Page 17 - GLNG Week 16 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Novak Warns That Russian En-
(NRG), in which the reader is invited to join ergy Sanctions Are Like A “Boomerang”
our team of international editors, who provide a Novak warns that Russian energy sanctions
snapshot of some of the key issues affecting their are like a “boomerang” Russian Deputy Prime
regional beats. We hope you will like NRG’s new Minister and former energy minister Alexander
concise format, but by clicking on the headline link Novak has warned that sanctions against Russia’s
for each section the full text will be available as energy sector act like a “boomerang,” hurting the
before. countries that introduced them more. The EU
declared earlier this month that it would ban
AfrOil: NNPC Sees AKK Gas Pipeline Russian coal imports, and the European Com-
Launched In Q1-2023 mission has signalled it will impose restrictions
NNPC sees AKK gas pipeline launched in Q1 - on oil supplies as well in its upcoming sanctions
2023 Mele Kyari, the group managing director package.
of Nigerian National Petroleum Co. (NNPC),
expects the Ajaokuta - Kaduna - Kano (AKK) GLNG:Japanese Government To Support
natural gas pipeline to begin operating in the first Investment In New LNG Import Sources
quarter of 2023. According to a statement issued Japanese government to support investment in
by his leading spokesman Garba Muhammad, new LNG import sources Japan aims to increase
Kyari told NNPC board members last week that its LNG important capacity and investment by
upstream producers were on track to make suf- Japanese companies in upstream production pro-
ficie nt volumes of gas available for AKK on time. jects worldwide. Japanese Minister of Economy,
Trade and Industry Koichi Hagiuda said that the
AsianOil: Petronet May Consider Fourth government was concentrating on reducing its
LNG Import Terminal In India dep endency on imports of Russian LNG.
Petronet may consider fourth LNG import ter-
minal in India India’s Petronet LNG may con- LatAmOil: ANP Notes Strong Interest In
sider building a fourth LNG import terminal in Brazil’s Latest Bidding Round
India in order to meet rising demand. Petronet’s ANP notes strong interest in Brazil’s latest bid-
CEO, A K Singh, told the Press Trust of India ding round Brazil’s National Agency of Petro-
last week that the company expects Indian gas leum, Natural Gas and Biofuels (ANP) reported
demand to continue growing. last week that the most recent bidding round, the
Third Cycle of the Open Acreage in the Conces-
DMEA: Saudi Petchems And Sonangol’s sion Model, had attracted more attention than
Strategy anticipated. According to Rodolfo Saboia, the
Saudi petchems and Sonangol’s strategy In this agency’s director - general, shows of interest
week’s DMEA we look at some of the latest from investors outweighed all expectations.
updates from Saudi petrochemicals firms and
Angola’s plans to go it alone on its main refin- MEOG: ADES Continues Fleet Expansion
ery project. Saudi’s Sipchem this week post ed a ADES continues fleet expansion This week’s
162% increase in net profit for the first quarter MEOG covers the expansion of a Saudi driller
of the year, buoyed by reduced finance costs and and progress on Ira qi gas licensing. Indian
increased profits from JVs. Meanwhile, Angolan drilling company Aban Offshore this week
NOC Sonangol has decided to move forward announced that it has agreed a deal to sell four
with the construction of a new refinery at Lobito, jack - up rigs to Saudi Arabia’s ADES Group as
even though i t has yet to choose a partner for the the companies plot opposing courses. Mean-
project, according to Sebastião Gaspar Martins, while, the Iraqi government is seen making a
the company’s president. decision o n the finalisation of a contract for the
Akkas gas field in the western Al Anbar Gover-
EurOil: Irish Government To Reconsider norate by early May.
Stance On LNG
Irish government to reconsider stance on LNG NorthAmOil: Biden Administration Restarts
Ireland has followed other European nation s Onshore Lease Sales
in announcing a new strategy to bolster energy Biden administration restarts onshore lease sales
security in response to Russia’s war in Ukraine The administration of US President Joe Biden
and soaring energy prices globally. But while the announced on April 15 that it was restarting oil
government said in the strategy it might recon- and gas leasing on federal land. The move marks
sider its opposition to building LNG import ter- the end of a pause on new onshore federal leas-
minals, there we re no hints that it could reverse ing that was imposed in the early days of Biden’s
its position against domestic gas exploration. presidency.

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