEWSBASE’S ROUNDUP GLOBAL (NRG) AsianOil

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global and expanding the deployment of renewables
(NRG), in which the reader is invited to join and other low-carbon technologies, in order to
our team of international editors, who provide a achieve its goal of reducing emissions by 55% by
snapshot of some of the key issues affecting their the end of the decade.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline link FSUOGM: What if Nord Stream 1 doesn’t
for each section the full text will be available as come back online?
before. The Nord Stream 1 pipeline closed down on July
11 for routine maintenance that was planned
AfrOil: Namibian minister blasts foreign well in advance, and which takes place every
critics of Kavango exploration summer. While under normal circumstances
Namibia’s Energy Minister Tom Alweendo has the 10-day closure would be no cause for alarm,
expressed frustration with critics of the country’s European officials have raised the possibility that
plans to move forward with oil and gas explo- Moscow may keep the 55bn cubic metre per year
ration, asserting that much of the opposition pipeline offline for longer, in order to further
to these plans comes from foreign countries destabilise European energy markets.
that have already benefited from hydrocarbon
development. “They did drill just like we are GLNG: Shell subsidiary signs 20-year LNG
drilling, and when their economy grew where it supply deal with MPL plant in Mexico
has grown, where they created the wealth they Shell (UK) announced on July 12 that its subsid-
needed to have and have developed their peo- iary Shell Eastern Trading Ltd had arranged to
ple, now suddenly they are telling us: ‘Stop doing purchase 2.6mn tonnes per year of LNG from a
that,’” he remarked during an Energy Ministry new gas liquefaction plant slated for construc-
information session in Kavango East. tion at Puerto Libertad in Mexico’s Sonora State.
In a statement, Shell said that its subsidiary had
AsianOil: Japan considers steps to con- signed a sales and purchase agreement with an
serve gas supplies affiliate of the future plant’s owner and operator
Japan is considering steps to conserve natural gas Mexico Pacific Ltd (MPL), which is controlled by
supplies amid fears of a potential disruption. This the US investment firm AVAIO Capital.
week it emerged that Tokyo may ask households
and businesses to cut back on gas usage when LatAmOil: Shell signs 20-year LNG supply
supply is tight. This comes after Moscow ordered deal with MPL
the transfer of ownership in the Sakhalin-2 oil Shell (UK) announced on July 12 that its subsid-
and LNG project to a newly established Russian iary Shell Eastern Trading Ltd had arranged to
company and warned Japanese firms Mitsui & purchase 2.6mn tonnes per year of LNG from a
Co. and Mitsubishi, which own stakes in the pro- new gas liquefaction plant slated for construc-
ject, that they could lose their access to it. tion at Puerto Libertad in Mexico’s Sonora State.

DMEA: Cabinda CDU and Nigerian biofuels MEOG: Turkish progress and Iranian pro-
This week, DMEA includes coverage of progress cess
at one of Angola’s new refineries and the focusing In MEOG this week, we look at progress in
of minds on a new fuel plant in Nigeria. Brazilian Turkey’s upstream, while Iran seeks to ramp up
contractor Odebrecht Engenharia e Construção processing capacity. Turkish Petroleum Corp.
(OEC) this week announced that it has installed (TPAO) this week announced the discovery of a
the distillation tower at the 60,000 barrel per day small onshore oilfield as efforts ramp up to tap its
refinery in Angola’s Cabinda exclave. Mean- flagship offshore gas asset. Meanwhile, Iran has
while, a delegation from the Nigerian National announced plans to increase its slate of gas-based
Petroleum Corp. (NNPC) Ltd visited Kogi State products with a view to ramping up exports.
this week as plans formalise around the develop-
ment of a new biofuel plant. NorthAmOil: Suncor CEO steps down fol-
lowing new fatality
EurOil: EU deputy warns of “conflict and Suncor Energy’s president and CEO, Mark Little,
strife” this winter amid energy costs has stepped down from his role following another
The EU’s second most senior official has warned worker fatality at a site operated by the company.
that the bloc runs the risk of “very, very strong The fatality, involving a worker at Suncor’s oil
conflict and strife” this winter over the high cost sands base plant in Alberta, was the fifth for the
of energy, and in the short term, he called for the company since Little became CEO in 2019 and
EU to expand its supply of fossil fuels to alle- the thirteenth since 2014.
viate the crisis. In July last year, the EU passed
its sweeping Fit-for-55 climate package, aimed See the archive and sign up to receive NRG Editor’s
at rapidly reducing the use of oil, gas and coal Picks for free by email each week here.™

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