Page 15 - MEOG Week 03 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Consumers across the continent face higher
(NRG), in which the reader is invited to join gas and power bills this year, following a sharp
our team of international editors, who provide a rebound in demand as coronavirus (COVID-19)
snapshot of some of the key issues affecting their restrictions have been eased.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: Expert hits back at IEA claims
mat, but by clicking on the headline link for each A leading expert on the European gas market
section the full text will be available as before. has criticised the International Energy Agency
for blaming Russia for causing the continent’s
AfrOil: Duport refinery to launch soon energy crisis, instead attributing high energy
Backers of the Egbokor Energy Park project bills to the EU’s own policies.
reportedly expect construction work on the Jonathan Stern, a research fellow at the
new facility, which is being built in Nigeria’s Edo Oxford Institute for Energy Studies noted that
State, to be completed in less than three months. Russia has long warned its European gas cus-
According to Dr. Akintoye Akindele, the tomers against abandoning long-term contracts
CEO of Atlantic International Refinery and Pet- and shifting away from oil-indexed to gas market
rochemical, both the park’s owner, Duport Mid- prices.
stream, and the bank providing the financing,
First City Monument Bank, have said that the GLNG: Work begins on Hai Lang LNG
complex will be ready for inauguration by the Construction has begun on the first phase of
end of March. the Hai Lang LNG-to-power project in Viet-
nam, according to a January 15 government
AsianOil: Inpex unveils offshore plans announcement.
Japan’s Inpex unveiled plans this week to con- The project is located in Quang Tri Province.
duct exploratory drilling for natural gas offshore
Western Japan later this year. LatAmOil: Guyana to certify crude quality
According to a January 17 statement, the The Guyana National Bureau of Standards
exploration campaign will be carried out off- (GNBS) is prepared to assume responsibility for
shore Shimane and Yamaguchi prefectures testing crude oil extracted from the country’s
between March and July. offshore fields this year, ahead of the planned
launch of the Liza-2 development project.
DMEA: MEA refining concerns GNBS has been involved in the testing of
Downstream-focused Kuwait National Petro- crude since December 2019, when the coun-
leum Co. (KNPC) this week dealt with the sec- try’s first oilfield, Liza-1, began commercial
ond major fire at its 346,000 barrel per day Mina production.
Al-Ahmadi refinery since October.
Meanwhile, Ghana’s Environmental Protec- NorthAmOil: ExxonMobil’s net-zero goal
tion Agency (EPA) has voiced renewed concerns ExxonMobil announced this week that it would
about the planned location of the new 100,000 pursue an “ambition” to achieve net zero green-
bpd Sentuo Oil Refinery at Tema Newtown, a house gas emissions from its operated assets by
wetland catchment of Chemu Lagoon. 2050.
The move represents a significant step for the
EurOil: Protection from gas price spike super-major, which previously avoided commit-
Poland has slashed gas prices for small busi- ting to net zero on the basis that it had no realis-
nesses in an effort to shield them from the tic plan for achieving such a goal.™
energy crisis unfolding across Europe.

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