Page 8 - DMEA Week 34 2022

DMEA TERMINALS & SHIPPING DMEA

BP’s British Mentor tanker will load LNG from the Coral Sul FLNG vessel (Photo: Eni)
Eni’s first LNG cargo will mark Mozambique’s LNG project. The Italian major said recently
entry into the ranks of the world’s exporters as that it would add a second FLNG facility so that
a global energy crunch pushes prices of the fuel it could expand production within four years.
to record highs. Eni’s progress also comes as an Islamist
In Europe, for example, supplies have been insurgency north of Mozambique has disrupted
tight and prices high following Russia’s inva- TotalEnergies and ExxonMobil’s projects.
sion of Ukraine, leading countries including the TotalEnergies had to evacuate workers from its
UK and Germany to warn that the fuel squeeze Mozambique LNG project site after the rebels
could prompt rationing and trigger a recession. attacked a nearby district in early 2021. The
In an effort to end their dependence on Russian conflict has killed more than 4,000 people and
gas, European buyers have been paying high displaced about 800,000 more since its start in
prices as they compete with other buyers to October 2017, according to reports. ExxonMo-
secure LNG cargoes ahead of the winter. bil, meanwhile, has delayed a final investment
Strong European demand has already led decision (FID) on its own Rovuma LNG project,
Eni to expand the scope of the Coral South which is at a less advanced stage. ™

REFINING & FUELS
Kyari says Nigeria cannot eliminate oil

theft by legalising underground refineries

AFRICA NIGERIA cannot eliminate the long-standing
problem of oil theft in the Niger River Delta by
legalising underground refineries, Mele Kyari,
the group CEO of Nigerian National Petroleum
Co. Ltd (NNPC Ltd), has said.
In remarks broadcast by state-run Nigerian
Television Authority (NTA) on August 22, Kyari
asserted that there was no proper way to con-
vert the makeshift facilities set up to process
crude oil siphoned illegally from pipelines into
legitimate working refineries. He also described
underground refineries dismissively as no more
sophisticated than a pot left to boil over a heat
source.
“Refining is a science of its own. The cook- NNPC Ltd has launched an anti-theft campaign (Image: Twitter/@nnpclimited)
ing pots you are seeing are not refineries in any
sense,” he remarked. “There’s simply no way you therefore focus on encouraging the construction
can convert these cooking pots to legal refiner- of small-scale modular refineries rather than
ies. It’s not possible.” seek the legalisation of underground bunkering
The campaign to reduce oil theft should and refining operations, he continued.

P8 www. NEWSBASE .com Week 34 25•August•2022