Page 16 - MEOG Week 04 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global poverty and potential spiralling inflation.
(NRG), in which the reader is invited to join The heads of the CBI, the British Chambers
our team of international editors, who provide a of Commerce, the Institute of Directors, Make
snapshot of some of the key issues affecting their UK and the Federation of Small Businesses
regional beats. addressed a joint letter to UK Chancellor Rishi
We hope you enjoy NRG’s new concise for- Sunak, saying that “rocketing” energy bills for
mat, but by clicking on the headline link for each households and businesses would undermine
section the full text will be available as before. the post-lockdown economic recovery.
AfrOil: Dangote refinery to launch in H2 FSUOGM: Chinese backing for Yakutsk LNG
The exact starting date of the new Dangote oil A Chinese energy firm has lent its support to
refinery will be dependent on the outcome of a what could be the first large-scale Russian lique-
testing programme that is due to wrap up late in faction plant not to be developed by one of the
the third quarter of 2022, a plant official has said. country’s leading gas majors.
“Barring any hitches during this period of Zhejiang Energy, a gas and power supplier
the test run of the units, the refinery will start in east China that also imports LNG, has agreed
refining crude into [petroleum] products by the to buy a 10% stake in Yakutsk LNG, a proposed
fourth quarter of this year,” the official, who was liquefaction terminal on the shore of Russia’s
not named, told S&P Global Platts on January remote Yakutia region that at full capacity will
24. export up to 18mn tonnes per year of LNG to
markets in Asia.
AsianOil: Majors withdraw from Myanmar
France’s TotalEnergies and US-based Chevron GLNG: Sempra downsizes Cameron plans
are withdrawing from Myanmar, citing the US-based Sempra Energy has downsized its
worsening situation in the country following plans for the expansion of its Cameron LNG
last year’s coup. export terminal in Louisiana.
The two companies are partners in the Yadana In a filing with the US FERC last week, the
natural gas project in the country. TotalEnergies company proposed an expansion involving one
announced its exit in a press release on January 6.75mn tonne per year train, down from a pre-
21, with Chevron confirming to Reuters the vious expansion plan involving two trains with a
same day that it was also withdrawing from combined capacity of 10mn tpy.
Myanmar.
LatAmOil: Nahle reassures over Dos Bocas
DMEA: Fuel and pipes for Kuwait, Kenya Mexican Energy Minister Rocio Nahle has
Downstream-focused Kuwait National Petro- responded indignantly to reports that the
leum Co. is set to build 15 new fuel stations national oil company Pemex is running over
under the second phase of a wider plan to add budget and behind schedule on the construction
a total of 100 as it seeks to match the country’s of the Dos Bocas refinery in Tabasco State.
urban expansion. On January 22, Nahle said in a Twitter post
Meanwhile, Kenya’s Lapsset Corridor Devel- that the refinery project was not experiencing
opment Authority (LCDA) has begun work on any setbacks.
the next phase of the LAPSSET initiative follow-
ing the launch of Lamu Port in Q2 last year. NorthAmOil: Chesapeake buys and sells
Chesapeake Energy confirmed this week that it
EurOil: Action urged on UK energy bills was buying privately owned Chief E&D hold-
The UK’s top five business groups have urged the ings for about $2.5bn in cash and stock.
government to take quick and decisive action to The companies had been reported to be in
curb rising energy prices, warning that a failure advanced talks over a potential acquisition last
to act will result in lower investment, a rise in week.™

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P16 www. NEWSBASE .com Week 04 26•January•2022