Page 18 - AsianOil Week 06 2023

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup Ukraine war levels, despite the steep drop in
Global (NRG), in which the reader is invited Russian deliveries.
to join our team of international editors, who
provide a snapshot of some of the key issues GLNG: China’s LNG Imports Forecast To
affecting their regional beats. We hope you will Rebound After Plunging 20% In 2022
like NRG's new concise format, but by clicking China’s liquefied natural gas (LNG) imports
on the headline link for each section the full text are projected to recover in 2023 to between
will be available as before. 70mn and 72mn tonnes, marking a 9%
to 14% rise from 2022, analysts at Rystad
AfrOil: Italy, Libya Sign $8bn Gas Deal Energy, Wood Mackenzie and ICIS told
Italian Prime Minister Giorgia Meloni arrived Reuters.
in Libya on January 28 to sign a natural gas In 2022, LNG imports to China fell 20%
supply deal with the state-owned oil company, year on year to 64.4mn tonnes as strict Covid
after visiting Algeria the previous week for lockdowns combined with increased use of
the same purpose. She was accompanied by natural gas from domestic production and
Claudio Descalzi, the CEO of Italy’s Eni, and pipeline sources dinted the country’s appetite.
Italian Foreign Minister Antonio Tajani.
LatAmOil: AMLO Pledges To Help Pemex
DMEA: Militia Threatens Iraqi Pipeline With Bond Payments
An Iraqi militant group with links to Iran this week Mexico’s President Andres Manuel Lopez
made vague threats to halt any effort to establish a Obrador has indicated that his government
pipeline route linking Basra with the Red Sea. is responding positively to requests from
Various versions of plans to build a 1,600- the national oil company (NOC) Pemex for
km conduit to carry crude oil from Iraq’s oil- assistance in covering financial obligations to
rich Basra Governorate to the Red Sea port of holders of its securities.
Aqaba have been on the drawing board since Speaking to journalists on January 26,
1982, with political, technical and commercial he said Mexico City had formulated a plan
concerns converging to derail progress. to ensure that Pemex could pay its debt
amortisations in 2023.
EurOil: CNOOC Puts Sale Of UK North Sea
Business On Hold MEOG:Maha And Mafraq Sign Oman Deal
China’s largest offshore oil and gas producer Swedish explorer Maha Energy and local firm
CNOOC Ltd has put on hold the intended sale of Mafraq Energy this week signed a joint
its UK North Sea assets, Bloomberg reported this operating agreement for Oman’s Block 70
week. concession following a farm-in deal last
Initial offers for the portfolio did not live up to year.
CNOOC’s expectations, but a sale process could be Maha operates Block 70 with a 65%
resumed if market conditions improve, the news shareholding, while Mafraq holds the
agency said, citing sources. remainder following its August farm-in to
the exploration and production-sharing
FSUOGM: Russian Gas Pipe Flow Dips To agreement (EPSA).
Record Low In January
Russian pipeline gas flowing to Europe NorthAmOil: ExxonMobil, Chevron Profits
dipped to a record low in January, down 30% Soar
compared with supplies in December, while The US’s two largest oil companies have posted
experts warn that there could be significant record profits as blowback continues, including
further downside risk to the country’s from politicians and consumer groups, and in See the archive and
deliveries. particular from US President Joe Biden. sign up to receive
Europe has enjoyed unseasonably high ExxonMobil reported profits of $55.7bn in *NRG Editor’s Picks*
temperatures in recent weeks, and with ample 2022. Its previous record was $45.2bn in 2008, for free by email each
LNG supply and gas volumes in storage, this when oil was $142 a barrel, 30% higher than week here
has resulted in prices dropping to their pre- in 2022.

P18 www. NEWSBASE .com Week 06 10•February•2023